SG Americas Securities LLC Has $7.80 Million Stake in SunOpta Inc. (NASDAQ:STKL)

SG Americas Securities LLC lifted its position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,012,814 shares of the company’s stock after purchasing an additional 10,582 shares during the quarter. SG Americas Securities LLC’s holdings in SunOpta were worth $7,799,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. First Bank & Trust boosted its position in SunOpta by 7.9% during the third quarter. First Bank & Trust now owns 25,409 shares of the company’s stock valued at $162,000 after acquiring an additional 1,856 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of SunOpta by 0.9% during the 2nd quarter. Mackenzie Financial Corp now owns 254,678 shares of the company’s stock valued at $1,370,000 after purchasing an additional 2,155 shares in the last quarter. Creative Planning grew its stake in SunOpta by 9.3% during the third quarter. Creative Planning now owns 30,716 shares of the company’s stock worth $196,000 after purchasing an additional 2,617 shares during the period. Quantinno Capital Management LP increased its holdings in SunOpta by 33.1% in the third quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock worth $86,000 after purchasing an additional 3,360 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in SunOpta by 10.5% in the second quarter. The Manufacturers Life Insurance Company now owns 36,958 shares of the company’s stock valued at $200,000 after buying an additional 3,521 shares during the period. Institutional investors own 85.39% of the company’s stock.

SunOpta Stock Up 0.8 %

Shares of NASDAQ:STKL opened at $7.26 on Friday. The stock’s 50 day moving average is $7.63 and its 200-day moving average is $6.62. SunOpta Inc. has a twelve month low of $4.88 and a twelve month high of $8.11. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $176.22 million for the quarter, compared to analyst estimates of $172.30 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. As a group, equities research analysts predict that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at SunOpta

In other news, Director Rebecca Fisher sold 13,142 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 in the company, valued at $822,430. This trade represents a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Duchscher sold 50,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $7.33, for a total value of $366,500.00. Following the sale, the insider now owns 42,971 shares of the company’s stock, valued at $314,977.43. This trade represents a 53.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on STKL. Stephens reaffirmed an “overweight” rating and set a $10.00 price objective on shares of SunOpta in a research report on Thursday, January 2nd. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, DA Davidson reissued a “buy” rating and set a $9.00 price objective on shares of SunOpta in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

About SunOpta

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.