Advisory Research Inc. purchased a new position in shares of SunOpta Inc. (NASDAQ:STKL – Get Rating) (TSE:SOY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 133,141 shares of the company’s stock, valued at approximately $1,211,000. Advisory Research Inc. owned approximately 0.12% of SunOpta as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in STKL. Driehaus Capital Management LLC purchased a new stake in SunOpta during the second quarter worth $14,936,000. Royal Bank of Canada raised its position in SunOpta by 5,847.3% during the first quarter. Royal Bank of Canada now owns 1,365,254 shares of the company’s stock worth $6,853,000 after acquiring an additional 1,342,298 shares during the period. Woodline Partners LP raised its position in SunOpta by 106.9% during the second quarter. Woodline Partners LP now owns 2,483,082 shares of the company’s stock worth $19,318,000 after acquiring an additional 1,283,001 shares during the period. State Street Corp raised its position in SunOpta by 3,256.3% during the second quarter. State Street Corp now owns 1,240,051 shares of the company’s stock worth $9,648,000 after acquiring an additional 1,203,104 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in SunOpta during the third quarter worth $8,286,000. 74.11% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, SVP Mike Buick sold 7,000 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $7.80, for a total transaction of $54,600.00. Following the completion of the sale, the senior vice president now directly owns 146,519 shares in the company, valued at $1,142,848.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.68% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
SunOpta Price Performance
Shares of NASDAQ STKL opened at $8.05 on Wednesday. The firm has a 50-day simple moving average of $8.11 and a 200-day simple moving average of $9.00. The company has a current ratio of 1.88, a quick ratio of 0.59 and a debt-to-equity ratio of 0.85. SunOpta Inc. has a 52 week low of $4.59 and a 52 week high of $11.67.
SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) last issued its earnings results on Wednesday, March 1st. The company reported $0.02 EPS for the quarter. The business had revenue of $221.29 million during the quarter, compared to analysts’ expectations of $220.60 million. SunOpta had a negative net margin of 0.61% and a positive return on equity of 2.61%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. Equities research analysts predict that SunOpta Inc. will post 0.01 EPS for the current year.
About SunOpta
SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.
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