Stephens Inc. AR Has $323,000 Stake in SunOpta Inc. (NASDAQ:STKL)

Stephens Inc. AR reduced its position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,994 shares of the company’s stock after selling 3,875 shares during the period. Stephens Inc. AR’s holdings in SunOpta were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE increased its stake in shares of SunOpta by 139.3% in the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company’s stock valued at $52,000 after purchasing an additional 4,772 shares during the last quarter. Mutual Advisors LLC acquired a new position in SunOpta during the 4th quarter worth about $92,000. EP Wealth Advisors LLC acquired a new position in SunOpta during the 3rd quarter worth about $79,000. Paloma Partners Management Co acquired a new position in SunOpta during the 3rd quarter worth about $85,000. Finally, Quantinno Capital Management LP lifted its stake in shares of SunOpta by 33.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock valued at $86,000 after purchasing an additional 3,360 shares during the period. 85.39% of the stock is owned by institutional investors and hedge funds.

SunOpta Stock Up 2.0 %

Shares of NASDAQ STKL opened at $7.64 on Friday. SunOpta Inc. has a 12 month low of $4.88 and a 12 month high of $8.11. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $914.13 million, a price-to-earnings ratio of -42.44 and a beta of 1.79. The business has a 50-day moving average of $7.54 and a 200-day moving average of $6.86.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Stephens reissued an “overweight” rating and issued a $10.00 price objective on shares of SunOpta in a research note on Thursday, January 2nd. StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SunOpta presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Insiders Place Their Bets

In other news, Director Rebecca Fisher sold 13,142 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total transaction of $99,616.36. Following the completion of the sale, the director now owns 108,500 shares of the company’s stock, valued at approximately $822,430. This represents a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.48% of the stock is owned by insiders.

SunOpta Company Profile

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.