Algert Global LLC Takes $141,000 Position in SunOpta Inc. (NASDAQ:STKL)

Algert Global LLC purchased a new stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,360 shares of the company’s stock, valued at approximately $141,000.

Other large investors also recently made changes to their positions in the company. Barclays PLC increased its holdings in SunOpta by 103.3% during the 3rd quarter. Barclays PLC now owns 178,954 shares of the company’s stock worth $1,142,000 after purchasing an additional 90,937 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SunOpta by 12.3% during the third quarter. JPMorgan Chase & Co. now owns 515,170 shares of the company’s stock worth $3,287,000 after buying an additional 56,621 shares in the last quarter. Ballentine Partners LLC raised its position in SunOpta by 39.3% in the 4th quarter. Ballentine Partners LLC now owns 30,664 shares of the company’s stock valued at $236,000 after buying an additional 8,652 shares during the last quarter. SG Americas Securities LLC raised its position in SunOpta by 1.1% in the 4th quarter. SG Americas Securities LLC now owns 1,012,814 shares of the company’s stock valued at $7,799,000 after buying an additional 10,582 shares during the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in SunOpta in the 4th quarter valued at approximately $490,000. Institutional investors own 85.39% of the company’s stock.

Insider Buying and Selling

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $5.32, for a total value of $45,220.00. Following the sale, the senior vice president now owns 28,150 shares in the company, valued at $149,758. This represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.

SunOpta Price Performance

Shares of NASDAQ STKL opened at $6.31 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The business has a 50-day moving average of $4.73 and a 200-day moving average of $6.44. The stock has a market capitalization of $741.69 million, a price-to-earnings ratio of -35.05 and a beta of 1.50. SunOpta Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $201.63 million during the quarter, compared to the consensus estimate of $195.09 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. As a group, sell-side analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th.

SunOpta Company Profile

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.