Tectonic Advisors LLC Has $2.41 Million Holdings in SunOpta Inc. (NASDAQ:STKL)

Tectonic Advisors LLC increased its position in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 17.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 313,411 shares of the company's stock after buying an additional 47,407 shares during the quarter. Tectonic Advisors LLC owned about 0.26% of SunOpta worth $2,413,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of SunOpta by 80.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company's stock valued at $13,579,000 after acquiring an additional 951,462 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of SunOpta by 16.6% during the third quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company's stock worth $35,122,000 after purchasing an additional 782,338 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of SunOpta by 65.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,761,922 shares of the company's stock valued at $13,567,000 after purchasing an additional 698,004 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of SunOpta by 250.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company's stock valued at $4,848,000 after purchasing an additional 542,832 shares during the period. Finally, Millennium Management LLC increased its stake in SunOpta by 52.5% in the 2nd quarter. Millennium Management LLC now owns 1,333,948 shares of the company's stock worth $7,202,000 after purchasing an additional 459,053 shares in the last quarter. Institutional investors own 85.39% of the company's stock.

Insider Activity at SunOpta

In related news, Director Rebecca Fisher sold 13,142 shares of SunOpta stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total transaction of $99,616.36. Following the completion of the sale, the director now owns 108,500 shares of the company's stock, valued at approximately $822,430. This trade represents a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.48% of the stock is currently owned by insiders.

SunOpta Stock Down 0.5 %

NASDAQ STKL traded down $0.04 during trading on Friday, reaching $7.37. 239,758 shares of the company's stock were exchanged, compared to its average volume of 439,479. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. SunOpta Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The company's fifty day simple moving average is $7.57 and its 200-day simple moving average is $6.78. The firm has a market capitalization of $881.82 million, a PE ratio of -40.94 and a beta of 1.79.

Analyst Upgrades and Downgrades

STKL has been the subject of a number of analyst reports. StockNews.com raised shares of SunOpta from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Stephens restated an "overweight" rating and issued a $10.00 price target on shares of SunOpta in a research report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, SunOpta presently has an average rating of "Moderate Buy" and a consensus price target 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.