SunOpta, Inc. $STKL Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP grew its holdings in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 47.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 333,839 shares of the company’s stock after purchasing an additional 107,222 shares during the period. GSA Capital Partners LLP owned 0.28% of SunOpta worth $1,956,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in SunOpta by 3,725.7% during the second quarter. SG Americas Securities LLC now owns 982,047 shares of the company’s stock worth $5,696,000 after acquiring an additional 956,377 shares during the period. JPMorgan Chase & Co. raised its position in shares of SunOpta by 236.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 536,893 shares of the company’s stock worth $3,114,000 after purchasing an additional 377,237 shares during the period. Allianz Asset Management GmbH bought a new stake in shares of SunOpta in the 2nd quarter worth approximately $1,417,000. Jane Street Group LLC boosted its position in SunOpta by 607.5% during the 1st quarter. Jane Street Group LLC now owns 281,976 shares of the company’s stock valued at $1,370,000 after purchasing an additional 242,121 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in SunOpta by 34.3% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 900,235 shares of the company’s stock valued at $5,221,000 after purchasing an additional 229,836 shares during the period. 85.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Greg Gaba purchased 15,000 shares of the company’s stock in a transaction on Monday, November 24th. The shares were bought at an average price of $3.39 per share, with a total value of $50,850.00. Following the completion of the acquisition, the chief financial officer owned 110,970 shares of the company’s stock, valued at approximately $376,188.30. This represents a 15.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

STKL has been the topic of a number of recent research reports. DA Davidson reiterated a “buy” rating and issued a $8.00 target price on shares of SunOpta in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of SunOpta in a report on Monday, December 29th. William Blair lowered SunOpta from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Finally, Mizuho lowered their target price on SunOpta from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.00.

SunOpta Price Performance

Shares of SunOpta stock opened at $6.44 on Tuesday. SunOpta, Inc. has a 52 week low of $3.32 and a 52 week high of $7.68. The company has a current ratio of 0.98, a quick ratio of 0.37 and a debt-to-equity ratio of 1.34. The stock has a market cap of $778.21 million, a PE ratio of 33.90 and a beta of 1.13. The company’s 50-day moving average price is $4.49 and its two-hundred day moving average price is $5.09.

SunOpta Company Profile

SunOpta Inc (NASDAQ: STKL) is a Canada-based company specializing in the sourcing, processing and packaging of organic and non-GMO plant-based foods and beverages. The company’s product portfolio spans a wide range of offerings, including non-dairy beverages such as oat, almond, soy and coconut drinks, fruit and plant-based beverages, and ingredient solutions for food manufacturers and foodservice customers. SunOpta’s integrated supply chain extends from ingredient sourcing and raw material preparation through to finished product formulation and packaging.

SunOpta operates through two primary business segments: Global Beverages and Global Ingredients.