SunOpta Inc. (NASDAQ:STKL) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 4.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,664,244 shares of the company’s stock after selling 72,778 shares during the period. Blair William & Co. IL’s holdings in SunOpta were worth $12,815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in STKL. EP Wealth Advisors LLC acquired a new position in SunOpta during the third quarter worth about $79,000. D.A. Davidson & CO. purchased a new position in shares of SunOpta during the 4th quarter worth approximately $81,000. Paloma Partners Management Co acquired a new position in shares of SunOpta during the 3rd quarter worth approximately $85,000. Quantinno Capital Management LP lifted its stake in SunOpta by 33.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock valued at $86,000 after buying an additional 3,360 shares in the last quarter. Finally, Mutual Advisors LLC purchased a new stake in SunOpta in the 4th quarter valued at approximately $92,000. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SunOpta

In other news, SVP Bryan P. Clark sold 8,500 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the transaction, the senior vice president now directly owns 28,150 shares in the company, valued at $149,758. This represents a 23.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.48% of the stock is owned by company insiders.

SunOpta Stock Down 3.4 %

STKL stock opened at $4.86 on Friday. The company has a 50 day moving average price of $6.55 and a two-hundred day moving average price of $6.89. 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 stock has a market capitalization of $582.01 million, a P/E ratio of -27.00 and a beta of 1.90. SunOpta Inc. has a one year low of $4.83 and a one year high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $193.91 million during the quarter, compared to the consensus estimate of $189.90 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. As a group, sell-side analysts expect that SunOpta Inc. will post 0.13 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on STKL. Stephens reissued an “overweight” rating and set a $10.00 price target on shares of SunOpta in a research report on Thursday, January 2nd. StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th.

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.