Peregrine Capital Management LLC Boosts Position in SunOpta Inc. (NASDAQ:STKL)

Peregrine Capital Management LLC raised its holdings in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 829,718 shares of the company’s stock after buying an additional 14,767 shares during the period. Peregrine Capital Management LLC’s holdings in SunOpta were worth $6,389,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of SunOpta by 80.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock valued at $13,579,000 after acquiring an additional 951,462 shares in the last quarter. Rockefeller Capital Management L.P. raised its position 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 period. Harbor Capital Advisors Inc. lifted its stake in shares of SunOpta by 65.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,761,922 shares of the company’s stock worth $13,567,000 after purchasing an additional 698,004 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 period. Finally, Hodges Capital Management Inc. grew its stake in shares of SunOpta by 12.7% in the third quarter. Hodges Capital Management Inc. now owns 3,604,629 shares of the company’s stock valued at $22,998,000 after buying an additional 406,005 shares in the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

SunOpta Stock Performance

Shares of STKL opened at $7.46 on Wednesday. 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 Inc. has a one year low of $4.88 and a one year high of $8.11. The stock has a 50-day moving average price of $7.53 and a 200 day moving average price of $6.89.

Analyst Ratings Changes

A number of research firms have weighed in on STKL. Stephens restated an “overweight” rating and issued a $10.00 price target on shares of SunOpta in a report on Thursday, January 2nd. 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 assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.