SunOpta, Inc. (STKL) Director Purchases $76,500.00 in Stock
SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) Director Richard Dean Hollis purchased 10,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was acquired at an average cost of $7.65 per share, with a total value of $76,500.00. Following the completion of the acquisition, the director now directly owns 73,745 shares in the company, valued at approximately $564,149.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of SunOpta, Inc. (NASDAQ STKL) opened at $7.45 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.32 and a debt-to-equity ratio of 0.64. SunOpta, Inc. has a 52 week low of $6.00 and a 52 week high of $10.20.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). SunOpta had a negative net margin of 3.99% and a negative return on equity of 2.98%. The firm had revenue of $320.71 million for the quarter, compared to analysts’ expectations of $335.68 million. During the same period in the prior year, the company posted $0.07 earnings per share. SunOpta’s quarterly revenue was down 8.0% compared to the same quarter last year. analysts forecast that SunOpta, Inc. will post -0.09 earnings per share for the current fiscal year.
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STKL has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of SunOpta from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Saturday, July 22nd. BidaskClub downgraded shares of SunOpta from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. SunOpta currently has an average rating of “Hold” and an average price target of $9.50.
A number of hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in SunOpta by 7.3% during the second quarter. FMR LLC now owns 3,808,406 shares of the company’s stock valued at $38,845,000 after buying an additional 258,960 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of SunOpta by 21.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,197,138 shares of the company’s stock valued at $19,115,000 after purchasing an additional 381,000 shares during the period. Nicholas Investment Partners LP increased its holdings in shares of SunOpta by 48.6% in the 3rd quarter. Nicholas Investment Partners LP now owns 1,046,417 shares of the company’s stock valued at $9,104,000 after purchasing an additional 342,419 shares during the period. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of SunOpta in the 2nd quarter valued at about $6,028,000. Finally, Montag A & Associates Inc. increased its holdings in shares of SunOpta by 88.9% in the 2nd quarter. Montag A & Associates Inc. now owns 580,648 shares of the company’s stock valued at $5,923,000 after purchasing an additional 273,277 shares during the period. 79.22% of the stock is owned by institutional investors.
SunOpta Company Profile
Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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