117 institutions hold shares in SunOpta Inc. (STKL), with 3.28M shares held by insiders accounting for 3.65% while institutional investors hold 75.79% of the company’s shares. The shares outstanding are 89.64M, and float is at 86.45M with Short Float at 1.33%. Institutions hold 73.03% of the Float.
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The top institutional shareholder in the company is Engaged Capital, LLC with over 9.82 million shares valued at $72.9 million. The investor’s holdings represent 10.84% of the STKL Shares outstanding. As of Sep 29, 2020, the second largest holder is Ardsley Advisory Partners with 8.38 million shares valued at $62.17 million to account for 9.24% of the shares outstanding. The other top investors are Oaktree Capital Management, LP which holds 8.09 million shares representing 8.93% and valued at over $60.05 million, while Barrow, Hanley Mewhinney & Strauss, LLC holds 6.56% of the shares totaling 5.95 million with a market value of $44.14 million.
SunOpta Inc. (NASDAQ: STKL) is 30.21% higher on its value in year-to-date trading and has touched a low of $1.33 and a high of $17.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The STKL stock was last observed hovering at around $15.54 in the last trading session, with the day’s loss setting it -0.35% off its average median price target of $18.00 for the next 12 months. It is also 15.61% off the consensus price target high of $18.00 offered by 4 analysts, but current levels are -1.27% lower than the price target low of $15.00 for the same period.
Currently trading at $15.19, the stock is -2.10% and 17.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.69 million and changing -2.22% at the moment leaves the stock 87.91% off its SMA200. STKL registered 515.18% gain for a year compared to 6-month gain of 124.12%. The firm has a 50-day simple moving average (SMA 50) of $14.24 and a 200-day simple moving average (SMA200) of $9.64.
The stock witnessed a 16.26% loss in the last 1 month and extending the period to 3 months gives it a 64.45%, and is -4.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.97% over the week and 6.12% over the month.
SunOpta Inc. (STKL) has around 1900 employees, a market worth around $1.33B and $1.26B in sales. Fwd P/E is 163.39. Profit margin for the company is -0.80%. Distance from 52-week low is 1042.48% and -10.96% from its 52-week high. The company has generated returns on investments over the last 12 months (5.40%).
SunOpta Inc. (STKL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for SunOpta Inc. (STKL) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
SunOpta Inc. is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $314.69M over the same period.The EPS is expected to grow by 92.10% this year, but quarterly earnings will post 7.30% year-over-year. Quarterly sales are estimated to grow 6.40% in year-over-year returns.
SunOpta Inc. (STKL) Insider Activity
A total of 15 insider transactions have happened at SunOpta Inc. (STKL) in the last six months, with sales accounting for 2 and purchases happening 13 times. The most recent transaction is an insider sale by ARDSLEY ADVISORY PARTNERS LP, the company’s 10% Owner. SEC filings show that ARDSLEY ADVISORY PARTNERS LP sold 3,300,000 shares of the company’s common stock on Aug 18 at a price of $6.00 per share for a total of $19.8 million. Following the sale, the insider now owns 8.69 million shares.
SunOpta Inc. disclosed in a document filed with the SEC on Aug 06 that ARDSLEY ADVISORY PARTNERS LP (10% Owner) sold a total of 12,500 shares of the company’s common stock. The trade occurred on Aug 06 and was made at $6.77 per share for $84625.0. Following the transaction, the insider now directly holds 11.99 million shares of the STKL stock.
Still, SEC filings show that on Aug 05, ARDSLEY ADVISORY PARTNERS LP (10% Owner) disposed off 100,000 shares at an average price of $6.57 for $0.66 million. The insider now directly holds 12,005,155 shares of SunOpta Inc. (STKL).
SunOpta Inc. (STKL): Who are the competitors?
The company’s main competitors (and peers) include Post Holdings Inc. (POST) that is trading -4.96% down over the past 12 months. Short interest in the company’s stock has risen 18.25% from the last report on Dec 30, 2020 to stand at a total of 0.94 million short shares sold with a short interest ratio of 1.01.