Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 95,000 shares of the company's stock, valued at approximately $733,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of SunOpta as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of STKL. Geode Capital Management LLC increased its position in shares of SunOpta by 80.9% in the third quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company's stock valued at $13,579,000 after acquiring an additional 951,462 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in SunOpta by 16.6% in the third quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company's stock valued at $35,122,000 after purchasing an additional 782,338 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of SunOpta by 65.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,761,922 shares of the company's stock worth $13,567,000 after purchasing an additional 698,004 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of SunOpta by 250.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company's stock worth $4,848,000 after purchasing an additional 542,832 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its stake in shares of SunOpta by 12.7% during the 3rd quarter. Hodges Capital Management Inc. now owns 3,604,629 shares of the company's stock worth $22,998,000 after purchasing an additional 406,005 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of SunOpta from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Stephens reissued an "overweight" rating and issued a $10.00 price objective on shares of SunOpta in a research report on Thursday, January 2nd.
Read Our Latest Report on SunOpta
SunOpta Stock Performance
NASDAQ:STKL traded down $0.09 on Wednesday, hitting $5.02. The company's stock had a trading volume of 676,601 shares, compared to its average volume of 717,928. SunOpta Inc. has a one year low of $4.88 and a one year high of $8.11. The firm has a market capitalization of $601.09 million, a P/E ratio of -27.89 and a beta of 1.90. The stock has a fifty day moving average of $6.70 and a two-hundred day moving average of $6.93. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61.
SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $189.90 million. Research analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current year.
Insider Activity at SunOpta
In other news, SVP Bryan P. Clark sold 8,500 shares of SunOpta 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 transaction, the senior vice president now 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 document filed with the SEC, which is accessible through this hyperlink. 6.48% of the stock is currently owned by insiders.
SunOpta Company Profile
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Free Report)
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.
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