New York State Common Retirement Fund Buys 8,000 Shares of SunOpta Inc. (NASDAQ:STKL)

New York State Common Retirement Fund boosted its position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 65.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,287 shares of the company’s stock after acquiring an additional 8,000 shares during the quarter. New York State Common Retirement Fund’s holdings in SunOpta were worth $156,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE grew its stake in SunOpta by 139.3% in the third quarter. US Bancorp DE now owns 8,197 shares of the company’s stock valued at $52,000 after acquiring an additional 4,772 shares during the period. EP Wealth Advisors LLC bought a new position in shares of SunOpta in the 3rd quarter worth $79,000. D.A. Davidson & CO. acquired a new stake in SunOpta in the 4th quarter valued at $81,000. Paloma Partners Management Co bought a new stake in SunOpta during the 3rd quarter valued at $85,000. Finally, Quantinno Capital Management LP raised its holdings in shares of SunOpta by 33.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock worth $86,000 after acquiring an additional 3,360 shares during the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on STKL shares. StockNews.com lowered SunOpta from a “hold” rating to a “sell” rating in a report on Monday. Stephens reiterated an “overweight” rating and set a $10.00 price target on shares of SunOpta in a report on Thursday, January 2nd.

SunOpta Stock Down 0.7 %

SunOpta stock opened at $5.68 on Thursday. SunOpta Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. The firm’s 50-day simple moving average is $7.28 and its 200 day simple moving average is $6.96. The stock has a market cap of $680.12 million, a PE ratio of -31.55 and a beta of 1.79.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $193.91 million for the quarter, compared to the consensus estimate of $189.90 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. Research analysts predict that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

About SunOpta

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.