Pictet Asset Management Holding SA Has $15.51 Million Stake in SunOpta Inc. (NASDAQ:STKL)

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

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in SunOpta by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 2,207,838 shares of the company's stock valued at $17,002,000 after purchasing an additional 71,116 shares during the period. American Century Companies Inc. grew its position in shares of SunOpta by 145.4% in the 4th quarter. American Century Companies Inc. now owns 226,785 shares of the company's stock valued at $1,751,000 after buying an additional 134,368 shares during the last quarter. Cibc World Markets Corp increased its stake in shares of SunOpta by 2.2% in the fourth quarter. Cibc World Markets Corp now owns 408,832 shares of the company's stock valued at $3,148,000 after buying an additional 8,832 shares during the period. Royce & Associates LP raised its position in shares of SunOpta by 12.5% during the fourth quarter. Royce & Associates LP now owns 1,731,276 shares of the company's stock worth $13,331,000 after acquiring an additional 192,780 shares during the last quarter. Finally, Ironwood Investment Management LLC lifted its stake in shares of SunOpta by 1.2% in the fourth quarter. Ironwood Investment Management LLC now owns 132,879 shares of the company's stock worth $1,023,000 after acquiring an additional 1,549 shares during the period. Institutional investors own 85.39% of the company's stock.

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Insider Buying and Selling

In other news, SVP Bryan P. Clark sold 8,500 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the transaction, the senior vice president now owns 28,150 shares in the company, valued at approximately $149,758. This represents a 23.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.48% of the stock is owned by insiders.

Analyst Ratings Changes

STKL has been the subject of a number of recent analyst reports. StockNews.com raised shares of SunOpta from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Stephens reaffirmed an "overweight" rating and issued a $10.00 price objective on shares of SunOpta in a research note on Thursday, January 2nd.

SunOpta Trading Down 4.9 %

Shares of NASDAQ:STKL traded down $0.23 during midday trading on Thursday, reaching $4.48. The company's stock had a trading volume of 1,124,347 shares, compared to its average volume of 743,956. SunOpta Inc. has a fifty-two week low of $4.38 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. The firm has a 50 day moving average price of $6.40 and a two-hundred day moving average price of $6.86. The firm has a market capitalization of $536.50 million, a price-to-earnings ratio of -24.89 and a beta of 1.90.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $193.91 million for the quarter, compared to analyst estimates of $189.90 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. As a group, analysts forecast that SunOpta Inc. will post 0.13 earnings per share for the current year.

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.