SunOpta Inc. (NASDAQ:STKL) Shares Bought by Price T Rowe Associates Inc. M.D

Price T Rowe Associates Inc. MD increased its holdings in shares of SunOpta Inc. (NASDAQ:STKL – Free Report) (TSE:SOY) by 13.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,913 shares of the company’s stock after purchasing an additional 3,171 shares during the period. Price T Rowe Associates Inc. MD’s holdings in SunOpta were worth $185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Partners acquired a new position in shares of SunOpta in the 4th quarter valued at $752,000. Granahan Investment Management LLC boosted its stake in SunOpta by 1,291.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,393,790 shares of the company’s stock valued at $13,094,000 after buying an additional 2,221,718 shares in the last quarter. Blair William & Co. IL boosted its stake in SunOpta by 77.0% in the first quarter. Blair William & Co. IL now owns 1,971,345 shares of the company’s stock valued at $13,543,000 after purchasing an additional 857,603 shares during the last quarter. First Trust Direct Indexing LP boosted its stake in SunOpta by 33.8% in the fourth quarter. First Trust Direct Indexing LP now owns 28,711 shares of the company’s stock valued at $157,000 after buying an additional 7,246 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of SunOpta in the 4th quarter valued at $1,375,000. Institutional investors and hedge funds own 85.39% of the company’s shares.

SunOpta Price Performance

STKL opened at $6.24 on Friday. The stock’s 50-day moving average price is $5.46 and its 200-day moving average price is $5.93. SunOpta Inc. has a 12-month low of $2.79 and a 12-month high of $7.59. The company has a current ratio of 1.27, a quick ratio of 0.61, and a debt-to-equity ratio of 1.67. The firm has a market cap of $745.24 million, a price-to-earnings ratio of -4.11 and a beta of 1.85.

SunOpta (NASDAQ:STKL – Get Your Free Report ) (TSE:SOY) last posted its earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. SunOpta had a positive return on equity of 6.51% and a negative net margin of 23.23%. The firm had revenue of $171.00 million for the quarter, compared to analyst estimates of $159.95 million. In the same quarter last year, the company earned ($0.03) EPS. SunOpta’s revenue fell 17.7% year over year. As a group, sell-side analysts expect SunOpta Inc. to post 0.14 earnings per share for the current year.

Changes in Analyst Ratings

Separately, StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.25.

Check out the latest stock analysis on SunOpta

SunOpta Company Profile

(Free Report)

SunOpta Inc is engaged in the manufacture and sale of plant and fruit based food and beverage products in the United States, Canada and internationally. The company provides plant-based beverages using oat, almond, soy, coconut, rice, hemp and other bases under the Dream and West Life brands; oat-based creams under the SOWN brand; ready-to-drink protein shakes; and beverages based on nuts, grains, seeds and legumes; packaged teas and concentrates; and meat and vegetable stock and broth.

See Also

Want to see what other hedge funds STKL owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for SunOpta Inc. (NASDAQ:STKL – Free Report) (TSE:SOY).

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