Cetera Investment Advisers Purchases 9,865 Shares of SunOpta, Inc. $STKL

Cetera Investment Advisers raised its position in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 12.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,697 shares of the company’s stock after purchasing an additional 9,865 shares during the quarter. Cetera Investment Advisers owned 0.08% of SunOpta worth $441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of STKL. Granahan Investment Management LLC grew its stake in shares of SunOpta by 26.9% in the fourth quarter. Granahan Investment Management LLC now owns 2,782,215 shares of the company’s stock worth $21,423,000 after acquiring an additional 589,485 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in SunOpta during the fourth quarter valued at approximately $4,027,000. Woodline Partners LP grew its position in SunOpta by 26.2% during the fourth quarter. Woodline Partners LP now owns 1,541,019 shares of the company’s stock valued at $11,866,000 after buying an additional 320,284 shares during the period. Riverwater Partners LLC bought a new stake in SunOpta during the first quarter valued at approximately $1,410,000. Finally, Peregrine Capital Management LLC grew its position in SunOpta by 30.7% during the first quarter. Peregrine Capital Management LLC now owns 1,084,518 shares of the company’s stock valued at $5,271,000 after buying an additional 254,800 shares during the period. 85.39% of the stock is currently owned by institutional investors.

SunOpta Stock Performance

Shares of NASDAQ STKL opened at $6.13 on Monday. The firm has a 50 day moving average of $6.08 and a 200 day moving average of $5.77. The company has a current ratio of 0.96, a quick ratio of 0.39 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $720.53 million, a price-to-earnings ratio of -102.17 and a beta of 1.32. SunOpta, Inc. has a 12-month low of $3.64 and a 12-month high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. The company had revenue of $191.49 million during the quarter, compared to analyst estimates of $185.36 million. On average, research analysts anticipate that SunOpta, Inc. will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Brian W. Kocher purchased 10,000 shares of the stock in a transaction on Tuesday, June 10th. The shares were acquired 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 directly owned 10,000 shares of the company’s stock, valued at $57,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

SunOpta 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.