Hodges Capital Management Inc. Has $28.08 Million Stock Holdings in SunOpta Inc. (NASDAQ:STKL)

Hodges Capital Management Inc. raised its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,646,861 shares of the company’s stock after acquiring an additional 42,232 shares during the quarter. SunOpta makes up about 1.7% of Hodges Capital Management Inc.’s portfolio, making the stock its 12th largest holding. Hodges Capital Management Inc. owned about 3.05% of SunOpta worth $28,081,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Rockefeller Capital Management L.P. increased its position in SunOpta by 16.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock valued at $35,122,000 after purchasing an additional 782,338 shares during the period. Geode Capital Management LLC increased its position in shares of SunOpta by 80.9% during the third quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock worth $13,579,000 after buying an additional 951,462 shares during the period. State Street Corp raised its stake in SunOpta by 18.9% during the third quarter. State Street Corp now owns 1,827,273 shares of the company’s stock worth $11,658,000 after buying an additional 290,372 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in SunOpta by 65.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,761,922 shares of the company’s stock valued at $13,567,000 after buying an additional 698,004 shares during the period. Finally, Royce & Associates LP boosted its position in SunOpta by 9.3% during the third quarter. Royce & Associates LP now owns 1,538,496 shares of the company’s stock valued at $9,816,000 after acquiring an additional 130,470 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

Insider Buying and Selling at SunOpta

In other SunOpta news, Director Rebecca Fisher sold 13,142 shares of the business’s 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 directly owns 108,500 shares of the company’s stock, valued at approximately $822,430. The trade was a 10.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Duchscher sold 50,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $7.33, for a total value of $366,500.00. Following the completion of the sale, the insider now directly owns 42,971 shares of the company’s stock, valued at approximately $314,977.43. This trade represents a 53.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.48% of the stock is currently owned by company insiders.

SunOpta Price Performance

Shares of STKL opened at $7.33 on Monday. The stock has a 50-day moving average of $7.61 and a 200-day moving average of $6.71. SunOpta Inc. has a one year low of $4.88 and a one year high of $8.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The firm had revenue of $176.22 million during the quarter, compared to the consensus estimate of $172.30 million. On average, sell-side analysts anticipate that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on STKL shares. StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. DA Davidson reiterated a “buy” rating and issued a $9.00 target price on shares of SunOpta in a report on Thursday, October 10th. Finally, Stephens restated an “overweight” rating and set a $10.00 price target on shares of SunOpta in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

SunOpta 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.