Epiq Partners LLC Has $1.95 Million Stock Position in SunOpta Inc. (NASDAQ:STKL)

Epiq Partners LLC cut its holdings in SunOpta Inc. (NASDAQ:STKLFree Report) (TSE:SOY) by 13.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 253,755 shares of the company’s stock after selling 38,000 shares during the quarter. Epiq Partners LLC’s holdings in SunOpta were worth $1,954,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Union Bancaire Privee UBP SA acquired a new position in shares of SunOpta during the 4th quarter valued at $236,000. Mutual Advisors LLC bought a new stake in SunOpta in the fourth quarter valued at $92,000. Wesbanco Bank Inc. acquired a new position in shares of SunOpta during the fourth quarter valued at about $490,000. SG Americas Securities LLC boosted its position in shares of SunOpta by 1.1% during the 4th quarter. SG Americas Securities LLC now owns 1,012,814 shares of the company’s stock worth $7,799,000 after purchasing an additional 10,582 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of SunOpta by 39.3% in the 4th quarter. Ballentine Partners LLC now owns 30,664 shares of the company’s stock valued at $236,000 after buying an additional 8,652 shares during the period. 85.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SunOpta

In other news, insider Robert Duchscher sold 50,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00. Following the completion of the transaction, the insider now directly owns 42,971 shares of the company’s stock, valued at $314,977.43. This represents a 53.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rebecca Fisher sold 13,142 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total value of $99,616.36. Following the completion of the transaction, the director now owns 108,500 shares in the company, valued at approximately $822,430. The trade was a 10.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on STKL. DA Davidson reaffirmed a “buy” rating and set a $9.00 price target on shares of SunOpta in a research note on Thursday, October 10th. Stephens reaffirmed an “overweight” rating and set a $10.00 target price on shares of SunOpta in a research report on Thursday, January 2nd. Finally, StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

View Our Latest Stock Report on SunOpta

SunOpta Stock Performance

Shares of SunOpta stock opened at $7.47 on Tuesday. The stock has a fifty day simple moving average of $7.62 and a 200 day simple moving average of $6.65. SunOpta Inc. has a 12-month low of $4.88 and a 12-month high of $8.11. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61.

SunOpta (NASDAQ:STKLGet Free Report) (TSE:SOY) last posted its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The firm had revenue of $176.22 million during the quarter, compared to analyst estimates of $172.30 million. Sell-side analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

About SunOpta

(Free Report)

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.

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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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