SunOpta, Inc. (STKL) Holdings Lifted by New York State Common Retirement Fund
New York State Common Retirement Fund boosted its stake in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 94.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,171 shares of the company’s stock after buying an additional 23,345 shares during the quarter. New York State Common Retirement Fund owned 0.06% of SunOpta worth $491,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Janus Capital Management LLC grew its position in shares of SunOpta by 1.4% in the first quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock valued at $103,000 after purchasing an additional 211 shares during the last quarter. Atria Investments LLC acquired a new stake in shares of SunOpta in the second quarter valued at approximately $104,000. South State Corp acquired a new stake in shares of SunOpta in the second quarter valued at approximately $110,000. Spark Investment Management LLC acquired a new stake in shares of SunOpta in the second quarter valued at approximately $162,000. Finally, Marshall Wace LLP acquired a new stake in shares of SunOpta in the second quarter valued at approximately $165,000. Institutional investors own 79.22% of the company’s stock.
In other SunOpta news, CFO Robert Mckeracher sold 36,533 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $8.41, for a total transaction of $307,242.53. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO John Ruelle sold 38,361 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $8.75, for a total transaction of $335,658.75. Following the transaction, the chief accounting officer now directly owns 38,361 shares in the company, valued at approximately $335,658.75. The disclosure for this sale can be found here. Corporate insiders own 1.88% of the company’s stock.
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Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of SunOpta from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Saturday, July 22nd. BidaskClub lowered shares of SunOpta from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One equities 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 stock. SunOpta has an average rating of “Hold” and a consensus target price of $9.50.
SunOpta, Inc. (STKL) opened at $7.00 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.45 and a current ratio of 1.32. SunOpta, Inc. has a one year low of $6.00 and a one year high of $10.20.
SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $320.71 million for the quarter, compared to analysts’ expectations of $335.68 million. SunOpta had a negative net margin of 3.99% and a negative return on equity of 2.98%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. analysts expect that SunOpta, Inc. will post -0.09 earnings per share for the current year.
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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