SunOpta Inc. (NASDAQ:STKL) Position Boosted by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 65.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,761,922 shares of the company’s stock after buying an additional 698,004 shares during the period. SunOpta comprises about 0.6% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 28th biggest holding. Harbor Capital Advisors Inc. owned 1.47% of SunOpta worth $13,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in STKL. Charles Schwab Investment Management Inc. grew its stake in SunOpta by 250.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock valued at $4,848,000 after buying an additional 542,832 shares during the last quarter. PDT Partners LLC bought a new stake in SunOpta during the 3rd quarter valued at approximately $726,000. State Street Corp grew its holdings in SunOpta by 18.9% in the 3rd quarter. State Street Corp now owns 1,827,273 shares of the company’s stock valued at $11,658,000 after buying an additional 290,372 shares during the last quarter. Barclays PLC increased its position in SunOpta by 103.3% in the 3rd quarter. Barclays PLC now owns 178,954 shares of the company’s stock worth $1,142,000 after buying an additional 90,937 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of SunOpta by 80.9% during the third quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock worth $13,579,000 after buying an additional 951,462 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

Insider Buying and Selling

In other SunOpta news, Director Rebecca Fisher sold 13,142 shares of SunOpta stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total value of $99,616.36. Following the transaction, the director now owns 108,500 shares of the company’s stock, valued at approximately $822,430. The trade was a 10.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Duchscher sold 50,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00. Following the completion of the sale, the insider now directly owns 42,971 shares in the company, valued at $314,977.43. This represents a 53.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. DA Davidson reissued a “buy” rating and issued a $9.00 target price on shares of SunOpta in a research note on Thursday, October 10th. Finally, Stephens reaffirmed an “overweight” rating and issued a $10.00 target price on shares of SunOpta in a report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.50.

SunOpta Trading Down 1.5 %

Shares of STKL traded down $0.11 during trading hours on Friday, hitting $7.22. 220,376 shares of the stock traded hands, compared to its average volume of 451,463. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. SunOpta Inc. has a 1-year low of $4.88 and a 1-year high of $8.11. The firm has a market capitalization of $863.09 million, a PE ratio of -40.11 and a beta of 1.80. The business has a fifty day moving average of $7.61 and a 200-day moving average of $6.49.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The business had revenue of $176.22 million during the quarter, compared to analysts’ expectations of $172.30 million. Analysts expect that SunOpta Inc. will post 0.13 EPS for the current year.

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.