Woodline Partners LP Raises Holdings in SunOpta Inc. (NASDAQ:STKL)

Woodline Partners LP increased its stake in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 26.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,541,019 shares of the company's stock after buying an additional 320,284 shares during the quarter. Woodline Partners LP owned 1.29% of SunOpta worth $11,866,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quarry LP bought a new stake in SunOpta during the fourth quarter worth $36,000. D.A. Davidson & CO. bought a new stake in SunOpta during the fourth quarter worth $81,000. Bayesian Capital Management LP grew its holdings in SunOpta by 15.2% during the fourth quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock worth $89,000 after buying an additional 1,523 shares in the last quarter. Mutual Advisors LLC bought a new stake in SunOpta during the fourth quarter worth $92,000. Finally, Quadrant Capital Group LLC grew its holdings in SunOpta by 15.2% during the fourth quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock worth $112,000 after buying an additional 1,923 shares in the last quarter. Institutional investors own 85.39% of the company's stock.

Insider Buying and Selling at SunOpta

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $5.32, for a total value of $45,220.00. Following the completion of the transaction, the senior vice president now owns 28,150 shares in the company, valued at $149,758. This represents a 23.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company's stock.

SunOpta Stock Performance

NASDAQ:STKL traded up $0.31 during trading on Tuesday, reaching $6.07. The company's stock had a trading volume of 301,726 shares, compared to its average volume of 841,912. The firm has a market cap of $713.60 million, a price-to-earnings ratio of -33.75 and a beta of 1.50. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. The firm has a 50 day moving average of $4.83 and a 200-day moving average of $6.40. SunOpta Inc. has a 12 month low of $3.64 and a 12 month high of $8.11.

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

Wall Street Analyst Weigh In

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

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.