PDT Partners LLC Invests $726,000 in SunOpta Inc. (NASDAQ:STKL)

PDT Partners LLC bought a new stake in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 113,819 shares of the company's stock, valued at approximately $726,000. PDT Partners LLC owned about 0.10% of SunOpta as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its position in SunOpta by 16.6% during the third quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company's stock valued at $35,122,000 after buying an additional 782,338 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of SunOpta by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,064,115 shares of the company's stock worth $27,346,000 after purchasing an additional 56,560 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in SunOpta by 11.2% in the 2nd quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company's stock worth $17,273,000 after purchasing an additional 323,397 shares during the period. Royce & Associates LP lifted its position in SunOpta by 9.3% during the third quarter. Royce & Associates LP now owns 1,538,496 shares of the company's stock valued at $9,816,000 after purchasing an additional 130,470 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in SunOpta by 116.3% during the second quarter. Marshall Wace LLP now owns 1,396,724 shares of the company's stock valued at $7,542,000 after purchasing an additional 751,126 shares during the period. 85.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on STKL shares. StockNews.com raised SunOpta from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Stephens lifted their price target on shares of SunOpta from $9.00 to $10.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Finally, DA Davidson reissued a "buy" rating and set a $9.00 price target on shares of SunOpta in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.50.

SunOpta Stock Up 0.3 %

SunOpta stock traded up $0.02 during mid-day trading on Tuesday, reaching $7.72. 510,191 shares of the company were exchanged, compared to its average volume of 801,468. SunOpta Inc. has a 12-month low of $4.62 and a 12-month high of $8.11. The business has a fifty day moving average of $6.79 and a 200 day moving average of $6.09. The firm has a market cap of $922.31 million, a P/E ratio of -42.89 and a beta of 1.78. 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 (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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%. Research analysts anticipate that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Robert Duchscher sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00. Following the sale, the insider now owns 42,971 shares of the company's stock, valued at $314,977.43. This trade represents a 53.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rebecca Fisher sold 13,142 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total value of $99,616.36. Following the transaction, the director now owns 108,500 shares in the company, valued at $822,430. This trade represents a 10.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.48% of the company's stock.

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.