SunOpta Inc. (NASDAQ:STKL) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. raised its holdings in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 187.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,740 shares of the company's stock after buying an additional 240,000 shares during the period. Alliancebernstein L.P. owned about 0.31% of SunOpta worth $2,832,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of STKL. Ironwood Investment Management LLC boosted its holdings in SunOpta by 1.2% in the fourth quarter. Ironwood Investment Management LLC now owns 132,879 shares of the company's stock valued at $1,023,000 after purchasing an additional 1,549 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of SunOpta by 33.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,522 shares of the company's stock valued at $86,000 after buying an additional 3,360 shares in the last quarter. Rhumbline Advisers grew its position in shares of SunOpta by 2.5% in the 4th quarter. Rhumbline Advisers now owns 140,310 shares of the company's stock valued at $1,080,000 after buying an additional 3,402 shares during the last quarter. Hollencrest Capital Management lifted its position in SunOpta by 29.4% in the fourth quarter. Hollencrest Capital Management now owns 22,000 shares of the company's stock valued at $169,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in SunOpta by 64.7% in the fourth quarter. Van ECK Associates Corp now owns 18,070 shares of the company's stock valued at $139,000 after acquiring an additional 7,097 shares in the last quarter. 85.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stephens reiterated an "overweight" rating and set a $10.00 target price on shares of SunOpta in a research report on Thursday, January 2nd. StockNews.com raised SunOpta from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th.

Insider Buying and Selling

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 shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the completion of the transaction, the senior vice president now owns 28,150 shares in the company, valued at approximately $149,758. This represents a 23.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.48% of the company's stock.

SunOpta Stock Performance

NASDAQ STKL traded up $0.02 during trading on Friday, reaching $3.90. The company's stock had a trading volume of 650,213 shares, compared to its average volume of 759,471. The business's fifty day moving average price is $5.45 and its 200-day moving average price is $6.60. SunOpta Inc. has a twelve month low of $3.65 and a twelve month 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 firm has a market cap of $467.04 million, a price-to-earnings ratio of -21.67 and a beta of 1.83.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, hitting analysts' consensus estimates of $0.06. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The company had revenue of $193.91 million during the quarter, compared to analysts' expectations of $189.90 million. As a group, analysts anticipate that SunOpta Inc. will post 0.13 EPS 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.