Fortis Group Advisors LLC Increases Stock Holdings in SunOpta Inc. (NASDAQ:STKL)

Fortis Group Advisors LLC grew its stake in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 224.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,404 shares of the company's stock after acquiring an additional 32,777 shares during the quarter. Fortis Group Advisors LLC's holdings in SunOpta were worth $365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of STKL. Geode Capital Management LLC increased its stake in shares of SunOpta by 80.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company's stock worth $13,579,000 after acquiring an additional 951,462 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of SunOpta by 16.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company's stock worth $35,122,000 after acquiring an additional 782,338 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of SunOpta by 65.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,761,922 shares of the company's stock worth $13,567,000 after acquiring an additional 698,004 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of SunOpta by 250.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company's stock worth $4,848,000 after acquiring an additional 542,832 shares during the last quarter. Finally, Hodges Capital Management Inc. increased its stake in shares of SunOpta by 12.7% in the 3rd quarter. Hodges Capital Management Inc. now owns 3,604,629 shares of the company's stock worth $22,998,000 after acquiring an additional 406,005 shares during the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STKL has been the subject of a number of research analyst reports. Stephens reiterated an "overweight" rating and set a $10.00 price target 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 Saturday, November 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.50.

SunOpta Trading Down 2.9 %

Shares of NASDAQ STKL traded down $0.22 during mid-day trading on Wednesday, reaching $7.24. 321,222 shares of the company's stock were exchanged, compared to its average volume of 443,754. The firm has a market capitalization of $866.91 million, a price-to-earnings ratio of -40.22 and a beta of 1.79. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. SunOpta Inc. has a 52-week low of $4.88 and a 52-week high of $8.11. The company's 50-day moving average is $7.51 and its 200-day moving average is $6.91.

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.