Wesbanco Bank Inc. Increases Stock Position in SunOpta Inc. (NASDAQ:STKL)

Wesbanco Bank Inc. grew its stake in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 203.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 193,100 shares of the company's stock after buying an additional 129,500 shares during the quarter. Wesbanco Bank Inc. owned 0.16% of SunOpta worth $938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of STKL. Quarry LP purchased a new stake in shares of SunOpta in the fourth quarter valued at approximately $36,000. D.A. Davidson & CO. acquired a new stake in shares of SunOpta in the fourth quarter valued at $81,000. Bayesian Capital Management LP raised its stake in shares of SunOpta by 15.2% in the fourth quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock valued at $89,000 after acquiring an additional 1,523 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of SunOpta by 15.2% in the fourth quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock valued at $112,000 after acquiring an additional 1,923 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its stake in shares of SunOpta by 18.7% in the fourth quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock valued at $113,000 after acquiring an additional 2,316 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded SunOpta from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th.

Insiders Place Their Bets

In other news, CEO Brian W. Kocher acquired 10,000 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were bought at an average price of $5.72 per share, with a total value of $57,200.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $57,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company's stock.

SunOpta Stock Down 1.7%

SunOpta stock traded down $0.10 during midday trading on Friday, reaching $5.96. The company's stock had a trading volume of 1,343,624 shares, compared to its average volume of 786,613. SunOpta Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $8.11. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. The company has a market cap of $700.55 million, a P/E ratio of -33.11 and a beta of 1.47. The business has a 50-day simple moving average of $5.12 and a 200-day simple moving average of $6.27.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The company had revenue of $201.63 million for the quarter, compared to analysts' expectations of $195.09 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. On average, research analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

SunOpta Profile

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.