First Eagle Investment Management LLC Invests $1.34 Million in SunOpta Inc. (NASDAQ:STKL)

First Eagle Investment Management LLC bought a new position in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 174,176 shares of the company's stock, valued at approximately $1,341,000. First Eagle Investment Management LLC owned approximately 0.15% of SunOpta at the end of the most recent quarter.

A number of other large investors have also modified their holdings of STKL. US Bancorp DE increased its stake in SunOpta by 139.3% in the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company's stock valued at $52,000 after purchasing an additional 4,772 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of SunOpta during the third quarter worth $79,000. D.A. Davidson & CO. acquired a new stake in shares of SunOpta during the fourth quarter worth $81,000. Paloma Partners Management Co acquired a new stake in shares of SunOpta during the third quarter worth $85,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of SunOpta by 33.1% during the third quarter. Quantinno Capital Management LP now owns 13,522 shares of the company's stock worth $86,000 after purchasing an additional 3,360 shares during the last quarter. 85.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SunOpta

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.48% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

STKL has been the topic of a number of research analyst reports. Stephens reiterated an "overweight" rating and issued a $10.00 target price on shares of SunOpta in a report on Thursday, January 2nd. StockNews.com upgraded SunOpta from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th.

SunOpta Trading Down 0.4 %

SunOpta stock traded down $0.02 during midday trading on Thursday, reaching $5.37. The stock had a trading volume of 475,283 shares, compared to its average volume of 717,368. SunOpta Inc. has a twelve month low of $4.88 and a twelve month high of $8.11. The stock has a market capitalization of $643.00 million, a PE ratio of -29.83 and a beta of 1.90. 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 stock's 50-day simple moving average is $6.86 and its 200 day simple moving average is $6.93.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 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 company had revenue of $193.91 million for the quarter, compared to analyst estimates of $189.90 million. Analysts expect that SunOpta Inc. will post 0.13 EPS for the current year.

About SunOpta

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.