Hodges Capital Management Inc. Grows Position in SunOpta Inc. (NASDAQ:STKL)

Hodges Capital Management Inc. increased its stake in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,646,861 shares of the company's stock after purchasing an additional 42,232 shares during the quarter. SunOpta makes up approximately 1.7% of Hodges Capital Management Inc.'s portfolio, making the stock its 12th biggest holding. Hodges Capital Management Inc. owned 3.05% of SunOpta worth $28,081,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in 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 buying an additional 542,832 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in SunOpta by 127.6% in the third quarter. Harbor Capital Advisors Inc. now owns 1,063,918 shares of the company's stock worth $6,788,000 after buying an additional 596,403 shares during the period. PDT Partners LLC bought a new stake in shares of SunOpta during the 3rd quarter valued at $726,000. State Street Corp raised its position in shares of SunOpta by 18.9% in the 3rd quarter. State Street Corp now owns 1,827,273 shares of the company's stock worth $11,658,000 after purchasing an additional 290,372 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of SunOpta by 103.3% during the 3rd quarter. Barclays PLC now owns 178,954 shares of the company's stock valued at $1,142,000 after acquiring an additional 90,937 shares during the last quarter. Hedge funds and other institutional investors own 85.39% of the company's stock.

SunOpta Stock Performance

Shares of NASDAQ STKL traded up $0.01 during trading hours on Thursday, reaching $7.41. The stock had a trading volume of 347,649 shares, compared to its average volume of 470,410. The firm has a 50-day moving average of $7.58 and a 200-day moving average of $6.75. SunOpta Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. The firm has a market cap of $886.61 million, a price-to-earnings ratio of -41.16 and a beta of 1.79.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $176.22 million for the quarter, compared to the consensus estimate of $172.30 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. Equities research analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current year.

Analysts Set New Price Targets

STKL has been the topic of a number of recent analyst reports. DA Davidson reissued a "buy" rating and set a $9.00 price target on shares of SunOpta in a report on Thursday, October 10th. Stephens restated an "overweight" rating and set a $10.00 price target on shares of SunOpta in a research note on Thursday, January 2nd. Finally, StockNews.com raised SunOpta from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $9.50.

Insider Activity

In other SunOpta news, Director Rebecca Fisher sold 13,142 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total transaction of $99,616.36. Following the transaction, the director now owns 108,500 shares of the company's stock, valued at approximately $822,430. This represents a 10.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Duchscher sold 50,000 shares of SunOpta stock in a transaction on Friday, November 8th. The stock was sold at an average price of $7.33, for a total transaction of $366,500.00. Following the transaction, the insider now directly owns 42,971 shares in the company, valued at approximately $314,977.43. This represents a 53.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.48% of the company's stock.

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.