GSA Capital Partners LLP Has $1.36 Million Stock Position in SunOpta Inc. (NASDAQ:STKL)

GSA Capital Partners LLP increased its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 16.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,462 shares of the company’s stock after buying an additional 30,646 shares during the quarter. GSA Capital Partners LLP owned 0.18% of SunOpta worth $1,356,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of STKL. First Bank & Trust raised its stake in SunOpta by 7.9% during the third quarter. First Bank & Trust now owns 25,409 shares of the company’s stock worth $162,000 after acquiring an additional 1,856 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of SunOpta by 0.9% in the 2nd quarter. Mackenzie Financial Corp now owns 254,678 shares of the company’s stock valued at $1,370,000 after purchasing an additional 2,155 shares in the last quarter. Creative Planning grew its holdings in shares of SunOpta by 9.3% in the 3rd quarter. Creative Planning now owns 30,716 shares of the company’s stock worth $196,000 after purchasing an additional 2,617 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in SunOpta by 13.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,913 shares of the company’s stock valued at $185,000 after purchasing an additional 3,171 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in SunOpta by 10.5% in the second quarter. The Manufacturers Life Insurance Company now owns 36,958 shares of the company’s stock valued at $200,000 after buying an additional 3,521 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.

SunOpta Price Performance

STKL opened at $7.53 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The stock has a market capitalization of $899.46 million, a P/E ratio of -41.83 and a beta of 1.83. The company’s 50 day simple moving average is $6.41 and its 200-day simple moving average is $5.90. SunOpta Inc. has a one year low of $4.37 and a one year high of $7.75.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, hitting 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 analysts’ expectations of $172.30 million. Sell-side analysts anticipate that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at SunOpta

In other news, insider Robert Duchscher sold 50,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 42,971 shares in the company, valued at $314,977.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on STKL shares. StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. DA Davidson reaffirmed a “buy” rating and set a $9.00 price target on shares of SunOpta in a report on Thursday, October 10th. Finally, Stephens increased their target price on SunOpta from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

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.