WealthTrust Axiom LLC lowered its stake in shares of SunOpta Inc. (NASDAQ:STKL) by 3.0% during the second quarter, Holdings Channel reports. The fund owned 131,200 shares of the company’s stock after selling 4,000 shares during the period. WealthTrust Axiom LLC’s holdings in SunOpta were worth $549,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Quantum Capital Management raised its position in shares of SunOpta by 71.3% in the first quarter. Quantum Capital Management now owns 29,598 shares of the company’s stock worth $132,000 after buying an additional 12,315 shares during the last quarter. Geode Capital Management LLC raised its position in shares of SunOpta by 155.9% in the first quarter. Geode Capital Management LLC now owns 97,743 shares of the company’s stock worth $435,000 after buying an additional 59,544 shares during the last quarter. Aperio Group LLC raised its position in shares of SunOpta by 33.5% in the first quarter. Aperio Group LLC now owns 135,232 shares of the company’s stock worth $603,000 after buying an additional 33,927 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of SunOpta by 316.9% in the first quarter. Renaissance Technologies LLC now owns 252,371 shares of the company’s stock worth $1,126,000 after buying an additional 191,841 shares during the last quarter. Finally, CIBC World Markets Inc. raised its position in shares of SunOpta by 13.8% in the first quarter. CIBC World Markets Inc. now owns 764,948 shares of the company’s stock worth $3,412,000 after buying an additional 92,825 shares during the last quarter. Hedge funds and other institutional investors own 76.95% of the company’s stock.
Shares of SunOpta Inc. (NASDAQ:STKL) traded down 0.85% during midday trading on Friday, hitting $6.96. 254,723 shares of the stock were exchanged. SunOpta Inc. has a 12 month low of $3.16 and a 12 month high of $7.40. The firm’s 50-day moving average is $6.54 and its 200-day moving average is $5.22. The stock’s market cap is $595.87 million.
SunOpta (NASDAQ:STKL) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.02. SunOpta had a negative net margin of 3.33% and a positive return on equity of 3.45%. The business had revenue of $348.10 million for the quarter, compared to the consensus estimate of $361.55 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. SunOpta’s revenue for the quarter was up 25.4% on a year-over-year basis. Equities research analysts predict that SunOpta Inc. will post $0.21 earnings per share for the current year.
STKL has been the subject of a number of recent analyst reports. TheStreet upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Citigroup Inc. lifted their target price on shares of SunOpta from $5.50 to $8.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Zacks Investment Research raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. DA Davidson lifted their target price on shares of SunOpta from $7.00 to $7.50 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of SunOpta in a research report on Tuesday, June 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. SunOpta has a consensus rating of “Buy” and a consensus price target of $8.13.
SunOpta Inc operates businesses focused on a healthy products portfolio. The Company operates through two segments: Global Ingredients and Consumer Products. Its 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 and seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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