Blair William & Co. IL Has $10.55 Million Stock Position in SunOpta Inc. (NASDAQ:STKL)

Blair William & Co. IL lowered its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,954,028 shares of the company’s stock after selling 17,317 shares during the period. Blair William & Co. IL owned approximately 1.64% of SunOpta worth $10,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Allianz Asset Management GmbH raised its stake in SunOpta by 4.8% during the 4th quarter. Allianz Asset Management GmbH now owns 740,621 shares of the company’s stock worth $4,061,000 after buying an additional 33,730 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in shares of SunOpta by 40.3% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 26,130 shares of the company’s stock worth $143,000 after purchasing an additional 7,500 shares during the period. CastleKnight Management LP bought a new position in shares of SunOpta in the 4th quarter worth $8,743,000. Granahan Investment Management LLC grew its position in SunOpta by 1,291.2% in the 4th quarter. Granahan Investment Management LLC now owns 2,393,790 shares of the company’s stock valued at $13,094,000 after purchasing an additional 2,221,718 shares during the period. Finally, Spouting Rock Asset Management LLC bought a new stake in SunOpta during the 4th quarter valued at $108,000. Institutional investors own 85.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of SunOpta from a “hold” rating to a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, SunOpta presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

SunOpta Stock Performance

NASDAQ:STKL opened at $6.75 on Friday. The company has a market capitalization of $806.15 million, a P/E ratio of -4.44 and a beta of 1.82. The business has a fifty day simple moving average of $5.81 and a two-hundred day simple moving average of $5.94. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.27 and a quick ratio of 0.61. SunOpta Inc. has a 1 year low of $2.79 and a 1 year high of $7.59.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $171.00 million during the quarter, compared to analyst estimates of $159.95 million. SunOpta had a positive return on equity of 6.51% and a negative net margin of 23.23%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) EPS. On average, analysts expect that SunOpta Inc. will post 0.14 earnings per share for the current year.

About SunOpta

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.