Overbrook Management Corp Lowers stake in SunOpta (USA) (STKL)

SunOpta (USA) (STKL) : Overbrook Management Corp reduced its stake in SunOpta (USA) by 1.91% during the most recent quarter end. The investment management company now holds a total of 1,594,447 shares of SunOpta (USA) which is valued at $10,666,850 after selling 31,127 shares in SunOpta (USA) , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.SunOpta (USA) makes up approximately 2.11% of Overbrook Management Corp’s portfolio.

Other Hedge Funds, Including , Tfs Capital sold out all of its stake in STKL during the most recent quarter. The investment firm sold 11,091 shares of STKL which is valued $74,199.Essex Investment Management Co reduced its stake in STKL by selling 1,985 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 169,242 shares of STKL which is valued at $930,831. SunOpta (USA) makes up approx 0.15% of Essex Investment Management Co’s portfolio. 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 $6.51 and hit $6.64 on the upside on Tuesday, eventually ending the session at $6.55, with a gain of 0.61% or 0.04 points. The heightened volatility saw the trading volume jump to 3,42,084 shares. Company has a market cap of $561 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.

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