Harbor Capital Advisors Inc. Has $13.57 Million Position in SunOpta Inc. (NASDAQ:STKL)

Harbor Capital Advisors Inc. increased its holdings in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 65.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,761,922 shares of the company's stock after purchasing an additional 698,004 shares during the period. SunOpta makes up approximately 0.6% of Harbor Capital Advisors Inc.'s holdings, making the stock its 28th largest position. Harbor Capital Advisors Inc. owned 1.47% of SunOpta worth $13,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE grew its holdings in shares of SunOpta by 139.3% during the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company's stock worth $52,000 after purchasing an additional 4,772 shares in the last quarter. Ballentine Partners LLC bought a new stake in SunOpta in the 2nd quarter valued at $60,000. MQS Management LLC acquired a new position in shares of SunOpta in the 2nd quarter valued at $63,000. EP Wealth Advisors LLC acquired a new stake in shares of SunOpta during the 3rd quarter valued at about $79,000. Finally, Tealwood Asset Management Inc. acquired a new position in SunOpta in the third quarter worth about $80,000. Institutional investors and hedge funds own 85.39% of the company's stock.

SunOpta Price Performance

Shares of NASDAQ STKL traded down $0.06 during trading on Friday, reaching $7.27. The company had a trading volume of 526,947 shares, compared to its average volume of 504,691. SunOpta Inc. has a 52 week low of $4.88 and a 52 week high of $8.11. The business's 50 day moving average price is $7.61 and its 200-day moving average price is $6.49. The stock has a market cap of $869.07 million, a PE ratio of -40.39 and a beta of 1.80. 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, meeting the consensus estimate of $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The business had revenue of $176.22 million for the quarter, compared to analyst estimates of $172.30 million. Analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In other SunOpta news, insider Robert Duchscher sold 50,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $7.33, for a total value of $366,500.00. Following the completion of the sale, the insider now directly owns 42,971 shares in the company, valued at $314,977.43. This represents a 53.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rebecca Fisher sold 13,142 shares of SunOpta stock in a transaction dated 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. Company insiders own 6.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on STKL shares. StockNews.com raised SunOpta from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. DA Davidson reiterated a "buy" rating and set a $9.00 price objective on shares of SunOpta in a research note on Thursday, October 10th. Finally, Stephens reaffirmed an "overweight" rating and issued a $10.00 target price on shares of SunOpta in a report on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, SunOpta has an average rating of "Moderate Buy" and a consensus target price of $9.50.

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.