Fortis Group Advisors LLC Buys 32,777 Shares of SunOpta Inc. (NASDAQ:STKL)

Fortis Group Advisors LLC grew its position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 224.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,404 shares of the company’s stock after purchasing an additional 32,777 shares during the quarter. Fortis Group Advisors LLC’s holdings in SunOpta were worth $365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of STKL. US Bancorp DE boosted its holdings in SunOpta by 139.3% during the third quarter. US Bancorp DE now owns 8,197 shares of the company’s stock valued at $52,000 after acquiring an additional 4,772 shares during the period. D.A. Davidson & CO. bought a new stake in SunOpta during the 4th quarter valued at approximately $81,000. Mutual Advisors LLC bought a new position in SunOpta in the 4th quarter worth approximately $92,000. EP Wealth Advisors LLC acquired a new position in shares of SunOpta during the third quarter worth approximately $79,000. Finally, Paloma Partners Management Co bought a new stake in shares of SunOpta in the third quarter valued at approximately $85,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.

SunOpta Stock Performance

Shares of SunOpta stock opened at $7.64 on Tuesday. SunOpta Inc. has a 52-week low of $4.88 and a 52-week high of $8.11. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The company’s fifty day moving average price is $7.54 and its two-hundred day moving average price is $6.87.

Analysts Set New Price Targets

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

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.