State of New Jersey Common Pension Fund D bought a new position in shares of SunOpta Inc. (NASDAQ:STKL – Get Rating) (TSE:SOY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,131 shares of the company’s stock, valued at approximately $165,000.
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Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp grew its holdings in SunOpta by 4.4% during the first quarter. State Street Corp now owns 36,947 shares of the company’s stock worth $185,000 after acquiring an additional 1,572 shares during the period. Van ECK Associates Corp grew its holdings in SunOpta by 20.0% during the third quarter. Van ECK Associates Corp now owns 10,378 shares of the company’s stock worth $94,000 after acquiring an additional 1,727 shares during the period. CWM LLC grew its holdings in SunOpta by 200.0% during the third quarter. CWM LLC now owns 3,000 shares of the company’s stock worth $27,000 after acquiring an additional 2,000 shares during the period. PNC Financial Services Group Inc. grew its holdings in SunOpta by 81.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,200 shares of the company’s stock worth $26,000 after acquiring an additional 2,338 shares during the period. Finally, Hodges Capital Management Inc. grew its holdings in SunOpta by 0.9% during the second quarter. Hodges Capital Management Inc. now owns 287,800 shares of the company’s stock worth $2,239,000 after acquiring an additional 2,654 shares during the period. 74.11% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a report on Friday, December 23rd.
SunOpta Stock Up 3.7 %
Shares of STKL opened at $8.43 on Monday. The company has a current ratio of 2.02, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. SunOpta Inc. has a 12 month low of $4.22 and a 12 month high of $11.67. The stock’s 50 day moving average is $8.80 and its two-hundred day moving average is $9.41. The firm has a market cap of $921.56 million, a P/E ratio of -84.30 and a beta of 1.48.
SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. SunOpta had a positive return on equity of 1.90% and a negative net margin of 0.94%. The company had revenue of $229.67 million for the quarter, compared to analyst estimates of $225.14 million. Analysts predict that SunOpta Inc. will post 0.05 earnings per share for the current fiscal year.
SunOpta Profile
SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.
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