Fox Run Management L.L.C. Sells 5,960 Shares of SunOpta Inc. (NASDAQ:STKL)

Fox Run Management L.L.C. decreased its holdings in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,379 shares of the company’s stock after selling 5,960 shares during the period. Fox Run Management L.L.C.’s holdings in SunOpta were worth $80,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ironwood Investment Management LLC boosted its stake in SunOpta by 1.2% in the 4th quarter. Ironwood Investment Management LLC now owns 132,879 shares of the company’s stock valued at $1,023,000 after buying an additional 1,549 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of SunOpta by 33.1% in the 3rd 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 in the last quarter. Rhumbline Advisers grew its holdings in shares of SunOpta by 2.5% in the 4th quarter. Rhumbline Advisers now owns 140,310 shares of the company’s stock worth $1,080,000 after purchasing an additional 3,402 shares during the last quarter. Hollencrest Capital Management increased its position in shares of SunOpta by 29.4% during the 4th quarter. Hollencrest Capital Management now owns 22,000 shares of the company’s stock worth $169,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in SunOpta by 64.7% during the 4th quarter. Van ECK Associates Corp now owns 18,070 shares of the company’s stock valued at $139,000 after purchasing an additional 7,097 shares during the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SunOpta

In related news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $5.32, for a total value of $45,220.00. Following the completion of the sale, the senior vice president now directly owns 28,150 shares in the company, valued at $149,758. This trade represents a 23.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.48% of the stock is currently owned by corporate insiders.

SunOpta Stock Down 3.4 %

Shares of NASDAQ:STKL opened at $4.86 on Friday. SunOpta Inc. has a 12 month low of $4.83 and a 12 month high of $8.11. The firm has a market cap of $582.01 million, a P/E ratio of -27.00 and a beta of 1.90. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. The company’s 50-day moving average price is $6.55 and its two-hundred day moving average price is $6.89.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The business had revenue of $193.91 million during the quarter, compared to analyst estimates of $189.90 million. As a group, research analysts forecast that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

STKL has been the subject of several recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $10.00 price objective on shares of SunOpta in a report on Thursday, January 2nd. StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th.

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.