Overbrook Management Corp Has $3.73 Million Stake in SunOpta, Inc. (NASDAQ:STKL)

Overbrook Management Corp lowered its stake in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 15.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,076,631 shares of the company’s stock after selling 189,871 shares during the period. SunOpta makes up approximately 0.8% of Overbrook Management Corp’s holdings, making the stock its 26th largest holding. Overbrook Management Corp’s holdings in SunOpta were worth $3,725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STKL. Cutler Group LP boosted its position in SunOpta by 214.8% during the 4th quarter. Cutler Group LP now owns 13,220 shares of the company’s stock valued at $51,000 after acquiring an additional 9,021 shares in the last quarter. Hollencrest Capital Management bought a new stake in SunOpta during the 1st quarter valued at approximately $87,000. Squarepoint Ops LLC bought a new stake in SunOpta during the 4th quarter valued at approximately $106,000. Millennium Management LLC bought a new stake in SunOpta during the 4th quarter valued at approximately $117,000. Finally, JPMorgan Chase & Co. boosted its position in SunOpta by 65.5% during the 1st quarter. JPMorgan Chase & Co. now owns 35,123 shares of the company’s stock valued at $121,000 after acquiring an additional 13,900 shares in the last quarter. Hedge funds and other institutional investors own 79.31% of the company’s stock.

Shares of STKL traded down $0.04 during mid-day trading on Wednesday, reaching $3.78. The company had a trading volume of 4,595 shares, compared to its average volume of 513,198. The company has a quick ratio of 0.43, a current ratio of 1.30 and a debt-to-equity ratio of 1.86. SunOpta, Inc. has a 52 week low of $2.21 and a 52 week high of $9.10. The stock has a market cap of $333.26 million, a P/E ratio of -13.50 and a beta of 0.92.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). SunOpta had a negative return on equity of 10.69% and a negative net margin of 6.32%. The firm had revenue of $305.28 million for the quarter, compared to analysts’ expectations of $308.10 million. On average, equities analysts anticipate that SunOpta, Inc. will post -0.3 EPS for the current year.

In related news, CEO Joseph Ennen purchased 50,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average cost of $4.19 per share, with a total value of $209,500.00. Following the transaction, the chief executive officer now directly owns 104,000 shares in the company, valued at approximately $435,760. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders bought 215,000 shares of company stock worth $920,050. Insiders own 2.16% of the company’s stock.

STKL has been the topic of several research reports. Zacks Investment Research raised SunOpta from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 1st. BidaskClub raised SunOpta from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Finally, ValuEngine raised SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, May 18th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. SunOpta has an average rating of “Hold” and a consensus target price of $10.00.

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SunOpta Profile

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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