Raymond James Financial Inc. Makes New $1.29 Million Investment in SunOpta Inc. (NASDAQ:STKL)

Raymond James Financial Inc. bought a new position in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 167,423 shares of the company's stock, valued at approximately $1,289,000. Raymond James Financial Inc. owned 0.14% of SunOpta as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in STKL. D.A. Davidson & CO. purchased a new position in SunOpta in the fourth quarter valued at $81,000. Mutual Advisors LLC acquired a new position in shares of SunOpta during the fourth quarter worth about $92,000. Quadrant Capital Group LLC raised its holdings in 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. Patriot Financial Group Insurance Agency LLC purchased a new position in SunOpta in the fourth quarter worth approximately $116,000. Finally, Van ECK Associates Corp grew its holdings in SunOpta by 64.7% during the 4th quarter. Van ECK Associates Corp now owns 18,070 shares of the company's stock worth $139,000 after acquiring an additional 7,097 shares in the last quarter. 85.39% of the stock is currently owned by institutional investors and hedge funds.

SunOpta Stock Performance

STKL traded up $0.02 during trading on Friday, hitting $5.85. 457,957 shares of the stock were exchanged, compared to its average volume of 767,963. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. SunOpta Inc. has a 1-year low of $3.65 and a 1-year high of $8.11. The stock has a fifty day moving average price of $4.70 and a two-hundred day moving average price of $6.43. The firm has a market capitalization of $700.57 million, a P/E ratio of -32.50 and a beta of 1.50.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The business had revenue of $201.63 million during the quarter, compared to the consensus estimate of $195.09 million. As a group, sell-side analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised SunOpta from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th.

Insider Transactions at SunOpta

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

SunOpta Company 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.