SunOpta Inc. (NASDAQ:STKL) Position Trimmed by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. decreased its holdings in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 51.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,571 shares of the company’s stock after selling 50,520 shares during the period. Cornercap Investment Counsel Inc.’s holdings in SunOpta were worth $310,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in SunOpta by 321.9% during the second quarter. Harbor Capital Advisors Inc. now owns 467,515 shares of the company’s stock valued at $2,525,000 after purchasing an additional 356,700 shares during the last quarter. Hodges Capital Management Inc. increased its stake in SunOpta by 11.2% during the second quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company’s stock valued at $17,273,000 after purchasing an additional 323,397 shares during the last quarter. Vanguard Group Inc. increased its stake in SunOpta by 7.5% during the first quarter. Vanguard Group Inc. now owns 642,505 shares of the company’s stock valued at $4,414,000 after purchasing an additional 44,905 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of SunOpta during the third quarter valued at $6,394,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $185,000 after acquiring an additional 3,171 shares during the period. Institutional investors own 85.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on STKL shares. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Stephens boosted their price objective on SunOpta from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, DA Davidson restated a “buy” rating and set a $9.00 price objective on shares of SunOpta in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

SunOpta Trading Down 3.3 %

NASDAQ:STKL opened at $7.29 on Monday. The stock’s 50 day moving average price is $6.52 and its 200 day moving average price is $5.92. SunOpta Inc. has a 52 week low of $4.37 and a 52 week high of $7.75. The company has a market capitalization of $870.78 million, a P/E ratio of -40.50 and a beta of 1.83. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The firm had revenue of $176.22 million for the quarter, compared to the consensus estimate of $172.30 million. On average, research analysts forecast that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other SunOpta news, insider Robert Duchscher sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $7.33, for a total transaction of $366,500.00. Following the completion of the sale, the insider now owns 42,971 shares of the company’s stock, valued at $314,977.43. This represents a 53.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.48% of the company’s stock.

About SunOpta

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.