Teton Advisors Inc. held its position in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 311,664 shares of the company’s stock at the end of the second quarter. Teton Advisors Inc. owned 0.36% of SunOpta worth $3,179,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STKL. FMR LLC increased its position in SunOpta by 85.1% in the first quarter. FMR LLC now owns 3,549,446 shares of the company’s stock valued at $24,669,000 after buying an additional 1,631,721 shares during the period. Gilder Gagnon Howe & Co. LLC bought a new position in SunOpta during the second quarter valued at $6,028,000. Pictet Asset Management Ltd. bought a new position in SunOpta during the first quarter valued at $3,717,000. Bank of Montreal Can increased its position in SunOpta by 38.4% in the first quarter. Bank of Montreal Can now owns 1,378,995 shares of the company’s stock valued at $9,583,000 after buying an additional 382,377 shares during the period. Finally, Factory Mutual Insurance Co. increased its position in SunOpta by 22.6% in the first quarter. Factory Mutual Insurance Co. now owns 1,987,900 shares of the company’s stock valued at $13,817,000 after buying an additional 366,000 shares during the period. Hedge funds and other institutional investors own 87.21% of the company’s stock.
Shares of SunOpta, Inc. (STKL) opened at 8.95 on Friday. SunOpta, Inc. has a 52 week low of $5.73 and a 52 week high of $10.20. The company’s 50-day moving average is $9.58 and its 200 day moving average is $8.24. The stock’s market cap is $774.14 million.
SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $336.45 million for the quarter, compared to analyst estimates of $341.18 million. SunOpta had a negative return on equity of 0.70% and a negative net margin of 3.70%. The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. Analysts forecast that SunOpta, Inc. will post $0.02 earnings per share for the current fiscal year.
STKL has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of SunOpta from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Citigroup Inc. upped their price target on shares of SunOpta from $8.00 to $11.50 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. BMO Capital Markets restated a “buy” rating and set a $8.50 price target on shares of SunOpta in a research report on Wednesday, April 26th. Finally, BidaskClub downgraded shares of SunOpta from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $9.30.
In other SunOpta news, insider Jeffrey Gough bought 5,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $8.70 per share, for a total transaction of $43,500.00. Following the completion of the transaction, the insider now owns 20,000 shares in the company, valued at approximately $174,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.88% of the company’s stock.
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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