Arrowstreet Capital Limited Partnership Sells 27,480 Shares of SunOpta Inc. (NASDAQ:STKL)

Arrowstreet Capital Limited Partnership reduced its position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 65.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,701 shares of the company’s stock after selling 27,480 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in SunOpta were worth $113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EP Wealth Advisors LLC bought a new position in shares of SunOpta in the third quarter valued at approximately $79,000. D.A. Davidson & CO. bought a new position in SunOpta during the fourth quarter valued at about $81,000. Quantinno Capital Management LP raised its position in SunOpta by 33.1% in the third quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock worth $86,000 after acquiring an additional 3,360 shares during the period. Mutual Advisors LLC purchased a new position in SunOpta in the fourth quarter valued at about $92,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in shares of SunOpta in the 4th quarter worth approximately $116,000. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stephens reissued an “overweight” rating and issued a $10.00 price objective on shares of SunOpta in a report on Thursday, January 2nd. StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th.

Insider Activity

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the transaction, the senior vice president now directly owns 28,150 shares in the company, valued at $149,758. This trade represents a 23.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.48% of the company’s stock.

SunOpta Stock Up 4.8 %

Shares of NASDAQ STKL opened at $3.92 on Monday. The business has a 50-day moving average of $5.79 and a 200-day moving average of $6.68. The firm has a market capitalization of $469.44 million, a price-to-earnings ratio of -21.78 and a beta of 1.83. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. SunOpta Inc. has a 12 month low of $3.65 and a 12 month high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The firm had revenue of $193.91 million for the quarter, compared to analysts’ expectations of $189.90 million. Sell-side analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

SunOpta Company Profile

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.