The Manufacturers Life Insurance Company lifted its position in shares of SunOpta Inc. (NASDAQ:STKL – Free Report) (TSE:SOY) by 10.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 36,958 shares of the company’s stock after purchasing an additional 3,521 shares during the period. The Manufacturers Life Insurance Company’s holdings in SunOpta were worth $200,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. purchased a new stake in shares of SunOpta in the second quarter worth about $42,000. Ballentine Partners LLC acquired a new position in SunOpta during the 2nd quarter worth approximately $60,000. MQS Management LLC purchased a new position in SunOpta in the 2nd quarter worth approximately $63,000. Principal Financial Group Inc. boosted its holdings in SunOpta by 18.2% in the 1st quarter. Principal Financial Group Inc. now owns 12,425 shares of the company’s stock worth $85,000 after acquiring an additional 1,917 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in SunOpta in the first quarter valued at approximately $93,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.
SunOpta Stock Performance
Shares of STKL opened at $6.02 on Friday. The firm has a market capitalization of $718.42 million, a PE ratio of -3.96 and a beta of 1.83. The company has a quick ratio of 0.61, a current ratio of 1.27 and a debt-to-equity ratio of 1.67. The firm has a 50-day moving average price of $6.25 and a 200 day moving average price of $5.88. SunOpta Inc. has a 52-week low of $3.72 and a 52-week high of $7.59.
Analysts Set New Price Targets
STKL has been the subject of a number of analyst reports. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. DA Davidson reissued a “buy” rating and issued a $9.00 price target on shares of SunOpta in a report on Thursday, October 10th.
Check Out Our Latest Report on SunOpta
SunOpta 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.
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