Ardsley Advisory Partners Lowers stake in SunOpta (USA) (STKL)

SunOpta (USA) (STKL) : Ardsley Advisory Partners reduced its stake in SunOpta (USA) by 4.16% during the most recent quarter end. The investment management company now holds a total of 3,630,000 shares of SunOpta (USA) which is valued at $26,680,500 after selling 157,500 shares in SunOpta (USA) , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.SunOpta (USA) makes up approximately 5.26% of Ardsley Advisory Partners’s portfolio.

Other Hedge Funds, Including , Group One Trading reduced its stake in STKL by selling 20,500 shares or 70.83% in the most recent quarter. The Hedge Fund company now holds 8,444 shares of STKL which is valued at $62,063. Eam Investors added STKL to its portfolio by purchasing 354,852 company shares during the most recent quarter which is valued at $2,271,053. SunOpta (USA) makes up approx 0.32% of Eam Investors’s portfolio. Heartland Advisors Inc added STKL to its portfolio by purchasing 400,000 company shares during the most recent quarter which is valued at $2,520,000. SunOpta (USA) makes up approx 0.15% of Heartland Advisors Inc’s portfolio.Cibc World Markets reduced its stake in STKL by selling 17,820 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 632,973 shares of STKL which is valued at $4,082,676. SunOpta (USA) makes up approx 0.02% of Cibc World Markets’s portfolio.Aperio Group reduced its stake in STKL by selling 87,099 shares or 62.74% in the most recent quarter. The Hedge Fund company now holds 51,719 shares of STKL which is valued at $341,345.

SunOpta (USA) opened for trading at $7.25 and hit $7.4 on the upside on Monday, eventually ending the session at $7.4, with a gain of 0.68% or 0.05 points. The heightened volatility saw the trading volume jump to 2,73,280 shares. Company has a market cap of $634 M.

On the company’s financial health, SunOpta (USA) reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 9, 2016. Analyst had a consensus of $0.06. The company had revenue of $348.73 million for the quarter, compared to analysts expectations of $360.50 million. The company’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Many Wall Street Analysts have commented on SunOpta (USA). Wunderlich Initiated SunOpta (USA) on Oct 11, 2016 to “Buy”, Price Target of the shares are set at $10.

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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