Wealth Enhancement Advisory Services LLC Has $410,000 Position in SunOpta, Inc. (NASDAQ:STKL)

Wealth Enhancement Advisory Services LLC lifted its position in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 120.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,266 shares of the company’s stock after purchasing an additional 46,068 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.07% of SunOpta worth $410,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Stifel Financial Corp acquired a new position in shares of SunOpta during the 4th quarter worth about $326,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of SunOpta during the 4th quarter worth about $733,000. Cetera Investment Advisers increased its stake in shares of SunOpta by 276.9% during the 4th quarter. Cetera Investment Advisers now owns 80,832 shares of the company’s stock worth $622,000 after purchasing an additional 59,384 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of SunOpta during the 4th quarter worth about $1,289,000. Finally, Rhumbline Advisers increased its stake in shares of SunOpta by 5.1% during the 1st quarter. Rhumbline Advisers now owns 147,519 shares of the company’s stock worth $717,000 after purchasing an additional 7,209 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors and hedge funds.

SunOpta Stock Down 0.8%

Shares of STKL opened at $6.09 on Monday. SunOpta, Inc. has a 52 week low of $3.65 and a 52 week high of $8.11. The firm has a market cap of $715.82 million, a P/E ratio of -46.85 and a beta of 1.43. The firm’s 50-day simple moving average is $5.75 and its 200 day simple moving average is $6.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.43 and a current ratio of 0.95.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. SunOpta had a negative net margin of 1.90% and a positive return on equity of 11.65%. The business had revenue of $201.63 million for the quarter, compared to analyst estimates of $195.09 million. On average, analysts forecast that SunOpta, Inc. will post 0.13 earnings per share for the current year.

Analysts Set New Price Targets

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 Buying and Selling

In other news, CEO Brian W. Kocher bought 10,000 shares of the company’s stock in a transaction dated Tuesday, June 10th. The stock was bought at an average price of $5.72 per share, with a total value of $57,200.00. Following the completion of the acquisition, the chief executive officer owned 10,000 shares of the company’s stock, valued at $57,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

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.