SunOpta Inc. (NASDAQ:STKL) Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC grew its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 17.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,411 shares of the company’s stock after purchasing an additional 47,407 shares during the quarter. Tectonic Advisors LLC owned approximately 0.26% of SunOpta worth $2,413,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. US Bancorp DE boosted its stake in SunOpta by 139.3% in the third quarter. US Bancorp DE now owns 8,197 shares of the company’s stock worth $52,000 after purchasing 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. Tealwood Asset Management Inc. bought a new position in shares of SunOpta in the 3rd quarter worth about $80,000. Paloma Partners Management Co acquired a new position in SunOpta during the 3rd quarter valued at about $85,000. Finally, Quantinno Capital Management LP lifted its stake in SunOpta by 33.1% in the third quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock valued at $86,000 after purchasing an additional 3,360 shares during the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

Insider Activity at SunOpta

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

Analysts Set New Price Targets

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

SunOpta Stock Up 1.0 %

Shares of STKL stock opened at $7.38 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. SunOpta Inc. has a one year low of $4.88 and a one year high of $8.11. The stock has a 50-day moving average of $7.60 and a 200-day moving average of $6.74.

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. Analysts anticipate that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

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.