Centaurus Financial Inc. boosted its position in SunOpta (NASDAQ:STKL) (TSE:SOY) by 13.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,604 shares of the company’s stock after buying an additional 45,748 shares during the quarter. Centaurus Financial Inc. owned approximately 0.45% of SunOpta worth $2,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in STKL. Virtu Financial LLC bought a new position in shares of SunOpta during the fourth quarter valued at approximately $102,000. Alliancebernstein L.P. bought a new position in SunOpta in the fourth quarter worth $153,000. Two Sigma Securities LLC bought a new position in SunOpta in the fourth quarter worth $154,000. Fox Run Management L.L.C. bought a new position in SunOpta in the fourth quarter worth $162,000. Finally, Franklin Resources Inc. bought a new position in SunOpta in the fourth quarter worth $173,000. Hedge funds and other institutional investors own 82.10% of the company’s stock.
In other news, insider George Miketa bought 25,500 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was acquired at an average cost of $7.25 per share, with a total value of $184,875.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Dean Hollis purchased 25,000 shares of SunOpta stock in a transaction dated Thursday, March 1st. The stock was bought at an average cost of $7.02 per share, with a total value of $175,500.00. Following the completion of the transaction, the director now owns 102,391 shares in the company, valued at approximately $718,784.82. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 54,000 shares of company stock valued at $385,190. 1.75% of the stock is owned by company insiders.
A number of research firms have recently commented on STKL. Zacks Investment Research cut SunOpta from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub cut SunOpta from a “hold” rating to a “sell” rating in a research report on Tuesday, April 24th. Finally, ValuEngine raised SunOpta from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd.
NASDAQ STKL opened at $7.70 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 1.27. SunOpta has a 52 week low of $6.90 and a 52 week high of $7.00.
SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Wednesday, May 9th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $312.65 million for the quarter, compared to analysts’ expectations of $309.40 million. SunOpta had a negative net margin of 10.16% and a negative return on equity of 5.23%. research analysts anticipate that SunOpta will post -0.09 earnings per share for the current fiscal year.
SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, Mexico, and Ethiopia. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.
Receive News & Ratings for SunOpta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunOpta and related companies with MarketBeat.com's FREE daily email newsletter.