Ameriprise Financial Inc. Increases Stock Position in SunOpta Inc. (NASDAQ:STKL)

Ameriprise Financial Inc. increased its position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 100.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,741 shares of the company’s stock after acquiring an additional 12,391 shares during the period. Ameriprise Financial Inc.’s holdings in SunOpta were worth $191,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in STKL. Quarry LP purchased a new position in SunOpta in the 4th quarter worth approximately $36,000. D.A. Davidson & CO. purchased a new stake in SunOpta during the 4th quarter valued at $81,000. Quadrant Capital Group LLC raised its stake in SunOpta by 15.2% during the 4th quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company’s stock valued at $112,000 after buying an additional 1,923 shares during the last quarter. Van ECK Associates Corp raised its stake in SunOpta by 64.7% during the 4th quarter. Van ECK Associates Corp now owns 18,070 shares of the company’s stock valued at $139,000 after buying an additional 7,097 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in SunOpta during the 4th quarter valued at $141,000. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th.

Insider Activity

In other news, SVP Bryan P. Clark sold 8,500 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the transaction, the senior vice president now directly owns 28,150 shares in the company, valued at approximately $149,758. This represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

SunOpta Trading Down 0.7%

Shares of SunOpta stock opened at $5.70 on Friday. The company has a market capitalization of $669.99 million, a P/E ratio of -31.66 and a beta of 1.47. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. The company has a fifty day moving average of $5.00 and a 200 day moving average of $6.32. SunOpta Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $201.63 million during the quarter, compared to the consensus estimate of $195.09 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. On average, sell-side analysts anticipate 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.