Verition Fund Management LLC Invests $93,000 in SunOpta Inc. (NASDAQ:STKL)

Verition Fund Management LLC bought a new position in SunOpta Inc. (NASDAQ:STKL – Get Rating) (TSE:SOY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,205 shares of the company’s stock, valued at approximately $93,000.

Several other large investors have also recently modified their holdings of the business. Boothbay Fund Management LLC increased its stake in shares of SunOpta by 67.5% in the third quarter. Boothbay Fund Management LLC now owns 150,545 shares of the company’s stock worth $1,370,000 after purchasing an additional 60,676 shares in the last quarter. Oberweis Asset Management Inc. purchased a new position in SunOpta during the third quarter valued at approximately $1,593,000. ING Groep NV purchased a new position in SunOpta during the third quarter valued at approximately $3,640,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in SunOpta by 1,009.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 113,200 shares of the company’s stock valued at $1,030,000 after acquiring an additional 103,000 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in SunOpta during the third quarter valued at approximately $8,286,000. Hedge funds and other institutional investors own 74.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com cut shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Thursday, March 2nd. BMO Capital Markets reduced their target price on SunOpta from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, March 3rd.

SunOpta Stock Down 3.4 %

STKL stock opened at $7.65 on Friday. The business’s 50-day moving average is $8.13 and its two-hundred day moving average is $9.04. The company has a market cap of $825.82 million, a price-to-earnings ratio of -95.63 and a beta of 1.48. SunOpta Inc. has a fifty-two week low of $4.53 and a fifty-two week high of $11.67. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.59 and a current ratio of 1.88.

SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) last issued its earnings results on Wednesday, March 1st. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $221.29 million for the quarter, compared to the consensus estimate of $220.60 million. SunOpta had a positive return on equity of 2.61% and a negative net margin of 0.61%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) EPS. As a group, analysts forecast that SunOpta Inc. will post 0.01 earnings per share for the current year.

SunOpta Company Profile

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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.