SunOpta Inc. (NASDAQ:STKL) Shares Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. grew its position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 12.7% during the third quarter, Holdings Channel reports. The firm owned 3,604,629 shares of the company’s stock after acquiring an additional 406,005 shares during the quarter. SunOpta makes up approximately 1.5% of Hodges Capital Management Inc.’s portfolio, making the stock its 16th biggest holding. Hodges Capital Management Inc.’s holdings in SunOpta were worth $22,998,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Bank & Trust grew its holdings in shares of SunOpta by 7.9% in the third quarter. First Bank & Trust now owns 25,409 shares of the company’s stock valued at $162,000 after purchasing an additional 1,856 shares in the last quarter. Mackenzie Financial Corp boosted its position in SunOpta by 0.9% in the 2nd quarter. Mackenzie Financial Corp now owns 254,678 shares of the company’s stock valued at $1,370,000 after buying an additional 2,155 shares during the period. Creative Planning grew its stake in shares of SunOpta by 9.3% in the third quarter. Creative Planning now owns 30,716 shares of the company’s stock worth $196,000 after acquiring an additional 2,617 shares in the last quarter. Price T Rowe Associates Inc. MD increased 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 acquiring an additional 3,171 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of SunOpta by 33.1% during the third quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock worth $86,000 after acquiring an additional 3,360 shares during the period. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SunOpta

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

Wall Street Analyst Weigh In

STKL has been the subject of a number of recent research reports. StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Stephens lifted their price objective on SunOpta from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $9.00 target price on shares of SunOpta in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, SunOpta has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

SunOpta Stock Down 1.3 %

Shares of NASDAQ STKL opened at $7.79 on Friday. The business has a 50-day moving average of $6.85 and a two-hundred day moving average of $6.14. SunOpta Inc. has a 1 year low of $4.62 and a 1 year high of $8.11. 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 announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $176.22 million for the quarter, compared to analyst estimates of $172.30 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. Research analysts anticipate that SunOpta Inc. will post 0.13 EPS 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.