SG Americas Securities LLC Buys Shares of 1,002,232 SunOpta Inc. (NASDAQ:STKL)

SG Americas Securities LLC bought a new stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,002,232 shares of the company’s stock, valued at approximately $6,394,000. SG Americas Securities LLC owned about 0.84% of SunOpta as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in shares of SunOpta by 18.2% during the 1st quarter. Principal Financial Group Inc. now owns 12,425 shares of the company’s stock valued at $85,000 after buying an additional 1,917 shares in the last quarter. Mackenzie Financial Corp lifted its stake in SunOpta by 0.9% in the 2nd quarter. Mackenzie Financial Corp now owns 254,678 shares of the company’s stock worth $1,370,000 after purchasing an additional 2,155 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in SunOpta by 13.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,913 shares of the company’s stock worth $185,000 after purchasing an additional 3,171 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in SunOpta by 10.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,958 shares of the company’s stock worth $200,000 after purchasing an additional 3,521 shares in the last quarter. Finally, Epiq Partners LLC lifted its stake in SunOpta by 1.3% in the 1st quarter. Epiq Partners LLC now owns 295,455 shares of the company’s stock worth $2,030,000 after purchasing an additional 3,750 shares in the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Monday, September 30th.

SunOpta Price Performance

Shares of NASDAQ:STKL opened at $6.11 on Friday. The company’s fifty day moving average price is $6.08 and its 200-day moving average price is $5.92. The firm has a market capitalization of $729.16 million, a price-to-earnings ratio of -4.02 and a beta of 1.83. SunOpta Inc. has a one year low of $2.79 and a one year high of $7.59. 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 (NASDAQ:STKL) (TSE:SOY) last released its earnings results on Wednesday, August 7th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. SunOpta had a negative net margin of 23.23% and a positive return on equity of 6.51%. The company had revenue of $171.00 million for the quarter, compared to analyst estimates of $159.95 million. During the same quarter last year, the firm earned ($0.03) EPS. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. On average, equities research analysts anticipate that SunOpta Inc. will post 0.14 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.