Essex Investment Management Co. LLC Has $5.61 Million Stock Position in SunOpta Inc. (NASDAQ:STKL)

Essex Investment Management Co. LLC reduced its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 728,311 shares of the company’s stock after selling 82,877 shares during the quarter. SunOpta accounts for 1.0% of Essex Investment Management Co. LLC’s holdings, making the stock its 21st biggest holding. Essex Investment Management Co. LLC owned approximately 0.61% of SunOpta worth $5,608,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of SunOpta by 250.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock worth $4,848,000 after purchasing an additional 542,832 shares in the last quarter. PDT Partners LLC acquired a new stake in SunOpta in the third quarter valued at about $726,000. State Street Corp boosted its stake in SunOpta by 18.9% in the third quarter. State Street Corp now owns 1,827,273 shares of the company’s stock valued at $11,658,000 after buying an additional 290,372 shares in the last quarter. Barclays PLC boosted its stake in SunOpta by 103.3% in the third quarter. Barclays PLC now owns 178,954 shares of the company’s stock valued at $1,142,000 after buying an additional 90,937 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in SunOpta by 80.9% in the third quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock valued at $13,579,000 after buying an additional 951,462 shares in the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.

SunOpta Stock Performance

Shares of STKL stock opened at $6.01 on Friday. The business’s 50-day moving average price is $7.20 and its 200-day moving average price is $6.96. SunOpta Inc. has a 12 month low of $4.88 and a 12 month high of $8.11. The firm has a market capitalization of $719.63 million, a price-to-earnings ratio of -33.39 and a beta of 1.90. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The firm had revenue of $193.91 million for the quarter, compared to analyst estimates of $189.90 million. Equities research analysts forecast that SunOpta Inc. will post 0.13 EPS for the current year.

Analyst Upgrades and Downgrades

STKL has been the topic of several research analyst reports. Stephens reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of SunOpta in a research note on Thursday, January 2nd. StockNews.com lowered SunOpta from a “hold” rating to a “sell” rating in a research note on Monday, March 3rd.

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.