SunOpta, Inc. (STKL) Holdings Cut by Fmr LLC
Fmr LLC reduced its stake in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 3.7% in the 4th quarter, HoldingsChannel reports. The fund owned 3,452,066 shares of the company’s stock after selling 131,467 shares during the quarter. Fmr LLC’s holdings in SunOpta were worth $13,359,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Simplex Trading LLC acquired a new stake in shares of SunOpta in the fourth quarter valued at $45,000. Cutler Group LP increased its stake in shares of SunOpta by 214.8% in the fourth quarter. Cutler Group LP now owns 13,220 shares of the company’s stock valued at $51,000 after buying an additional 9,021 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of SunOpta in the fourth quarter valued at $106,000. Millennium Management LLC acquired a new stake in shares of SunOpta in the fourth quarter valued at $117,000. Finally, Jane Street Group LLC acquired a new stake in shares of SunOpta in the fourth quarter valued at $224,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.
Shares of NASDAQ:STKL opened at $3.33 on Tuesday. SunOpta, Inc. has a twelve month low of $2.21 and a twelve month high of $9.10. The firm has a market capitalization of $291.27 million, a PE ratio of -11.89 and a beta of 1.13. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.20 and a quick ratio of 0.38.
STKL has been the subject of a number of research reports. Zacks Investment Research lowered SunOpta from a “hold” rating to a “sell” rating in a research note on Saturday, January 26th. BidaskClub upgraded SunOpta from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. SunOpta has an average rating of “Hold” and an average price target of $10.00.
In other SunOpta news, Director Richard Dean Hollis bought 100,000 shares of the stock in a transaction dated Thursday, February 28th. The stock was bought at an average cost of $2.68 per share, for a total transaction of $268,000.00. Following the completion of the purchase, the director now owns 230,035 shares in the company, valued at approximately $616,493.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lovas Katrina Houde bought 43,100 shares of the stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $3.44 per share, with a total value of $148,264.00. Following the completion of the purchase, the chief executive officer now owns 149,995 shares of the company’s stock, valued at approximately $515,982.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 253,202 shares of company stock valued at $728,663. 1.75% of the stock is currently owned by corporate insiders.
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.
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