New York State Common Retirement Fund Buys 8,000 Shares of SunOpta Inc. (NASDAQ:STKL)

New York State Common Retirement Fund grew its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 65.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,287 shares of the company’s stock after buying an additional 8,000 shares during the quarter. New York State Common Retirement Fund’s holdings in SunOpta were worth $156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. US Bancorp DE boosted its holdings in shares of SunOpta by 139.3% during the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company’s stock valued at $52,000 after acquiring an additional 4,772 shares in the last quarter. EP Wealth Advisors LLC bought a new position in SunOpta during the 3rd quarter worth $79,000. D.A. Davidson & CO. bought a new position in SunOpta during the 4th quarter worth $81,000. Paloma Partners Management Co acquired a new position in SunOpta during the 3rd quarter worth about $85,000. Finally, Quantinno Capital Management LP grew its position 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 buying an additional 3,360 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

SunOpta Stock Performance

Shares of SunOpta stock opened at $5.68 on Thursday. The business has a 50-day moving average price of $7.28 and a two-hundred day moving average price of $6.96. SunOpta Inc. has a 1-year low of $4.88 and a 1-year 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 company has a market cap of $680.12 million, a P/E ratio of -31.55 and a beta of 1.79.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its earnings results on Wednesday, February 26th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The business had revenue of $193.91 million during the quarter, compared to analysts’ expectations of $189.90 million. As a group, analysts anticipate that SunOpta Inc. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on STKL shares. StockNews.com lowered SunOpta from a “hold” rating to a “sell” rating in a research note on Monday. Stephens restated an “overweight” rating and set a $10.00 price target on shares of SunOpta in a report on Thursday, January 2nd.

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.