Skandinaviska Enskilda Banken AB publ Decreases Stock Holdings in SunOpta Inc. (NASDAQ:STKL)

Skandinaviska Enskilda Banken AB publ trimmed its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 46.0% during the fourth quarter, HoldingsChannel reports. The firm owned 599,143 shares of the company’s stock after selling 509,357 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in SunOpta were worth $4,583,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Rockefeller Capital Management L.P. lifted its stake in SunOpta by 16.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock worth $35,122,000 after purchasing an additional 782,338 shares in the last quarter. Hodges Capital Management Inc. raised its position in shares of SunOpta by 1.2% during the 4th quarter. Hodges Capital Management Inc. now owns 3,646,861 shares of the company’s stock valued at $28,081,000 after buying an additional 42,232 shares during the period. Geode Capital Management LLC raised its position in shares of SunOpta by 80.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock valued at $13,579,000 after buying an additional 951,462 shares during the period. State Street Corp raised its position in shares of SunOpta by 18.9% during 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 period. Finally, Harbor Capital Advisors Inc. raised its position in shares of SunOpta by 65.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,761,922 shares of the company’s stock valued at $13,567,000 after buying an additional 698,004 shares during the period. 85.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $10.00 price target 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 report on Tuesday, March 11th.

SunOpta Stock Up 1.5 %

SunOpta stock opened at $5.40 on Friday. SunOpta Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. The firm has a 50 day moving average price of $6.98 and a 200 day moving average price of $6.94. The company has a market capitalization of $646.59 million, a PE ratio of -30.00 and a beta of 1.90.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The firm had revenue of $193.91 million during the quarter, compared to the consensus estimate of $189.90 million. Research analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current year.

Insider Activity at SunOpta

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the completion of the transaction, the senior vice president now owns 28,150 shares in the company, valued at $149,758. The trade was a 23.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.48% of the stock is owned by 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.