Epiq Partners LLC Buys 3,750 Shares of SunOpta Inc. (NASDAQ:STKL)

Epiq Partners LLC lifted its position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,455 shares of the company’s stock after acquiring an additional 3,750 shares during the quarter. SunOpta makes up approximately 1.4% of Epiq Partners LLC’s portfolio, making the stock its 26th largest position. Epiq Partners LLC owned about 0.25% of SunOpta worth $2,030,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in SunOpta by 4.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,984 shares of the company’s stock worth $334,000 after acquiring an additional 2,578 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of SunOpta by 50.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,189 shares of the company’s stock worth $34,000 after purchasing an additional 3,439 shares during the period. Signaturefd LLC raised its stake in shares of SunOpta by 89.3% during the 4th quarter. Signaturefd LLC now owns 14,506 shares of the company’s stock worth $79,000 after purchasing an additional 6,843 shares during the period. First Trust Direct Indexing L.P. boosted its holdings in shares of SunOpta by 33.8% in the 4th quarter. First Trust Direct Indexing L.P. now owns 28,711 shares of the company’s stock worth $157,000 after buying an additional 7,246 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its position in SunOpta by 40.3% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 26,130 shares of the company’s stock valued at $143,000 after buying an additional 7,500 shares during the period. Institutional investors own 85.39% of the company’s stock.

SunOpta Stock Down 0.7 %

Shares of NASDAQ STKL traded down $0.04 during mid-day trading on Thursday, hitting $5.46. The company had a trading volume of 153,010 shares, compared to its average volume of 834,990. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.22 and a quick ratio of 0.63. SunOpta Inc. has a 1 year low of $2.79 and a 1 year high of $7.59. The stock’s 50-day moving average price is $5.74 and its 200-day moving average price is $5.93.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. SunOpta had a positive return on equity of 2.50% and a negative net margin of 24.00%. The business had revenue of $182.80 million during the quarter, compared to analyst estimates of $168.87 million. During the same quarter in the previous year, the firm earned $0.05 EPS. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, sell-side analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on STKL shares. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th. Canaccord Genuity Group increased their price objective on SunOpta from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, February 29th. BMO Capital Markets raised their target price on SunOpta from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, DA Davidson upped their price target on SunOpta from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $9.25.

SunOpta Company Profile

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.