Essex Investment Management Co. LLC Sells 82,877 Shares of SunOpta Inc. (NASDAQ:STKL)

Essex Investment Management Co. LLC decreased its holdings in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 728,311 shares of the company's stock after selling 82,877 shares during the period. SunOpta comprises 1.0% of Essex Investment Management Co. LLC's portfolio, making the stock its 21st largest holding. Essex Investment Management Co. LLC owned about 0.61% of SunOpta worth $5,608,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. US Bancorp DE raised its holdings in shares of SunOpta by 139.3% during the third quarter. US Bancorp DE now owns 8,197 shares of the company's stock worth $52,000 after acquiring an additional 4,772 shares in the last quarter. D.A. Davidson & CO. acquired a new position in SunOpta in the 4th quarter worth about $81,000. Mutual Advisors LLC purchased a new stake in shares of SunOpta during the 4th quarter worth about $92,000. EP Wealth Advisors LLC acquired a new stake in shares of SunOpta during the 3rd quarter valued at about $79,000. Finally, Paloma Partners Management Co bought a new stake in shares of SunOpta in the 3rd quarter valued at approximately $85,000. 85.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STKL has been the topic of several recent research reports. StockNews.com raised shares of SunOpta from a "sell" rating to a "hold" rating in a research report on Tuesday. Stephens restated an "overweight" rating and set a $10.00 price target on shares of SunOpta in a research note on Thursday, January 2nd.

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SunOpta Stock Down 6.2 %

Shares of NASDAQ:STKL traded down $0.35 on Thursday, reaching $5.32. The company had a trading volume of 492,503 shares, compared to its average volume of 611,908. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $637.01 million, a P/E ratio of -29.55 and a beta of 1.90. The stock has a 50-day moving average price of $7.08 and a 200 day moving average price of $6.95. SunOpta Inc. has a twelve month low of $4.88 and a twelve month high of $8.11.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share (EPS) 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 firm had revenue of $193.91 million during the quarter, compared to analysts' expectations of $189.90 million. On average, equities analysts expect that SunOpta Inc. will post 0.13 EPS for the current year.

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.