Hollencrest Capital Management Buys 5,000 Shares of SunOpta Inc. (NASDAQ:STKL)

Hollencrest Capital Management boosted its stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 29.4% during the 4th quarter, HoldingsChannel reports. The fund owned 22,000 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Hollencrest Capital Management’s holdings in SunOpta were worth $169,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in SunOpta by 250.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock valued at $4,848,000 after acquiring an additional 542,832 shares in the last quarter. PDT Partners LLC bought a new stake in SunOpta in the 3rd quarter valued at $726,000. State Street Corp lifted its position in SunOpta by 18.9% in the 3rd quarter. State Street Corp now owns 1,827,273 shares of the company’s stock valued at $11,658,000 after acquiring an additional 290,372 shares in the last quarter. Barclays PLC lifted its position in SunOpta by 103.3% in the 3rd quarter. Barclays PLC now owns 178,954 shares of the company’s stock valued at $1,142,000 after acquiring an additional 90,937 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in SunOpta by 80.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock valued at $13,579,000 after acquiring an additional 951,462 shares in the last quarter. 85.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on STKL. Stephens reiterated an “overweight” rating and issued a $10.00 price target on shares of SunOpta in a research note on Thursday, January 2nd. StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday.

SunOpta Stock Down 1.0 %

SunOpta stock opened at $5.67 on Thursday. The firm has a market capitalization of $678.92 million, a PE ratio of -31.50 and a beta of 1.90. The company’s 50-day moving average is $7.08 and its 200-day moving average is $6.95. SunOpta Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released 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 company had revenue of $193.91 million for the quarter, compared to analyst estimates of $189.90 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. Sell-side analysts anticipate that SunOpta Inc. will post 0.13 earnings per share for the current year.

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.