SunOpta Inc. (NASDAQ:STKL) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 25.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 37,881 shares of the company’s stock after buying an additional 7,790 shares during the period. Price T Rowe Associates Inc. MD’s holdings in SunOpta were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. D.A. Davidson & CO. purchased a new position in shares of SunOpta during the 4th quarter valued at approximately $81,000. Mutual Advisors LLC purchased a new position in shares of SunOpta during the 4th quarter worth $92,000. Quadrant Capital Group LLC raised its holdings in shares of SunOpta by 15.2% during the 4th quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company’s stock worth $112,000 after acquiring an additional 1,923 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of SunOpta during the 4th quarter worth about $116,000. Finally, Van ECK Associates Corp increased its position in shares of SunOpta by 64.7% during the 4th quarter. Van ECK Associates Corp now owns 18,070 shares of the company’s stock worth $139,000 after purchasing an additional 7,097 shares during the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

SunOpta Price Performance

Shares of NASDAQ STKL opened at $6.19 on Friday. The stock has a market cap of $727.58 million, a P/E ratio of -34.39 and a beta of 1.50. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. The stock has a 50 day moving average of $4.75 and a two-hundred day moving average of $6.44. SunOpta Inc. has a twelve month low of $3.65 and a twelve month high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $201.63 million for the quarter, compared to analyst estimates of $195.09 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. On average, research analysts forecast that SunOpta Inc. will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at SunOpta

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the firm’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 transaction of $45,220.00. Following the completion of the sale, the senior vice president now owns 28,150 shares in the company, valued at $149,758. This trade represents a 23.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

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.