Investors Buy High Volume of Call Options on SunOpta (STKL)

SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) saw some unusual options trading activity on Thursday. Traders bought 5,675 call options on the stock. This is an increase of 10,218% compared to the typical daily volume of 55 call options.

NASDAQ:STKL opened at $5.24 on Friday. SunOpta has a one year low of $5.00 and a one year high of $9.10. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.40 and a current ratio of 1.23. The firm has a market capitalization of $597.01 million, a price-to-earnings ratio of -37.43 and a beta of 1.17.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, November 7th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). SunOpta had a negative net margin of 10.53% and a negative return on equity of 6.70%. The company had revenue of $308.37 million for the quarter, compared to analyst estimates of $317.80 million. Sell-side analysts anticipate that SunOpta will post -0.18 earnings per share for the current year.

Several equities research analysts have commented on STKL shares. BidaskClub lowered shares of SunOpta from a “sell” rating to a “strong sell” rating in a report on Thursday, September 13th. Zacks Investment Research lowered shares of SunOpta from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. Finally, ValuEngine raised shares of SunOpta from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th.

Several hedge funds have recently bought and sold shares of the company. Engaged Capital LLC boosted its stake in shares of SunOpta by 1.5% during the 2nd quarter. Engaged Capital LLC now owns 6,856,907 shares of the company’s stock worth $57,598,000 after acquiring an additional 100,000 shares in the last quarter. FMR LLC boosted its stake in shares of SunOpta by 9.9% during the 3rd quarter. FMR LLC now owns 3,583,533 shares of the company’s stock worth $26,339,000 after acquiring an additional 323,483 shares in the last quarter. Ardsley Advisory Partners boosted its stake in shares of SunOpta by 12.3% during the 2nd quarter. Ardsley Advisory Partners now owns 2,976,801 shares of the company’s stock worth $25,005,000 after acquiring an additional 325,000 shares in the last quarter. Overbrook Management Corp boosted its stake in shares of SunOpta by 103.6% during the 2nd quarter. Overbrook Management Corp now owns 2,238,273 shares of the company’s stock worth $18,801,000 after acquiring an additional 1,138,822 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of SunOpta by 3.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,723,495 shares of the company’s stock worth $14,507,000 after acquiring an additional 57,148 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

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SunOpta Company Profile

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, Mexico, and Ethiopia. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

Further Reading: Dollar Cost Averaging

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