Hollencrest Capital Management decreased its position in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 29.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,000 shares of the company’s stock after selling 7,000 shares during the quarter. Hollencrest Capital Management’s holdings in SunOpta were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in shares of SunOpta during the 2nd quarter valued at about $232,000. Alliancebernstein L.P. acquired a new position in shares of SunOpta during the 2nd quarter valued at about $351,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of SunOpta during the 2nd quarter valued at about $369,000. Bank of New York Mellon Corp boosted its position in shares of SunOpta by 96.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 145,462 shares of the company’s stock valued at $1,483,000 after acquiring an additional 71,266 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of SunOpta during the 3rd quarter valued at about $1,363,000. 79.28% of the stock is currently owned by hedge funds and other institutional investors.
SunOpta, Inc. (NASDAQ:STKL) opened at $8.15 on Friday. SunOpta, Inc. has a 1 year low of $6.00 and a 1 year high of $10.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.32 and a quick ratio of 0.45. The company has a market cap of $697.99, a PE ratio of -11.81 and a beta of 1.66.
Several brokerages have recently weighed in on STKL. Zacks Investment Research raised shares of SunOpta from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub cut shares of SunOpta from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Citigroup decreased their target price 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. SunOpta presently has an average rating of “Hold” and a consensus price target of $8.88.
In related news, Director Richard Dean Hollis bought 10,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were bought at an average price of $7.65 per share, with a total value of $76,500.00. Following the completion of the transaction, the director now directly owns 73,745 shares of the company’s stock, valued at approximately $564,149.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Oaktree Huntington Investment bought 644,540 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was bought at an average cost of $7.50 per share, for a total transaction of $4,834,050.00. The disclosure for this purchase can be found here. Corporate insiders own 1.88% of the company’s stock.
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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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