SunOpta Inc. (NASDAQ:STKL) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ cut its holdings in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 46.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 599,143 shares of the company's stock after selling 509,357 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.50% of SunOpta worth $4,583,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quantinno Capital Management LP increased its position in SunOpta by 33.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,522 shares of the company's stock valued at $86,000 after acquiring an additional 3,360 shares during the period. Rhumbline Advisers increased its holdings in shares of SunOpta by 2.5% in the fourth quarter. Rhumbline Advisers now owns 140,310 shares of the company's stock valued at $1,080,000 after purchasing an additional 3,402 shares during the period. US Bancorp DE lifted its holdings in shares of SunOpta by 139.3% during the third quarter. US Bancorp DE now owns 8,197 shares of the company's stock worth $52,000 after purchasing an additional 4,772 shares during the period. Hollencrest Capital Management grew its position in SunOpta by 29.4% in the 4th quarter. Hollencrest Capital Management now owns 22,000 shares of the company's stock valued at $169,000 after buying an additional 5,000 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in SunOpta by 64.7% in the 4th quarter. Van ECK Associates Corp now owns 18,070 shares of the company's stock valued at $139,000 after buying an additional 7,097 shares during the period. 85.39% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of brokerages recently commented on STKL. Stephens restated an "overweight" rating and issued a $10.00 price objective on shares of SunOpta in a research report on Thursday, January 2nd. StockNews.com raised SunOpta from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th.

Insiders Place Their Bets

In related news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $5.32, for a total transaction of $45,220.00. Following the completion of the sale, the senior vice president now owns 28,150 shares in the company, valued at approximately $149,758. This trade represents a 23.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.48% of the stock is currently owned by company insiders.

SunOpta Price Performance

STKL traded down $0.01 on Wednesday, hitting $5.39. 329,383 shares of the company were exchanged, compared to its average volume of 717,609. The business's fifty day moving average is $6.90 and its 200 day moving average is $6.94. SunOpta Inc. has a fifty-two week low of $4.88 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 market capitalization of $645.39 million, a P/E ratio of -29.94 and a beta of 1.90.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its earnings results on Wednesday, February 26th. The company reported $0.06 EPS for the quarter, hitting analysts' consensus estimates 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. As a group, sell-side analysts anticipate that SunOpta Inc. will post 0.13 EPS for the current year.

SunOpta 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.