Hodges Capital Management Inc. Increases Position in SunOpta Inc. (NASDAQ:STKL)

Hodges Capital Management Inc. increased its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,646,861 shares of the company’s stock after acquiring an additional 42,232 shares during the period. SunOpta comprises approximately 1.7% of Hodges Capital Management Inc.’s portfolio, making the stock its 12th biggest holding. Hodges Capital Management Inc.’s holdings in SunOpta were worth $28,081,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in SunOpta in the third quarter valued at about $6,394,000. Geode Capital Management LLC raised its holdings in shares of SunOpta by 80.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock worth $13,579,000 after purchasing an additional 951,462 shares during the period. Rockefeller Capital Management L.P. lifted its stake in SunOpta by 16.6% in the third quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock valued at $35,122,000 after purchasing an additional 782,338 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in SunOpta by 65.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,761,922 shares of the company’s stock valued at $13,567,000 after purchasing an additional 698,004 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in SunOpta by 250.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock worth $4,848,000 after buying an additional 542,832 shares during the last quarter. 85.39% of the stock is owned by hedge funds and other institutional investors.

SunOpta Trading Down 2.0 %

Shares of STKL opened at $7.33 on Monday. SunOpta Inc. has a 52-week low of $4.88 and a 52-week high of $8.11. The stock’s 50-day simple moving average is $7.61 and its 200 day simple moving average is $6.71. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on STKL shares. DA Davidson reiterated a “buy” rating and set a $9.00 price target on shares of SunOpta in a research note on Thursday, October 10th. Stephens reiterated an “overweight” rating and set a $10.00 target price on shares of SunOpta in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, SunOpta has an average rating of “Moderate Buy” and an average price target of $9.50.

Insider Buying and Selling at SunOpta

In other SunOpta news, insider Robert Duchscher sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $7.33, for a total value of $366,500.00. Following the sale, the insider now owns 42,971 shares of the company’s stock, valued at $314,977.43. This trade represents a 53.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rebecca Fisher sold 13,142 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total value of $99,616.36. Following the transaction, the director now directly owns 108,500 shares of the company’s stock, valued at $822,430. The trade was a 10.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.48% of the company’s stock.

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.