SunOpta Inc. (NASDAQ:STKL) Holdings Lowered by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP cut its position in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 17.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,390,000 shares of the company's stock after selling 290,000 shares during the quarter. SunOpta accounts for 1.7% of Ardsley Advisory Partners LP's investment portfolio, making the stock its 13th biggest holding. Ardsley Advisory Partners LP owned approximately 1.16% of SunOpta worth $10,703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ironwood Investment Management LLC grew its holdings in shares of SunOpta by 1.2% during the fourth quarter. Ironwood Investment Management LLC now owns 132,879 shares of the company's stock worth $1,023,000 after buying an additional 1,549 shares in the last quarter. Quadrant Capital Group LLC boosted its position 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 worth $112,000 after acquiring an additional 1,923 shares during the last quarter. Rhumbline Advisers raised its stake in SunOpta by 2.5% during the fourth quarter. Rhumbline Advisers now owns 140,310 shares of the company's stock worth $1,080,000 after purchasing an additional 3,402 shares during the period. Quarry LP acquired a new position in shares of SunOpta in the 4th quarter valued at about $36,000. Finally, Hollencrest Capital Management grew its stake in SunOpta by 29.4% during the fourth quarter. Hollencrest Capital Management now owns 22,000 shares of the company's stock worth $169,000 after buying an additional 5,000 shares during the period. Institutional investors and hedge funds own 85.39% of the company's stock.

SunOpta Stock Up 26.9 %

Shares of NASDAQ:STKL traded up $1.22 during trading on Thursday, hitting $5.75. The company's stock had a trading volume of 3,117,027 shares, compared to its average volume of 801,060. SunOpta Inc. has a fifty-two week low of $3.64 and a fifty-two week high of $8.11. 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 company has a market capitalization of $688.59 million, a PE ratio of -31.94 and a beta of 1.50. The stock's 50-day moving average price is $4.70 and its two-hundred day moving average price is $6.43.

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 the consensus estimate of $0.02 by $0.02. The firm 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%. As a group, sell-side analysts expect that SunOpta Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity

In other SunOpta 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 value of $45,220.00. Following the sale, the senior vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.90% of the company's stock.

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.