Zurcher Kantonalbank Zurich Cantonalbank Trims Holdings in SunOpta, Inc. (STKL)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 2.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,681,638 shares of the company’s stock after selling 41,857 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SunOpta were worth $12,342,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of STKL. FMR LLC boosted its stake in SunOpta by 9.9% in the third quarter. FMR LLC now owns 3,583,533 shares of the company’s stock valued at $26,339,000 after acquiring an additional 323,483 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in SunOpta in the third quarter valued at about $200,000. Gilder Gagnon Howe & Co. LLC boosted its stake in SunOpta by 71.4% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,508,545 shares of the company’s stock valued at $11,088,000 after acquiring an additional 628,372 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in SunOpta by 3.6% in the third quarter. Essex Investment Management Co. LLC now owns 241,116 shares of the company’s stock valued at $1,772,000 after acquiring an additional 8,309 shares during the last quarter. Finally, Engaged Capital LLC boosted its stake in SunOpta by 1.5% in the second quarter. Engaged Capital LLC now owns 6,856,907 shares of the company’s stock valued at $57,598,000 after acquiring an additional 100,000 shares during the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:STKL opened at $4.37 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.38 and a current ratio of 1.23. SunOpta, Inc. has a one year low of $4.14 and a one year high of $9.10. The firm has a market capitalization of $381.83 million, a PE ratio of -31.21 and a beta of 1.17.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its earnings results on Wednesday, November 7th. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). SunOpta had a negative net margin of 10.52% and a negative return on equity of 7.59%. The company had revenue of $308.37 million for the quarter, compared to analyst estimates of $317.80 million. Research analysts expect that SunOpta, Inc. will post -0.22 EPS for the current fiscal year.

A number of research analysts have weighed in on STKL shares. Zacks Investment Research cut shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. TheStreet cut shares of SunOpta from a “c-” rating to a “d+” rating in a research note on Friday, November 9th. ValuEngine cut shares of SunOpta from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. Finally, BidaskClub cut shares of SunOpta from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.00.

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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.

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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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