SunOpta, Inc. $STKL Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its stake in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 13.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,276,526 shares of the company’s stock after selling 204,500 shares during the quarter. Royce & Associates LP’s holdings in SunOpta were worth $7,480,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STKL. R Squared Ltd acquired a new position in SunOpta during the third quarter worth $77,000. Thornburg Investment Management Inc. increased its stake in shares of SunOpta by 12.4% during the third quarter. Thornburg Investment Management Inc. now owns 2,088,513 shares of the company’s stock worth $12,239,000 after purchasing an additional 230,226 shares in the last quarter. Heartland Advisors Inc. raised its position in shares of SunOpta by 2.6% during the 3rd quarter. Heartland Advisors Inc. now owns 1,248,775 shares of the company’s stock worth $7,318,000 after purchasing an additional 31,550 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of SunOpta by 47.3% during the 3rd quarter. GSA Capital Partners LLP now owns 333,839 shares of the company’s stock worth $1,956,000 after purchasing an additional 107,222 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in SunOpta by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,267,321 shares of the company’s stock valued at $13,286,000 after buying an additional 16,912 shares in the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

SunOpta Stock Down 0.5%

SunOpta stock opened at $6.46 on Wednesday. The firm has a 50 day moving average price of $5.07 and a 200 day moving average price of $5.13. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.37 and a current ratio of 0.98. SunOpta, Inc. has a fifty-two week low of $3.32 and a fifty-two week high of $6.94. The company has a market capitalization of $780.63 million, a PE ratio of 34.16 and a beta of 1.04.

Analyst Ratings Changes

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

About SunOpta

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.