Rhumbline Advisers Buys 3,402 Shares of SunOpta Inc. (NASDAQ:STKL)

Rhumbline Advisers increased its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,310 shares of the company’s stock after acquiring an additional 3,402 shares during the quarter. Rhumbline Advisers owned about 0.12% of SunOpta worth $1,080,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of SunOpta by 64.7% in the 4th quarter. Van ECK Associates Corp now owns 18,070 shares of the company’s stock valued at $139,000 after purchasing an additional 7,097 shares in the last quarter. Tectonic Advisors LLC boosted its stake in shares of SunOpta by 17.8% in the 4th quarter. Tectonic Advisors LLC now owns 313,411 shares of the company’s stock valued at $2,413,000 after purchasing an additional 47,407 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in shares of SunOpta by 1.2% in the 4th quarter. Hodges Capital Management Inc. now owns 3,646,861 shares of the company’s stock valued at $28,081,000 after purchasing an additional 42,232 shares in the last quarter. Boston Trust Walden Corp acquired a new stake in shares of SunOpta in the 4th quarter valued at $169,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of SunOpta in the 4th quarter valued at $116,000. Institutional investors own 85.39% of the company’s stock.

Wall Street Analysts Forecast Growth

STKL has been the subject of a number of research analyst reports. Stephens reaffirmed an “overweight” rating and issued a $10.00 price target on shares of SunOpta in a report on Thursday, January 2nd. StockNews.com cut SunOpta from a “hold” rating to a “sell” rating in a report on Monday.

SunOpta Stock Performance

SunOpta stock opened at $5.68 on Thursday. The stock has a market capitalization of $680.12 million, a price-to-earnings ratio of -31.55 and a beta of 1.79. SunOpta Inc. has a 12-month low of $4.88 and a 12-month high of $8.11. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. The stock has a 50-day simple moving average of $7.28 and a 200 day simple moving average of $6.96.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $193.91 million during the quarter, compared to analysts’ expectations of $189.90 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. On average, research analysts anticipate that SunOpta Inc. will post 0.13 earnings per share for the current fiscal 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.