Quantinno Capital Management LP Has $86,000 Stock Holdings in SunOpta Inc. (NASDAQ:STKL)

Quantinno Capital Management LP raised its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 33.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,522 shares of the company’s stock after acquiring an additional 3,360 shares during the quarter. Quantinno Capital Management LP’s holdings in SunOpta were worth $86,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of STKL. First Bank & Trust increased its holdings in SunOpta by 7.9% in the third quarter. First Bank & Trust now owns 25,409 shares of the company’s stock valued at $162,000 after purchasing an additional 1,856 shares during the period. Mackenzie Financial Corp increased its stake in shares of SunOpta by 0.9% in the second quarter. Mackenzie Financial Corp now owns 254,678 shares of the company’s stock valued at $1,370,000 after buying an additional 2,155 shares during the period. Creative Planning raised its position in shares of SunOpta by 9.3% during the third quarter. Creative Planning now owns 30,716 shares of the company’s stock worth $196,000 after acquiring an additional 2,617 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of SunOpta by 10.5% in the second quarter. The Manufacturers Life Insurance Company now owns 36,958 shares of the company’s stock worth $200,000 after acquiring an additional 3,521 shares during the period. Finally, US Bancorp DE boosted its holdings in SunOpta by 139.3% in the third quarter. US Bancorp DE now owns 8,197 shares of the company’s stock valued at $52,000 after acquiring an additional 4,772 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

SunOpta Stock Up 1.4 %

SunOpta stock opened at $7.86 on Wednesday. The company has a market capitalization of $939.04 million, a PE ratio of -43.67 and a beta of 1.78. SunOpta Inc. has a 12-month low of $4.62 and a 12-month high of $8.11. The firm’s fifty day moving average is $7.08 and its 200 day moving average is $6.26. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61.

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on STKL shares. Stephens boosted their price target on shares of SunOpta from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. DA Davidson restated a “buy” rating and issued a $9.00 target price on shares of SunOpta in a report on Thursday, October 10th. Finally, StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, SunOpta has an average rating of “Moderate Buy” and an average price target of $9.50.

SunOpta Company 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.