TimesSquare Capital Management LLC Invests $19.27 Million in SunOpta, Inc. (STKL) Stock

TimesSquare Capital Management LLC bought a new stake in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,486,510 shares of the company’s stock, valued at approximately $19,270,000. TimesSquare Capital Management LLC owned 2.87% of SunOpta at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in STKL. Oaktree Capital Management LP lifted its holdings in SunOpta by 84.2% during the 4th quarter. Oaktree Capital Management LP now owns 8,092,699 shares of the company’s stock worth $62,718,000 after buying an additional 3,700,000 shares during the last quarter. Alyeska Investment Group L.P. increased its position in 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 acquiring an additional 381,000 shares during the period. Nicholas Investment Partners LP increased its position in SunOpta by 0.9% in the 4th quarter. Nicholas Investment Partners LP now owns 1,055,874 shares of the company’s stock valued at $8,183,000 after acquiring an additional 9,457 shares during the period. Gilder Gagnon Howe & Co. LLC increased its position in SunOpta by 50.8% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 885,149 shares of the company’s stock valued at $6,860,000 after acquiring an additional 298,335 shares during the period. Finally, Kennedy Capital Management Inc. increased its position in SunOpta by 40.8% in the 4th quarter. Kennedy Capital Management Inc. now owns 742,168 shares of the company’s stock valued at $5,752,000 after acquiring an additional 215,135 shares during the period. Hedge funds and other institutional investors own 82.40% of the company’s stock.

In other news, Director Richard Dean Hollis acquired 25,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was bought at an average cost of $7.02 per share, with a total value of $175,500.00. Following the transaction, the director now directly owns 102,391 shares in the company, valued at approximately $718,784.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.88% of the company’s stock.

STKL has been the topic of several recent analyst reports. BidaskClub cut SunOpta from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 3rd. Zacks Investment Research raised SunOpta from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Citigroup reduced their target price on SunOpta from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, November 20th. Finally, ValuEngine lowered SunOpta from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.17.

SunOpta stock traded down $0.05 during mid-day trading on Monday, hitting $7.20. The stock had a trading volume of 80,110 shares, compared to its average volume of 275,167. SunOpta, Inc. has a 1-year low of $6.27 and a 1-year high of $10.20. The firm has a market cap of $629.34, a P/E ratio of -4.37 and a beta of 1.36. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $292.40 million during the quarter, compared to analyst estimates of $291.04 million. SunOpta had a negative net margin of 10.57% and a negative return on equity of 3.73%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) earnings per share. equities analysts forecast that SunOpta, Inc. will post -0.01 earnings per share for the current year.

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About SunOpta

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.

Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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