Commonwealth Equity Services LLC trimmed its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 51.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,528 shares of the company’s stock after selling 40,869 shares during the period. Commonwealth Equity Services LLC’s holdings in SunOpta were worth $344,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its stake in shares of SunOpta by 125.4% during the third quarter. Vontobel Holding Ltd. now owns 172,755 shares of the company’s stock worth $1,543,000 after purchasing an additional 96,111 shares during the period. Epiq Partners LLC increased its stake in shares of SunOpta by 8.5% during the third quarter. Epiq Partners LLC now owns 160,175 shares of the company’s stock worth $1,430,000 after purchasing an additional 12,600 shares during the period. Hollencrest Capital Management increased its stake in shares of SunOpta by 51.1% during the third quarter. Hollencrest Capital Management now owns 17,000 shares of the company’s stock worth $152,000 after purchasing an additional 5,750 shares during the period. CAPROCK Group Inc. bought a new position in SunOpta during the 3rd quarter worth $98,000. Finally, Hodges Capital Management Inc. increased its stake in SunOpta by 58.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 837,780 shares of the company’s stock worth $7,481,000 after acquiring an additional 309,019 shares during the period. 70.32% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on the company. reduced their target price on SunOpta from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, November 11th. Zacks Investment Research lowered SunOpta from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, TheStreet lowered SunOpta from a “c” rating to a “d+” rating in a research report on Wednesday, November 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $15.92.
SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings data on Wednesday, November 10th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $198.48 million during the quarter, compared to analyst estimates of $206.76 million. SunOpta had a return on equity of 1.70% and a net margin of 8.70%. During the same period in the previous year, the company posted ($0.01) EPS. On average, equities analysts forecast that SunOpta Inc. will post 0.05 earnings per share for the current year.
SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.
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