SG Americas Securities LLC Purchases 10,582 Shares of SunOpta Inc. (NASDAQ:STKL)

SG Americas Securities LLC increased its position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,012,814 shares of the company’s stock after purchasing an additional 10,582 shares during the period. SG Americas Securities LLC owned approximately 0.85% of SunOpta worth $7,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in shares of 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 period. EP Wealth Advisors LLC acquired a new stake in SunOpta in the 3rd quarter worth about $79,000. Tealwood Asset Management Inc. acquired a new position in shares of SunOpta during the 3rd quarter worth approximately $80,000. Paloma Partners Management Co bought a new position in shares of SunOpta during the third quarter worth approximately $85,000. Finally, Quantinno Capital Management LP raised its position in shares of SunOpta by 33.1% in the third quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock valued at $86,000 after buying an additional 3,360 shares in the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SunOpta

In other SunOpta news, Director Rebecca Fisher sold 13,142 shares of the stock in a transaction dated Tuesday, November 19th. The stock was 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 directly owns 108,500 shares in the company, valued at approximately $822,430. This trade represents a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Duchscher sold 50,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $7.33, for a total value of $366,500.00. Following the sale, the insider now owns 42,971 shares in the company, valued at approximately $314,977.43. This trade represents a 53.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.48% of the company’s stock.

SunOpta Trading Up 0.8 %

SunOpta stock opened at $7.26 on Friday. The stock has a fifty day moving average of $7.63 and a 200-day moving average of $6.62. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. SunOpta Inc. has a 52 week low of $4.88 and a 52 week high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $176.22 million during the quarter, compared to analysts’ expectations of $172.30 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. Equities research analysts forecast that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Stephens restated an “overweight” rating and set a $10.00 price objective on shares of SunOpta in a research note on Thursday, January 2nd. StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, DA Davidson reaffirmed a “buy” rating and set a $9.00 price objective on shares of SunOpta in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

About SunOpta

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.