43,330 Shares in SunOpta Inc. (NASDAQ:STKL) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 43,330 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. purchased a new position in SunOpta during the 2nd quarter worth $42,000. Ballentine Partners LLC purchased a new position in SunOpta during the 2nd quarter worth $60,000. MQS Management LLC purchased a new position in SunOpta during the 2nd quarter worth $63,000. Principal Financial Group Inc. increased its holdings in SunOpta by 18.2% during the 1st quarter. Principal Financial Group Inc. now owns 12,425 shares of the company’s stock worth $85,000 after purchasing an additional 1,917 shares during the period. Finally, Paloma Partners Management Co purchased a new position in SunOpta during the 1st quarter worth $93,000. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

SunOpta Trading Down 0.8 %

Shares of NASDAQ:STKL opened at $6.37 on Tuesday. SunOpta Inc. has a 12-month low of $3.57 and a 12-month high of $7.59. The business’s fifty day simple moving average is $6.20 and its 200-day simple moving average is $5.89. The company has a current ratio of 1.27, a quick ratio of 0.61 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $760.19 million, a PE ratio of -4.19 and a beta of 1.83.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results 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. SunOpta had a positive return on equity of 6.51% and a negative net margin of 23.23%. The firm had revenue of $171.00 million for the quarter, compared to the consensus estimate of $159.95 million. During the same period in the previous year, the business earned ($0.03) EPS. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. As a group, equities research analysts predict that SunOpta Inc. will post 0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on STKL shares. DA Davidson restated a “buy” rating and set a $9.00 price objective on shares of SunOpta in a report on Thursday, October 10th. StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Thursday, October 10th.

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.