SunOpta Inc. (NASDAQ:STKL) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 62.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 213,439 shares of the company’s stock after buying an additional 82,402 shares during the quarter. Sei Investments Co. owned approximately 0.18% of SunOpta worth $1,153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Granahan Investment Management LLC increased its stake in SunOpta by 1,291.2% during the fourth quarter. Granahan Investment Management LLC now owns 2,393,790 shares of the company’s stock worth $13,094,000 after purchasing an additional 2,221,718 shares during the period. Harbor Capital Advisors Inc. increased its stake in SunOpta by 321.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 467,515 shares of the company’s stock worth $2,525,000 after buying an additional 356,700 shares during the period. Blair William & Co. IL lifted its holdings in SunOpta by 77.0% during the 1st quarter. Blair William & Co. IL now owns 1,971,345 shares of the company’s stock worth $13,543,000 after buying an additional 857,603 shares in the last quarter. Hodges Capital Management Inc. boosted its position in SunOpta by 11.2% in the 2nd quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company’s stock valued at $17,273,000 after buying an additional 323,397 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of SunOpta by 7.5% in the first quarter. Vanguard Group Inc. now owns 642,505 shares of the company’s stock worth $4,414,000 after acquiring an additional 44,905 shares in the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

SunOpta Stock Down 5.2 %

Shares of SunOpta stock opened at $5.79 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 1.27 and a debt-to-equity ratio of 1.67. SunOpta Inc. has a 52-week low of $2.79 and a 52-week high of $7.59. The company has a market capitalization of $690.97 million, a P/E ratio of -3.81 and a beta of 1.83. The company has a 50 day moving average of $6.09 and a 200 day moving average of $5.90.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its earnings results on Wednesday, August 7th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $171.00 million during the quarter, compared to the consensus estimate of $159.95 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The company’s revenue was down 17.7% compared to the same quarter last year. As a group, research analysts forecast that SunOpta Inc. will post 0.14 EPS 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.