Kennedy Capital Management LLC Has $4.77 Million Stake in SunOpta Inc. (NASDAQ:STKL)

Kennedy Capital Management LLC trimmed its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 693,726 shares of the company’s stock after selling 19,359 shares during the period. Kennedy Capital Management LLC owned about 0.59% of SunOpta worth $4,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Paloma Partners Management Co acquired a new position in SunOpta in the first quarter valued at about $93,000. Price T Rowe Associates Inc. MD boosted its position in shares of SunOpta by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,913 shares of the company’s stock worth $185,000 after buying an additional 3,171 shares during the period. Vanguard Group Inc. boosted its position in shares of SunOpta by 7.5% during the first quarter. Vanguard Group Inc. now owns 642,505 shares of the company’s stock worth $4,414,000 after buying an additional 44,905 shares during the period. Blair William & Co. IL boosted its position in shares of SunOpta by 77.0% during the first quarter. Blair William & Co. IL now owns 1,971,345 shares of the company’s stock worth $13,543,000 after buying an additional 857,603 shares during the period. Finally, HBK Sorce Advisory LLC acquired a new position in shares of SunOpta during the first quarter worth about $211,000. 85.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut SunOpta from a “hold” rating to a “sell” rating in a research report on Sunday, July 14th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $9.25.

SunOpta Stock Down 0.8 %

NASDAQ STKL traded down $0.04 during trading hours on Tuesday, hitting $5.16. 297,845 shares of the company traded hands, compared to its average volume of 788,973. The business’s 50-day moving average is $5.46 and its 200-day moving average is $5.95. SunOpta Inc. has a twelve month low of $2.79 and a twelve month high of $7.59. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.63 and a current ratio of 1.22. The stock has a market capitalization of $615.79 million, a price-to-earnings ratio of -3.38 and a beta of 1.85.

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