Arrowstreet Capital Limited Partnership Reduces Holdings in SunOpta Inc. (NASDAQ:STKL)

Arrowstreet Capital Limited Partnership decreased its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 65.1% during the fourth quarter, HoldingsChannel reports. The firm owned 14,701 shares of the company’s stock after selling 27,480 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in SunOpta were worth $113,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of STKL. Ironwood Investment Management LLC raised its position in shares of SunOpta by 1.2% in the 4th quarter. Ironwood Investment Management LLC now owns 132,879 shares of the company’s stock worth $1,023,000 after acquiring an additional 1,549 shares in the last quarter. Quantinno Capital Management LP grew its holdings in SunOpta by 33.1% in the third quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock worth $86,000 after purchasing an additional 3,360 shares during the period. Rhumbline Advisers grew its holdings in SunOpta by 2.5% in the fourth quarter. Rhumbline Advisers now owns 140,310 shares of the company’s stock worth $1,080,000 after purchasing an additional 3,402 shares during the period. Hollencrest Capital Management increased its stake in shares of SunOpta by 29.4% during the fourth quarter. Hollencrest Capital Management now owns 22,000 shares of the company’s stock valued at $169,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of SunOpta by 64.7% in the 4th quarter. Van ECK Associates Corp now owns 18,070 shares of the company’s stock worth $139,000 after purchasing an additional 7,097 shares in the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on STKL shares. StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Stephens reissued an “overweight” rating and set a $10.00 price objective on shares of SunOpta in a research report on Thursday, January 2nd.

SunOpta Trading Up 4.8 %

SunOpta stock opened at $3.92 on Monday. SunOpta Inc. has a one year low of $3.65 and a one year high of $8.11. The business’s fifty day moving average is $5.79 and its 200 day moving average is $6.68. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The stock has a market capitalization of $469.44 million, a PE ratio of -21.78 and a beta of 1.83.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $193.91 million during the quarter, compared to analyst estimates of $189.90 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. On average, sell-side analysts predict that SunOpta Inc. will post 0.13 EPS for the current year.

Insider Buying and Selling at SunOpta

In related news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $5.32, for a total value of $45,220.00. Following the completion of the sale, the senior vice president now owns 28,150 shares of the company’s stock, valued at $149,758. The trade was a 23.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.48% of the company’s stock.

About SunOpta

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.