Scotia Capital Inc. Has $183,000 Stock Position in SunOpta Inc. (NASDAQ:STKL)

Scotia Capital Inc. lowered its stake in SunOpta Inc. (NASDAQ:STKLFree Report) (TSE:SOY) by 16.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,680 shares of the company’s stock after selling 6,485 shares during the quarter. Scotia Capital Inc.’s holdings in SunOpta were worth $183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of STKL. Victory Capital Management Inc. increased its position in shares of SunOpta by 19.7% in the third quarter. Victory Capital Management Inc. now owns 126,970 shares of the company’s stock valued at $428,000 after acquiring an additional 20,883 shares during the last quarter. Barclays PLC grew its holdings in SunOpta by 66.4% during the third quarter. Barclays PLC now owns 97,260 shares of the company’s stock worth $328,000 after purchasing an additional 38,810 shares during the period. Quantbot Technologies LP grew its holdings in SunOpta by 309.5% during the third quarter. Quantbot Technologies LP now owns 22,410 shares of the company’s stock worth $76,000 after purchasing an additional 16,937 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in SunOpta during the third quarter worth about $394,000. Finally, Blair William & Co. IL grew its holdings in SunOpta by 1.0% during the third quarter. Blair William & Co. IL now owns 1,129,210 shares of the company’s stock worth $3,805,000 after purchasing an additional 11,499 shares during the period. Institutional investors and hedge funds own 85.39% of the company’s stock.

SunOpta Trading Down 0.8 %

Shares of NASDAQ:STKL opened at $6.03 on Thursday. SunOpta Inc. has a 12-month low of $2.79 and a 12-month high of $7.59. The business has a 50 day moving average of $6.02 and a 200-day moving average of $5.87. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.63 and a current ratio of 1.22.

SunOpta (NASDAQ:STKLGet Free Report) (TSE:SOY) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. SunOpta had a positive return on equity of 2.50% and a negative net margin of 24.00%. The company had revenue of $182.80 million during the quarter, compared to analysts’ expectations of $168.87 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. On average, equities analysts predict that SunOpta Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Canaccord Genuity Group lifted their price target on SunOpta from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. BMO Capital Markets lifted their price target on SunOpta from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Finally, DA Davidson lifted their price target on SunOpta from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.40.

View Our Latest Stock Report on STKL

Insider Activity at SunOpta

In related news, insider Joseph Ennen sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $6.89, for a total value of $1,033,500.00. Following the completion of the sale, the insider now directly owns 1,743,399 shares in the company, valued at $12,012,019.11. The sale was disclosed in a filing with the SEC, which is available at this link. 6.48% of the stock is currently owned by corporate insiders.

About SunOpta

(Free Report)

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.

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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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