SunOpta Inc. (NASDAQ:STKL) Shares Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC lifted its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 829,718 shares of the company’s stock after acquiring an additional 14,767 shares during the period. Peregrine Capital Management LLC owned 0.69% of SunOpta worth $6,389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STKL. US Bancorp DE boosted its stake in shares of SunOpta by 139.3% during the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company’s stock worth $52,000 after purchasing an additional 4,772 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of SunOpta during the third quarter valued at approximately $79,000. D.A. Davidson & CO. purchased a new position in shares of SunOpta during the fourth quarter valued at approximately $81,000. Paloma Partners Management Co acquired a new stake in SunOpta during the third quarter worth approximately $85,000. Finally, Quantinno Capital Management LP grew its stake in SunOpta by 33.1% in the 3rd 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. Hedge funds and other institutional investors own 85.39% of the company’s stock.

SunOpta Trading Down 2.4 %

Shares of STKL opened at $7.46 on Wednesday. SunOpta Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The company’s fifty day moving average is $7.53 and its two-hundred day moving average is $6.89. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61.

Wall Street Analysts Forecast Growth

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

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.