Squarepoint Ops LLC acquired a new position in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 27,330 shares of the company’s stock, valued at approximately $106,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC raised its stake in SunOpta by 9.9% in the third quarter. FMR LLC now owns 3,583,533 shares of the company’s stock valued at $26,339,000 after buying an additional 323,483 shares during the last quarter. United Services Automobile Association raised its stake in SunOpta by 76.6% in the fourth quarter. United Services Automobile Association now owns 647,272 shares of the company’s stock valued at $2,505,000 after buying an additional 280,659 shares during the last quarter. Royce & Associates LP raised its stake in SunOpta by 17.3% in the fourth quarter. Royce & Associates LP now owns 1,493,807 shares of the company’s stock valued at $5,781,000 after buying an additional 219,900 shares during the last quarter. Renaissance Technologies LLC raised its stake in SunOpta by 222.4% in the third quarter. Renaissance Technologies LLC now owns 256,430 shares of the company’s stock valued at $1,885,000 after buying an additional 176,900 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in SunOpta by 174.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 211,902 shares of the company’s stock valued at $819,000 after buying an additional 134,700 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

In other news, CEO Lovas Katrina Houde acquired 43,100 shares of SunOpta stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $3.44 per share, for a total transaction of $148,264.00. Following the completion of the purchase, the chief executive officer now directly owns 149,995 shares in the company, valued at approximately $515,982.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Robert Mckeracher acquired 20,000 shares of SunOpta stock in a transaction dated Friday, March 1st. The stock was purchased at an average price of $2.67 per share, with a total value of $53,400.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 253,202 shares of company stock valued at $728,663. 1.75% of the stock is currently owned by company insiders.

A number of equities research analysts have commented on STKL shares. BidaskClub upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th. Zacks Investment Research upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $10.00.

SunOpta stock opened at $3.30 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.20 and a quick ratio of 0.38. SunOpta, Inc. has a one year low of $2.21 and a one year high of $9.10.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Tuesday, February 26th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). SunOpta had a negative net margin of 8.66% and a negative return on equity of 7.85%. The business had revenue of $320.52 million during the quarter, compared to analysts’ expectations of $308.00 million. Research analysts predict that SunOpta, Inc. will post -0.28 EPS for the current year.

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SunOpta Profile

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

Further Reading: Differences Between Momentum Investing and Long Term Investing

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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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