Strs Ohio Makes New Investment in SunOpta Inc. (NASDAQ:STKL)

Strs Ohio bought a new position in shares of SunOpta Inc. (NASDAQ:STKLGet Rating) (TSE:SOY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 17,600 shares of the company’s stock, valued at approximately $160,000.

Several other institutional investors also recently made changes to their positions in the stock. Driehaus Capital Management LLC purchased a new stake in shares of SunOpta in the 2nd quarter worth about $14,936,000. Royal Bank of Canada boosted its position in shares of SunOpta by 5,847.3% in the 1st quarter. Royal Bank of Canada now owns 1,365,254 shares of the company’s stock worth $6,853,000 after buying an additional 1,342,298 shares in the last quarter. Woodline Partners LP boosted its position in shares of SunOpta by 106.9% in the 2nd quarter. Woodline Partners LP now owns 2,483,082 shares of the company’s stock worth $19,318,000 after buying an additional 1,283,001 shares in the last quarter. State Street Corp boosted its position in shares of SunOpta by 3,256.3% in the 2nd quarter. State Street Corp now owns 1,240,051 shares of the company’s stock worth $9,648,000 after buying an additional 1,203,104 shares in the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of SunOpta in the 2nd quarter worth about $5,199,000. 74.11% of the stock is currently owned by hedge funds and other institutional investors.

SunOpta Trading Up 3.7 %

Shares of STKL stock opened at $8.43 on Friday. The firm has a 50-day moving average price of $8.80 and a 200 day moving average price of $9.40. SunOpta Inc. has a twelve month low of $4.22 and a twelve month high of $11.67. The company has a market capitalization of $921.56 million, a price-to-earnings ratio of -84.30 and a beta of 1.48. The company has a current ratio of 2.02, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90.

SunOpta (NASDAQ:STKLGet Rating) (TSE:SOY) last announced its earnings results on Wednesday, November 9th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. SunOpta had a negative net margin of 0.94% and a positive return on equity of 1.90%. The firm had revenue of $229.67 million during the quarter, compared to the consensus estimate of $225.14 million. Research analysts forecast that SunOpta Inc. will post 0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Friday, December 23rd.

SunOpta Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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