SunOpta, Inc. (STKL) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 901,530 shares of the company’s stock after selling 30,000 shares during the quarter. Royce & Associates LP owned 1.04% of SunOpta worth $7,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of STKL. South State Corp bought a new position in SunOpta during the second quarter valued at approximately $110,000. Cookson Peirce & Co. Inc. bought a new position in SunOpta during the second quarter valued at approximately $143,000. Tudor Investment Corp ET AL bought a new position in SunOpta during the second quarter valued at approximately $153,000. Marble Harbor Investment Counsel LLC bought a new position in SunOpta during the third quarter valued at approximately $157,000. Finally, Spark Investment Management LLC bought a new position in SunOpta during the second quarter valued at approximately $162,000. 79.28% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on STKL shares. Zacks Investment Research raised shares of SunOpta from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Wednesday, October 11th. Citigroup dropped their price target on shares of SunOpta from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, November 20th. Finally, BidaskClub lowered shares of SunOpta from a “sell” rating to a “strong sell” rating in a research 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 assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $8.88.

In other SunOpta news, Director Richard Dean Hollis purchased 10,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $7.65 per share, for a total transaction of $76,500.00. Following the completion of the purchase, the director now directly owns 73,745 shares of the company’s stock, valued at $564,149.25. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.88% of the stock is owned by insiders.

Shares of SunOpta, Inc. (NASDAQ:STKL) opened at $7.90 on Friday. 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 52 week low of $6.00 and a 52 week high of $10.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04). SunOpta had a negative return on equity of 2.98% and a negative net margin of 3.99%. The business had revenue of $320.71 million for the quarter, compared to analyst estimates of $335.68 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. sell-side analysts expect that SunOpta, Inc. will post -0.09 EPS for the current year.

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SunOpta 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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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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