Hodges Capital Management Inc. Sells 640,719 Shares of SunOpta Inc. (NASDAQ:STKL)

Hodges Capital Management Inc. lowered its stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 18.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,875,227 shares of the company’s stock after selling 640,719 shares during the quarter. SunOpta comprises approximately 1.3% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Hodges Capital Management Inc. owned 2.43% of SunOpta worth $19,753,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Epiq Partners LLC raised its holdings in shares of SunOpta by 1.3% in the first quarter. Epiq Partners LLC now owns 295,455 shares of the company’s stock valued at $2,030,000 after purchasing an additional 3,750 shares during the last quarter. Spouting Rock Asset Management LLC acquired a new stake in shares of SunOpta in the fourth quarter valued at approximately $108,000. Granahan Investment Management LLC raised its holdings in shares of SunOpta by 1,291.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,393,790 shares of the company’s stock valued at $13,094,000 after purchasing an additional 2,221,718 shares during the last quarter. CastleKnight Management LP acquired a new stake in shares of SunOpta in the fourth quarter valued at approximately $8,743,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of SunOpta by 300.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 19,821 shares of the company’s stock valued at $108,000 after purchasing an additional 14,876 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

SunOpta Stock Down 3.2 %

STKL traded down $0.18 during trading on Friday, reaching $5.40. 965,347 shares of the stock were exchanged, compared to its average volume of 485,763. SunOpta Inc. has a twelve month low of $2.79 and a twelve month high of $7.59. The stock’s 50 day moving average price is $5.72 and its two-hundred day moving average price is $5.93. 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 (NASDAQ:STKL) (TSE:SOY) last issued its earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. SunOpta had a negative net margin of 24.00% and a positive return on equity of 2.50%. The business had revenue of $182.80 million for the quarter, compared to the consensus estimate of $168.87 million. During the same period in the previous year, the company earned $0.05 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities analysts forecast that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

STKL has been the topic of a number of recent research reports. StockNews.com downgraded shares of SunOpta from a “hold” rating to a “sell” rating in a report on Friday. DA Davidson lifted their price objective on shares of SunOpta from $8.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, SunOpta has an average rating of “Moderate Buy” and an average target price 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.