Cubist Systematic Strategies LLC Reduces Holdings in SunOpta Inc. (NASDAQ:STKL)

Cubist Systematic Strategies LLC reduced its stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 95.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,900 shares of the company’s stock after selling 107,258 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in SunOpta were worth $38,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new position in shares of SunOpta in the 4th quarter valued at approximately $36,000. D.A. Davidson & CO. purchased a new position in SunOpta during the 4th quarter worth approximately $81,000. Bayesian Capital Management LP raised its position in SunOpta by 15.2% during the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company’s stock worth $89,000 after buying an additional 1,523 shares during the last quarter. Mutual Advisors LLC purchased a new position in SunOpta during the 4th quarter worth approximately $92,000. Finally, Quadrant Capital Group LLC raised its position in SunOpta by 15.2% during the 4th quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company’s stock worth $112,000 after buying an additional 1,923 shares during the last quarter. 85.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SunOpta

In related news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the sale, the senior vice president now owns 28,150 shares of the company’s stock, valued at approximately $149,758. This trade represents a 23.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.

SunOpta Price Performance

NASDAQ:STKL opened at $6.35 on Tuesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The firm has a market cap of $746.39 million, a price-to-earnings ratio of -35.28 and a beta of 1.50. The company has a 50 day moving average price of $4.77 and a 200-day moving average price of $6.44. SunOpta Inc. has a 1-year low of $3.65 and a 1-year high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The firm had revenue of $201.63 million for the quarter, compared to analysts’ expectations of $195.09 million. Equities research analysts forecast that SunOpta Inc. will post 0.13 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th.

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.