Financial & Investment Management Group Ltd. Has $2,837,000 Stake in SunOpta Inc. (STKL)
Financial & Investment Management Group Ltd. boosted its stake in SunOpta Inc. (NASDAQ:STKL) by 52.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677,072 shares of the company’s stock after buying an additional 233,922 shares during the period. Financial & Investment Management Group Ltd.’s holdings in SunOpta were worth $2,837,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantum Capital Management increased its stake in shares of SunOpta by 71.3% in the first quarter. Quantum Capital Management now owns 29,598 shares of the company’s stock valued at $132,000 after buying an additional 12,315 shares in the last quarter. UBS Group AG increased its stake in shares of SunOpta by 34.2% in the first quarter. UBS Group AG now owns 2,827,771 shares of the company’s stock valued at $12,612,000 after buying an additional 720,824 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of SunOpta by 155.9% in the first quarter. Geode Capital Management LLC now owns 97,743 shares of the company’s stock valued at $435,000 after buying an additional 59,544 shares in the last quarter. Aperio Group LLC increased its stake in shares of SunOpta by 33.5% in the first quarter. Aperio Group LLC now owns 135,232 shares of the company’s stock valued at $603,000 after buying an additional 33,927 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of SunOpta by 21.0% in the first quarter. Royce & Associates LP now owns 2,838,169 shares of the company’s stock valued at $12,658,000 after buying an additional 491,799 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.
SunOpta Inc. (NASDAQ:STKL) traded down 0.57% during trading on Tuesday, reaching $6.96. The company had a trading volume of 613,520 shares. SunOpta Inc. has a 12-month low of $3.16 and a 12-month high of $7.40. The firm has a 50-day moving average price of $6.71 and a 200 day moving average price of $5.31. The stock’s market cap is $595.87 million.
SunOpta (NASDAQ:STKL) last issued its earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $348.10 million for the quarter, compared to analyst estimates of $361.55 million. SunOpta had a negative net margin of 3.33% and a positive return on equity of 3.45%. The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. Equities research analysts predict that SunOpta Inc. will post $0.21 EPS for the current fiscal year.
Several analysts recently issued reports on the company. TheStreet upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research downgraded SunOpta from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. DA Davidson raised their target price on SunOpta from $7.00 to $7.50 and gave the company a “buy” rating in a research note on Thursday, August 11th. AltaCorp Capital restated an “outperform” rating on shares of SunOpta in a research note on Tuesday, June 21st. Finally, Citigroup Inc. raised their target price on SunOpta from $5.50 to $8.00 and gave the company a “buy” rating in a research note on Friday, September 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $8.13.
SunOpta Inc operates businesses focused on a healthy products portfolio. The Company operates through two segments: Global Ingredients and Consumer Products. Its Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains and seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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