SunOpta Inc. (NASDAQ:STKL) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd boosted its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 193.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,740 shares of the company’s stock after purchasing an additional 51,943 shares during the quarter. XTX Topco Ltd’s holdings in SunOpta were worth $425,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of STKL. Principal Financial Group Inc. grew its position in shares of SunOpta by 18.2% during the first quarter. Principal Financial Group Inc. now owns 12,425 shares of the company’s stock worth $85,000 after buying an additional 1,917 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in SunOpta by 13.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,913 shares of the company’s stock worth $185,000 after acquiring an additional 3,171 shares in the last quarter. Epiq Partners LLC increased its position in shares of SunOpta by 1.3% in the 1st quarter. Epiq Partners LLC now owns 295,455 shares of the company’s stock valued at $2,030,000 after purchasing an additional 3,750 shares during the last quarter. Johnson Investment Counsel Inc. raised its holdings in shares of SunOpta by 39.4% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 18,172 shares of the company’s stock valued at $98,000 after purchasing an additional 5,136 shares in the last quarter. Finally, First Dallas Securities Inc. lifted its position in shares of SunOpta by 13.3% during the 2nd quarter. First Dallas Securities Inc. now owns 47,000 shares of the company’s stock worth $254,000 after purchasing an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.

SunOpta Trading Up 0.6 %

Shares of SunOpta stock opened at $6.72 on Thursday. 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 company has a fifty day simple moving average of $5.92 and a 200-day simple moving average of $5.94. The stock has a market cap of $802.57 million, a price-to-earnings ratio of -4.42 and a beta of 1.82. SunOpta Inc. has a 12-month low of $2.79 and a 12-month high of $7.59.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. SunOpta had a negative net margin of 23.23% and a positive return on equity of 6.51%. The company had revenue of $171.00 million during the quarter, compared to the consensus estimate of $159.95 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. SunOpta’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, equities analysts forecast that SunOpta Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut SunOpta from a “hold” rating to a “sell” rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.25.

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.