American Century Companies Inc. Increases Position in SunOpta Inc. (NASDAQ:STKL)

American Century Companies Inc. increased its stake in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 145.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 226,785 shares of the company's stock after buying an additional 134,368 shares during the period. American Century Companies Inc. owned 0.19% of SunOpta worth $1,751,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cibc World Markets Corp boosted its holdings in SunOpta by 2.2% in the 4th quarter. Cibc World Markets Corp now owns 408,832 shares of the company's stock valued at $3,148,000 after purchasing an additional 8,832 shares during the period. Royce & Associates LP grew its holdings in shares of SunOpta by 12.5% during the 4th quarter. Royce & Associates LP now owns 1,731,276 shares of the company's stock valued at $13,331,000 after purchasing an additional 192,780 shares during the last quarter. Ironwood Investment Management LLC lifted its stake in SunOpta by 1.2% in the 4th 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 during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of SunOpta during the fourth quarter worth $1,341,000. Finally, Swiss National Bank increased its holdings in shares of SunOpta by 9.1% during the fourth quarter. Swiss National Bank now owns 188,725 shares of the company's stock worth $1,457,000 after buying an additional 15,800 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company's stock.

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Analyst Ratings Changes

Several research analysts have issued reports on STKL shares. StockNews.com upgraded shares of SunOpta from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Stephens reaffirmed an "overweight" rating and set a $10.00 price target on shares of SunOpta in a research report on Thursday, January 2nd.

SunOpta Stock Up 4.8 %

Shares of SunOpta stock traded up $0.18 during trading on Friday, reaching $3.92. 1,135,280 shares of the company traded hands, compared to its average volume of 762,169. The company has a 50 day moving average price of $5.79 and a 200-day moving average price of $6.68. SunOpta Inc. has a 1-year low of $3.65 and a 1-year high of $8.11. The firm has a market capitalization of $469.44 million, a PE ratio of -21.78 and a beta of 1.83. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its earnings results on Wednesday, February 26th. The company reported $0.06 EPS for the quarter, meeting 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 business had revenue of $193.91 million during the quarter, compared to analyst estimates of $189.90 million. As a group, equities research analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Activity at SunOpta

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the firm's 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 transaction, the senior vice president now directly owns 28,150 shares in the company, valued at approximately $149,758. This trade represents a 23.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.48% of the stock is currently owned by insiders.

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.