Cibc World Market Inc. Sells 12,806 Shares of SunOpta Inc. (NASDAQ:STKL)

Cibc World Market Inc. trimmed its stake in shares of SunOpta Inc. (NASDAQ:STKLGet Rating) (TSE:SOY) by 49.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,200 shares of the company’s stock after selling 12,806 shares during the quarter. Cibc World Market Inc.’s holdings in SunOpta were worth $102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STKL. Landscape Capital Management L.L.C. bought a new stake in shares of SunOpta in the second quarter valued at about $118,000. Wealth Effects LLC boosted its position in shares of SunOpta by 8.7% in the second quarter. Wealth Effects LLC now owns 83,950 shares of the company’s stock valued at $653,000 after acquiring an additional 6,750 shares during the period. Thornburg Investment Management Inc. boosted its position in shares of SunOpta by 2.2% in the second quarter. Thornburg Investment Management Inc. now owns 1,680,742 shares of the company’s stock valued at $13,076,000 after acquiring an additional 36,841 shares during the period. Epiq Partners LLC boosted its position in shares of SunOpta by 11.6% in the second quarter. Epiq Partners LLC now owns 266,980 shares of the company’s stock valued at $2,077,000 after acquiring an additional 27,785 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of SunOpta by 105.9% in the first quarter. Diamond Hill Capital Management Inc. now owns 1,732,892 shares of the company’s stock valued at $8,699,000 after acquiring an additional 891,370 shares during the period. 79.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on STKL shares. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Monday. Cowen boosted their price target on SunOpta to $15.00 in a research note on Monday, August 15th. Canaccord Genuity Group boosted their price target on SunOpta from $12.00 to $14.00 in a research note on Friday, August 12th. Finally, Craig Hallum boosted their price target on SunOpta to $18.00 in a research note on Monday, August 15th.

SunOpta Stock Up 2.1 %

STKL stock opened at $9.77 on Friday. The company has a quick ratio of 0.69, a current ratio of 2.02 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.07 billion, a PE ratio of -97.70 and a beta of 1.52. SunOpta Inc. has a 52 week low of $4.22 and a 52 week high of $11.67. The business has a 50-day simple moving average of $9.80 and a 200 day simple moving average of $9.00.

Insiders Place Their Bets

In other SunOpta news, insider David Largey sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $10.05, for a total transaction of $50,250.00. Following the completion of the transaction, the insider now owns 42,828 shares of the company’s stock, valued at $430,421.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Rebecca Fisher sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $10.12, for a total transaction of $101,200.00. Following the sale, the director now directly owns 60,425 shares in the company, valued at $611,501. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David Largey sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $10.05, for a total value of $50,250.00. Following the sale, the insider now owns 42,828 shares in the company, valued at $430,421.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,000 shares of company stock valued at $201,700. 4.68% of the stock is currently owned by corporate insiders.

About SunOpta

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SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.

See Also

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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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