Legato Capital Management LLC Has $1.07 Million Stock Holdings in SunOpta Inc. (NASDAQ:STKL)

Legato Capital Management LLC lowered its position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 23.0% in the fourth quarter, HoldingsChannel reports. The firm owned 139,100 shares of the company’s stock after selling 41,641 shares during the period. Legato Capital Management LLC’s holdings in SunOpta were worth $1,071,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in STKL. US Bancorp DE grew its stake in SunOpta by 139.3% during the third quarter. US Bancorp DE now owns 8,197 shares of the company’s stock worth $52,000 after buying an additional 4,772 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of SunOpta in the third quarter valued at approximately $79,000. Paloma Partners Management Co acquired a new position in shares of SunOpta in the 3rd quarter worth approximately $85,000. Quantinno Capital Management LP grew its position in SunOpta by 33.1% during the 3rd quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock worth $86,000 after acquiring an additional 3,360 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new stake in SunOpta during the 4th quarter valued at $92,000. 85.39% of the stock is owned by institutional investors.

SunOpta Trading Down 0.4 %

STKL stock opened at $7.36 on Thursday. The company has a 50 day moving average price of $7.55 and a 200 day moving average price of $6.83. SunOpta Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Stephens reissued an “overweight” rating and issued a $10.00 price objective on shares of SunOpta in a research note on Thursday, January 2nd. StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, SunOpta has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Insider Activity

In other news, Director Rebecca Fisher sold 13,142 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total value of $99,616.36. Following the transaction, the director now owns 108,500 shares of the company’s stock, valued at approximately $822,430. This trade represents a 10.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.48% of the company’s stock.

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.