Cooperman Leon G Has $39.07 Million Stock Holdings in SunOpta, Inc. $STKL

Cooperman Leon G boosted its stake in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 2.5% in the third quarter, HoldingsChannel reports. The firm owned 6,667,109 shares of the company’s stock after purchasing an additional 160,058 shares during the quarter. SunOpta accounts for about 1.2% of Cooperman Leon G’s holdings, making the stock its 24th largest holding. Cooperman Leon G owned about 0.06% of SunOpta worth $39,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of STKL. State of Alaska Department of Revenue acquired a new stake in shares of SunOpta during the 3rd quarter worth about $26,000. EverSource Wealth Advisors LLC grew its stake in SunOpta by 764.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,502 shares of the company’s stock valued at $26,000 after buying an additional 3,981 shares during the last quarter. BNP Paribas Financial Markets grew its stake in SunOpta by 65.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock valued at $54,000 after buying an additional 3,669 shares during the last quarter. State of Wyoming bought a new position in SunOpta in the 3rd quarter valued at about $61,000. Finally, Bank of Montreal Can bought a new position in SunOpta in the 2nd quarter valued at about $68,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STKL. William Blair cut SunOpta from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of SunOpta in a research note on Monday, December 29th. Finally, DA Davidson reissued a “buy” rating and set a $8.00 price target on shares of SunOpta in a report on Monday, February 9th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, SunOpta currently has an average rating of “Hold” and a consensus target price of $8.00.

SunOpta Stock Performance

NASDAQ STKL opened at $6.44 on Friday. The firm’s 50 day simple moving average is $5.49 and its 200 day simple moving average is $5.15. The firm has a market capitalization of $762.24 million, a price-to-earnings ratio of 33.89 and a beta of 1.04. The company has a current ratio of 1.18, a quick ratio of 0.61 and a debt-to-equity ratio of 1.27. SunOpta, Inc. has a 1 year low of $3.32 and a 1 year high of $6.94.

SunOpta Profile

SunOpta Inc (NASDAQ: STKL) is a Canada-based company specializing in the sourcing, processing and packaging of organic and non-GMO plant-based foods and beverages. The company’s product portfolio spans a wide range of offerings, including non-dairy beverages such as oat, almond, soy and coconut drinks, fruit and plant-based beverages, and ingredient solutions for food manufacturers and foodservice customers. SunOpta’s integrated supply chain extends from ingredient sourcing and raw material preparation through to finished product formulation and packaging.

SunOpta operates through two primary business segments: Global Beverages and Global Ingredients.