Harbor Capital Advisors Inc. Has $3.38 Million Stock Position in SunOpta, Inc. $STKL

Harbor Capital Advisors Inc. reduced its position in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 68.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 577,399 shares of the company’s stock after selling 1,254,541 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in SunOpta were worth $3,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Union Bancaire Privee UBP SA lifted its position in SunOpta by 24.9% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 40,828 shares of the company’s stock worth $239,000 after acquiring an additional 8,149 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of SunOpta by 132.5% in the second quarter. Tower Research Capital LLC TRC now owns 12,460 shares of the company’s stock worth $72,000 after purchasing an additional 7,101 shares during the period. Tidal Investments LLC increased its stake in shares of SunOpta by 14.0% in the second quarter. Tidal Investments LLC now owns 97,642 shares of the company’s stock worth $566,000 after purchasing an additional 11,995 shares during the period. Scopus Asset Management L.P. acquired a new position in shares of SunOpta during the 2nd quarter worth about $285,000. Finally, Oxford Asset Management LLP acquired a new position in shares of SunOpta during the 2nd quarter worth about $109,000. Institutional investors own 85.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Zacks Research lowered SunOpta from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings restated a “sell (d)” rating on shares of SunOpta in a research note on Monday. Finally, Mizuho dropped their target price on shares of SunOpta from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.00.

Insiders Place Their Bets

In other SunOpta news, CFO Greg Gaba purchased 15,000 shares of the stock in a transaction on Monday, November 24th. The shares were purchased at an average price of $3.39 per share, with a total value of $50,850.00. Following the acquisition, the chief financial officer directly owned 110,970 shares of the company’s stock, valued at $376,188.30. This represents a 15.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by corporate insiders.

SunOpta Trading Up 3.4%

SunOpta stock opened at $3.79 on Thursday. The business has a 50 day moving average price of $4.29 and a two-hundred day moving average price of $5.47. The company has a quick ratio of 0.37, a current ratio of 0.98 and a debt-to-equity ratio of 1.34. SunOpta, Inc. has a 12 month low of $3.32 and a 12 month high of $7.93. The stock has a market cap of $457.04 million, a price-to-earnings ratio of 19.26 and a beta of 1.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $205.41 million for the quarter, compared to analysts’ expectations of $195.57 million. SunOpta had a return on equity of 14.91% and a net margin of 0.16%. As a group, equities analysts forecast that SunOpta, Inc. will post 0.13 EPS for the current year.

About SunOpta

SunOpta Inc (NASDAQ: STKL) is a Canada-based company specializing in the sourcing, processing and packaging of organic and non-GMO plant-based foods and beverages. The company’s product portfolio spans a wide range of offerings, including non-dairy beverages such as oat, almond, soy and coconut drinks, fruit and plant-based beverages, and ingredient solutions for food manufacturers and foodservice customers. SunOpta’s integrated supply chain extends from ingredient sourcing and raw material preparation through to finished product formulation and packaging.

SunOpta operates through two primary business segments: Global Beverages and Global Ingredients.