Aigen Investment Management LP Acquires New Shares in SunOpta Inc. (NASDAQ:STKL)

Aigen Investment Management LP acquired a new stake in SunOpta Inc. (NASDAQ:STKL – Get Rating) (TSE:SOY) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,974 shares of the company’s stock, valued at approximately $115,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. National Bank of Canada FI purchased a new position in SunOpta in the fourth quarter valued at about $56,000. Shell Asset Management Co. grew its stake in SunOpta by 35.0% in the fourth quarter. Shell Asset Management Co. now owns 8,092 shares of the company’s stock valued at $56,000 after purchasing an additional 2,096 shares during the last quarter. GSA Capital Partners LLP purchased a new position in SunOpta in the fourth quarter valued at about $81,000. Smith Moore & CO. purchased a new position in SunOpta in the fourth quarter valued at about $83,000. Finally, Cornerstone Capital Inc. grew its stake in SunOpta by 23.7% in the fourth quarter. Cornerstone Capital Inc. now owns 13,580 shares of the company’s stock valued at $94,000 after purchasing an additional 2,600 shares during the last quarter. 74.13% of the stock is currently owned by institutional investors.

Insider Activity at SunOpta

In related news, insider David Largey sold 6,788 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $7.14, for a total value of $48,466.32. Following the sale, the insider now owns 71,355 shares in the company, valued at $509,474.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Chris Whitehair bought 6,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were purchased at an average price of $7.45 per share, for a total transaction of $49,170.00. Following the completion of the transaction, the senior vice president now directly owns 147,887 shares in the company, valued at $1,101,758.15. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Largey sold 6,788 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $7.14, for a total value of $48,466.32. Following the completion of the sale, the insider now owns 71,355 shares in the company, valued at approximately $509,474.70. The disclosure for this sale can be found here. 4.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on STKL shares. TheStreet upgraded SunOpta from a “d+” rating to a “c-” rating in a research note on Thursday, May 12th. StockNews.com lowered SunOpta from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th.

SunOpta Price Performance

Shares of STKL stock opened at $9.01 on Friday. SunOpta Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.01. The firm has a market capitalization of $982.57 million, a price-to-earnings ratio of -180.20 and a beta of 1.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 2.08. The stock’s 50-day simple moving average is $8.22 and its 200-day simple moving average is $6.43.

SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) last issued its quarterly earnings results on Wednesday, May 11th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. SunOpta had a positive return on equity of 0.52% and a negative net margin of 0.19%. The business had revenue of $240.17 million for the quarter, compared to analyst estimates of $224.58 million. As a group, equities analysts forecast that SunOpta Inc. will post 0.03 earnings per share for the current fiscal year.

SunOpta Profile

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SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.