SunOpta, Inc. $STKL Shares Sold by Signaturefd LLC

Signaturefd LLC cut its holdings in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 21.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,522 shares of the company’s stock after selling 3,343 shares during the period. Signaturefd LLC’s holdings in SunOpta were worth $73,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of STKL. Wealth Enhancement Advisory Services LLC increased its holdings in shares of SunOpta by 120.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 84,266 shares of the company’s stock valued at $410,000 after acquiring an additional 46,068 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in SunOpta by 30.7% in the first quarter. Peregrine Capital Management LLC now owns 1,084,518 shares of the company’s stock valued at $5,271,000 after purchasing an additional 254,800 shares in the last quarter. Rhumbline Advisers increased its stake in SunOpta by 5.1% in the first quarter. Rhumbline Advisers now owns 147,519 shares of the company’s stock valued at $717,000 after purchasing an additional 7,209 shares during the last quarter. Mackenzie Financial Corp raised its holdings in SunOpta by 20.6% during the first quarter. Mackenzie Financial Corp now owns 337,523 shares of the company’s stock worth $1,637,000 after purchasing an additional 57,688 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its position in shares of SunOpta by 203.6% during the 1st quarter. Wesbanco Bank Inc. now owns 193,100 shares of the company’s stock worth $938,000 after buying an additional 129,500 shares during the last quarter. 85.39% of the stock is owned by hedge funds and other institutional investors.

SunOpta Price Performance

STKL stock opened at $6.04 on Monday. The firm has a 50 day moving average of $6.15 and a 200-day moving average of $5.67. The company has a market cap of $729.27 million, a price-to-earnings ratio of -100.67 and a beta of 1.40. The company has a current ratio of 0.96, a quick ratio of 0.39 and a debt-to-equity ratio of 1.46. SunOpta, Inc. has a 12-month low of $3.64 and a 12-month high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $191.49 million during the quarter, compared to the consensus estimate of $185.36 million. SunOpta had a positive return on equity of 12.82% and a negative net margin of 0.66%. As a group, equities analysts expect that SunOpta, Inc. will post 0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SunOpta in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.50.

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.