SunOpta (USA) (STKL) : Destrier Capital Management has sold out all of its stake in SunOpta (USA) during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 154,992 shares of SunOpta (USA) which is valued at $1,036,896.
Other Hedge Funds, Including , Group One Trading reduced its stake in STKL by selling 13,937 shares or 32.5% in the most recent quarter. The Hedge Fund company now holds 28,944 shares of STKL which is valued at $193,635. SunOpta (USA) makes up approx 0.02% of Group One Trading’s portfolio.Bard Associates Inc reduced its stake in STKL by selling 11,550 shares or 4.43% in the most recent quarter. The Hedge Fund company now holds 249,205 shares of STKL which is valued at $1,667,181. SunOpta (USA) makes up approx 0.83% of Bard Associates Inc’s portfolio. Tower Research Capital (trc) sold out all of its stake in STKL during the most recent quarter. The investment firm sold 9,171 shares of STKL which is valued $61,354.Gamco Investors Et Al boosted its stake in STKL in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 29,300 shares of SunOpta (USA) which is valued at $163,787. Ami Asset Management Corp sold out all of its stake in STKL during the most recent quarter. The investment firm sold 1,595,874 shares of STKL which is valued $8,122,999.
SunOpta (USA) opened for trading at $6.19 and hit $6.375 on the upside on Monday, eventually ending the session at $6.35, with a gain of 2.58% or 0.16 points. The heightened volatility saw the trading volume jump to 3,60,292 shares. Company has a market cap of $544 M.
On the company’s financial health, SunOpta (USA) reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus of $0.07. The company had revenue of $348.10 million for the quarter, compared to analysts expectations of $361.55 million. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
Many Wall Street Analysts have commented on SunOpta (USA). Company shares were Reiterated by DA Davidson on Aug 11, 2016 to “Buy”, Firm has raised the Price Target to $ 7.50 from a previous price target of $7 .
SunOpta Inc. is a global company operating businesses focused on healthy products portfolio. The Company specializes in sourcing processing and packaging of natural organic and specialty food products. It operates in three segments: Global Ingredients Consumer Products and Opta Minerals. It sources organic and non-genetically modified (non-GMO) crops from growers and suppliers. The Global Ingredients segment aggregates its North American-based Raw Material Sourcing and Supply and European-based International Sourcing and Supply operating segments. The Consumer Products segment manufactures and supplies branded and private label aseptic beverages; re-sealable pouch products; individually quick frozen (IQF) fruits and vegetables; fruit bases and toppings; juices; shelf stable juices and waters and fruit- and grain-based snacks. The Opta Minerals segment processes distributes and recycles industrial minerals; silica-free abrasives and specialty sands.