Hollencrest Capital Management Has $169,000 Position in SunOpta Inc. (NASDAQ:STKL)

Hollencrest Capital Management lifted its stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 29.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,000 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Hollencrest Capital Management’s holdings in SunOpta were worth $169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE increased its holdings in shares of SunOpta by 139.3% in the third quarter. US Bancorp DE now owns 8,197 shares of the company’s stock valued at $52,000 after purchasing an additional 4,772 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of SunOpta in the fourth quarter valued at approximately $81,000. Mutual Advisors LLC acquired a new stake in shares of SunOpta in the fourth quarter valued at approximately $92,000. EP Wealth Advisors LLC acquired a new stake in shares of SunOpta in the third quarter valued at approximately $79,000. Finally, Paloma Partners Management Co acquired a new stake in shares of SunOpta in the third quarter valued at approximately $85,000. Institutional investors and hedge funds own 85.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STKL. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday. Stephens reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of SunOpta in a research note on Thursday, January 2nd.

SunOpta Price Performance

Shares of STKL stock opened at $5.67 on Thursday. SunOpta Inc. has a 52-week low of $4.88 and a 52-week high of $8.11. The stock has a market cap of $678.92 million, a PE ratio of -31.50 and a beta of 1.90. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. The firm’s 50 day moving average price is $7.08 and its two-hundred day moving average price is $6.95.

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

SunOpta 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.