GSA Capital Partners LLP cut its holdings in SunOpta (NASDAQ:STKL) (TSE:SOY) by 64.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,650 shares of the company’s stock after selling 85,000 shares during the quarter. GSA Capital Partners LLP owned 0.05% of SunOpta worth $331,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Centaurus Financial Inc. boosted its stake in shares of SunOpta by 13.3% in the first quarter. Centaurus Financial Inc. now owns 390,604 shares of the company’s stock valued at $2,773,000 after buying an additional 45,748 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of SunOpta in the first quarter valued at approximately $1,065,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of SunOpta by 2.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,666,347 shares of the company’s stock valued at $11,851,000 after buying an additional 38,478 shares in the last quarter. Ardsley Advisory Partners boosted its stake in shares of SunOpta by 7.8% in the fourth quarter. Ardsley Advisory Partners now owns 2,548,400 shares of the company’s stock valued at $19,750,000 after buying an additional 183,400 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of SunOpta in the fourth quarter valued at approximately $154,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.
STKL opened at $8.35 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. The firm has a market cap of $729.84 million, a price-to-earnings ratio of -59.64 and a beta of 1.37. SunOpta has a one year low of $6.27 and a one year high of $10.20.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Wednesday, May 9th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ 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 return on equity of 5.23% and a negative net margin of 10.16%. equities analysts anticipate that SunOpta will post -0.09 earnings per share for the current year.
In other news, SVP Mike Buick bought 4,200 shares of the firm’s stock in a transaction on Thursday, May 31st. The shares were bought at an average cost of $8.22 per share, for a total transaction of $34,524.00. Following the completion of the transaction, the senior vice president now owns 14,785 shares in the company, valued at $121,532.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.75% of the stock is currently owned by insiders.
STKL has been the topic of a number of analyst reports. ValuEngine downgraded SunOpta from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. BidaskClub upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, May 19th. Citigroup boosted their target price on SunOpta from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, June 19th. Finally, Zacks Investment Research upgraded SunOpta from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 3rd.
SunOpta Company Profile
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.
Want to see what other hedge funds are holding STKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SunOpta (NASDAQ:STKL) (TSE:SOY).
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.