Fox Run Management L.L.C. Sells 5,960 Shares of SunOpta Inc. (NASDAQ:STKL)

Fox Run Management L.L.C. cut its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,379 shares of the company’s stock after selling 5,960 shares during the period. Fox Run Management L.L.C.’s holdings in SunOpta were worth $80,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in STKL. EP Wealth Advisors LLC bought a new position in SunOpta during the third quarter worth about $79,000. D.A. Davidson & CO. bought a new position in SunOpta during the 4th quarter worth approximately $81,000. Paloma Partners Management Co acquired a new position in SunOpta during the third quarter valued at approximately $85,000. Quantinno Capital Management LP increased its stake in SunOpta by 33.1% in the third quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock valued at $86,000 after purchasing an additional 3,360 shares in the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of SunOpta during the fourth quarter worth $92,000. 85.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the sale, the senior vice president now directly owns 28,150 shares in the company, valued at $149,758. This trade represents a 23.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.48% of the company’s stock.

Analyst Ratings Changes

STKL has been the subject of several research analyst reports. Stephens reissued an “overweight” rating and issued a $10.00 price target on shares of SunOpta in a report on Thursday, January 2nd. StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th.

SunOpta Stock Down 3.4 %

Shares of STKL stock opened at $4.86 on Friday. The company has a market capitalization of $582.01 million, a price-to-earnings ratio of -27.00 and a beta of 1.90. SunOpta Inc. has a 12-month low of $4.83 and a 12-month high of $8.11. The firm has a fifty day moving average of $6.55 and a 200-day moving average of $6.89. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $193.91 million for the quarter, compared to the consensus estimate of $189.90 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. As a group, equities research analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

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.