SunOpta Inc. (NASDAQ:STKL) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 127.6% during the third quarter, HoldingsChannel reports. The firm owned 1,063,918 shares of the company’s stock after buying an additional 596,403 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in SunOpta were worth $6,788,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in SunOpta by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,064,115 shares of the company’s stock valued at $27,346,000 after buying an additional 56,560 shares during the last quarter. Hodges Capital Management Inc. lifted its holdings in SunOpta by 11.2% during the 2nd quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company’s stock worth $17,273,000 after buying an additional 323,397 shares during the last quarter. Blair William & Co. IL boosted its position in shares of SunOpta by 77.0% during the 1st quarter. Blair William & Co. IL now owns 1,971,345 shares of the company’s stock worth $13,543,000 after acquiring an additional 857,603 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of SunOpta by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 1,396,724 shares of the company’s stock valued at $7,542,000 after acquiring an additional 751,126 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of SunOpta by 52.5% during the 2nd quarter. Millennium Management LLC now owns 1,333,948 shares of the company’s stock worth $7,202,000 after acquiring an additional 459,053 shares in the last quarter. 85.39% of the stock is currently owned by institutional investors and hedge funds.

SunOpta Stock Up 3.9 %

Shares of NASDAQ STKL opened at $6.80 on Friday. The stock has a market cap of $812.26 million, a PE ratio of -4.89 and a beta of 1.83. SunOpta Inc. has a 52-week low of $3.80 and a 52-week high of $7.59. The business has a 50-day moving average price of $6.23 and a 200 day moving average price of $5.86. The company has a quick ratio of 0.61, a current ratio of 1.27 and a debt-to-equity ratio of 1.67.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $171.00 million for the quarter, compared to analyst estimates of $159.95 million. During the same period last year, the firm posted ($0.03) earnings per share. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities research analysts forecast that SunOpta Inc. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on STKL. DA Davidson reaffirmed a “buy” rating and issued a $9.00 price target on shares of SunOpta in a report on Thursday, October 10th. StockNews.com cut shares of SunOpta from a “hold” rating to a “sell” rating in a report on Friday.

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.