Wexford Capital LP bought a new position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 149,410 shares of the company’s stock, valued at approximately $2,207,000. Wexford Capital LP owned about 0.14% of SunOpta at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank lifted its stake in SunOpta by 3,560.8% during the 4th quarter. Toronto Dominion Bank now owns 6,260 shares of the company’s stock valued at $73,000 after acquiring an additional 6,089 shares during the period. Wolff Wiese Magana LLC raised its holdings in shares of SunOpta by 20.0% during the first quarter. Wolff Wiese Magana LLC now owns 6,000 shares of the company’s stock worth $89,000 after purchasing an additional 1,000 shares during the last quarter. Mach 1 Financial Group Inc. acquired a new position in SunOpta during the fourth quarter valued at $94,000. Wells Fargo & Company MN boosted its holdings in SunOpta by 1,007.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,783 shares of the company’s stock valued at $114,000 after purchasing an additional 8,900 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in SunOpta during the 4th quarter worth about $149,000. 68.60% of the stock is owned by institutional investors.
In other news, SVP Chris Whitehair sold 11,018 shares of the business’s stock in a transaction dated Wednesday, May 19th. The shares were sold at an average price of $12.36, for a total transaction of $136,182.48. Following the transaction, the senior vice president now owns 156,633 shares of the company’s stock, valued at approximately $1,935,983.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Rebecca Fisher sold 7,000 shares of the company’s stock in a transaction dated Friday, June 11th. The shares were sold at an average price of $13.56, for a total transaction of $94,920.00. Following the completion of the sale, the director now directly owns 37,403 shares of the company’s stock, valued at approximately $507,184.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 236,036 shares of company stock worth $2,965,146. Insiders own 3.76% of the company’s stock.
Shares of SunOpta stock traded down $0.16 on Wednesday, reaching $12.05. The company’s stock had a trading volume of 15,534 shares, compared to its average volume of 1,072,496. The firm has a market capitalization of $1.26 billion, a P/E ratio of 16.73 and a beta of 2.04. SunOpta Inc. has a 52-week low of $4.38 and a 52-week high of $17.07. The business has a 50-day simple moving average of $12.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 0.88.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, May 12th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $207.64 million for the quarter, compared to analyst estimates of $207.60 million. SunOpta had a net margin of 7.30% and a return on equity of 3.26%. Research analysts expect that SunOpta Inc. will post 0.01 earnings per share for the current year.
A number of analysts have recently commented on STKL shares. Canaccord Genuity began coverage on SunOpta in a research note on Monday, April 19th. They issued a “buy” rating and a $20.00 target price on the stock. Zacks Investment Research upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Friday, May 14th. Finally, Craig Hallum increased their target price on shares of SunOpta from $15.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, March 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $16.40.
SunOpta Company Profile
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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