Pictet Asset Management Holding SA Sells 139,175 Shares of SunOpta Inc. (NASDAQ:STKL)

Pictet Asset Management Holding SA lowered its position in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 6.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,014,043 shares of the company's stock after selling 139,175 shares during the period. Pictet Asset Management Holding SA owned about 1.68% of SunOpta worth $15,508,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of 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 last quarter. Harbor Capital Advisors Inc. lifted its holdings 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. lifted its stake in SunOpta by 250.1% in 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 last quarter. Hodges Capital Management Inc. lifted its stake in SunOpta by 12.7% in 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 last quarter. Finally, State Street Corp grew its stake in shares of SunOpta by 18.9% during the third quarter. State Street Corp now owns 1,827,273 shares of the company's stock valued at $11,658,000 after buying an additional 290,372 shares during the last quarter. Hedge funds and other institutional investors own 85.39% of the company's stock.

Insider Buying and Selling

In related news, SVP Bryan P. Clark sold 8,500 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the completion of the transaction, the senior vice president now owns 28,150 shares of the company's stock, valued at $149,758. The trade was a 23.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on STKL. Stephens restated an "overweight" rating and set a $10.00 price objective 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 research report on Tuesday, March 11th.

SunOpta Trading Down 8.0 %

Shares of NASDAQ:STKL traded down $0.36 during trading on Friday, reaching $4.12. 826,226 shares of the company were exchanged, compared to its average volume of 745,605. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The firm has a market capitalization of $493.39 million, a PE ratio of -22.89 and a beta of 1.90. The business's fifty day simple moving average is $6.28 and its 200-day simple moving average is $6.82. SunOpta Inc. has a 12-month low of $4.05 and a 12-month high of $8.11.

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, hitting 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 the consensus estimate of $189.90 million. On average, research analysts anticipate 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.