Gilder Gagnon Howe & Co. LLC Acquires Shares of 590,940 SunOpta, Inc. (STKL)

Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 590,940 shares of the company’s stock, valued at approximately $6,028,000. Gilder Gagnon Howe & Co. LLC owned 0.69% of SunOpta at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Karp Capital Management Corp acquired a new position in SunOpta during the first quarter valued at $364,000. Gamco Investors INC. ET AL raised its position in SunOpta by 13.0% in the first quarter. Gamco Investors INC. ET AL now owns 27,000 shares of the company’s stock valued at $188,000 after buying an additional 3,100 shares during the last quarter. Teton Advisors Inc. raised its position in SunOpta by 3.9% in the first quarter. Teton Advisors Inc. now owns 311,664 shares of the company’s stock valued at $2,166,000 after buying an additional 11,664 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in SunOpta by 2.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,883,209 shares of the company’s stock valued at $13,077,000 after buying an additional 42,151 shares during the last quarter. Finally, Pictet Asset Management Ltd. acquired a new position in SunOpta during the first quarter valued at $3,717,000. 87.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SunOpta, Inc. (NASDAQ:STKL) traded down 1.12% on Friday, reaching $8.85. The company’s stock had a trading volume of 258,109 shares. SunOpta, Inc. has a 52-week low of $5.73 and a 52-week high of $10.20. The company’s market cap is $765.49 million. The company has a 50 day moving average price of $9.56 and a 200 day moving average price of $8.25.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The company had revenue of $336.45 million during the quarter, compared to the consensus estimate of $341.18 million. SunOpta had a negative net margin of 3.70% and a negative return on equity of 0.70%. SunOpta’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. On average, analysts anticipate that SunOpta, Inc. will post $0.02 earnings per share for the current fiscal year.

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Several research firms recently weighed in on STKL. Zacks Investment Research lowered SunOpta from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub downgraded SunOpta from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Citigroup Inc. boosted their target price on SunOpta from $8.00 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Finally, BMO Capital Markets restated a “buy” rating and issued a $8.50 target price on shares of SunOpta in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.30.

In related news, insider Jeffrey Gough acquired 5,000 shares of the firm’s stock in a transaction dated 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 acquisition, the insider now directly owns 20,000 shares of the company’s stock, valued at $174,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.88% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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