UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in SunOpta Inc. (NASDAQ:STKL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 72.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,002 shares of the company's stock after selling 232,339 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.07% of SunOpta worth $555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STKL. First Bank & Trust grew its position in shares of SunOpta by 7.9% in the 3rd quarter. First Bank & Trust now owns 25,409 shares of the company's stock worth $162,000 after buying an additional 1,856 shares during the last quarter. Mackenzie Financial Corp raised its stake in SunOpta by 0.9% in the 2nd quarter. Mackenzie Financial Corp now owns 254,678 shares of the company's stock worth $1,370,000 after acquiring an additional 2,155 shares during the last quarter. Creative Planning increased its holdings in shares of SunOpta by 9.3% in the third quarter. Creative Planning now owns 30,716 shares of the company's stock valued at $196,000 after purchasing an additional 2,617 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of SunOpta by 10.5% during the second quarter. The Manufacturers Life Insurance Company now owns 36,958 shares of the company's stock worth $200,000 after purchasing an additional 3,521 shares during the period. Finally, US Bancorp DE boosted its position in SunOpta by 139.3% in the third quarter. US Bancorp DE now owns 8,197 shares of the company's stock valued at $52,000 after buying an additional 4,772 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other SunOpta news, insider Robert Duchscher sold 50,000 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00. Following the completion of the transaction, the insider now directly owns 42,971 shares in the company, valued at approximately $314,977.43. This represents a 53.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rebecca Fisher sold 13,142 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total transaction of $99,616.36. Following the transaction, the director now directly owns 108,500 shares in the company, valued at approximately $822,430. The trade was a 10.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on STKL shares. StockNews.com raised shares of SunOpta from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Stephens raised their target price on shares of SunOpta from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $9.00 price target on shares of SunOpta in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.

SunOpta Stock Performance

Shares of STKL traded up $0.23 during trading hours on Friday, hitting $7.73. The stock had a trading volume of 1,253,884 shares, compared to its average volume of 789,603. The firm has a 50-day moving average price of $7.15 and a 200 day moving average price of $6.29. SunOpta Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The firm has a market capitalization of $923.51 million, a price-to-earnings ratio of -42.94 and a beta of 1.78. 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 data on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The business had revenue of $176.22 million during the quarter, compared to the consensus estimate of $172.30 million. As a group, 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.