Legato Capital Management LLC Trims Stock Position in SunOpta Inc. (NASDAQ:STKL)

Legato Capital Management LLC trimmed its holdings in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 23.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,100 shares of the company's stock after selling 41,641 shares during the period. Legato Capital Management LLC owned about 0.12% of SunOpta worth $1,071,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in STKL. Geode Capital Management LLC boosted its position in SunOpta by 80.9% during the third quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company's stock valued at $13,579,000 after buying an additional 951,462 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of SunOpta by 16.6% during the third quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company's stock worth $35,122,000 after purchasing an additional 782,338 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of SunOpta by 65.6% during the fourth 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 period. Charles Schwab Investment Management Inc. boosted its holdings in shares of SunOpta by 250.1% during the third 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 period. Finally, Hodges Capital Management Inc. boosted its holdings in shares of SunOpta by 12.7% during the third 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 during the period. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

SunOpta Price Performance

Shares of STKL traded up $0.15 during trading hours on Friday, reaching $7.64. 495,391 shares of the stock traded hands, compared to its average volume of 439,479. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. 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 price is $7.54 and its two-hundred day moving average price is $6.86.

Insider Activity at SunOpta

In related news, Director Rebecca Fisher sold 13,142 shares of SunOpta stock in a transaction on Tuesday, November 19th. The shares were 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 in the company, valued at approximately $822,430. The trade was a 10.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stephens restated an "overweight" rating and issued a $10.00 price objective on shares of SunOpta in a report on Thursday, January 2nd. StockNews.com raised shares of SunOpta from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $9.50.

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.