Oaktree Capital Management LP has recently announced that it has increased stake in SunOpta Inc. (NASDAQ:STKL) by 14.15%. After grabbing 23.66 million shares, the institutional investor is now in possession of 2.93 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 21.92% having worth around $201.1 million. Moreover, Candriam Belgium SA increased its share by 5.62 million to have a control over 5.67 million shares. And Nomura Securities Co., Ltd. raised its holdings to 0.12 million shares by acquiring 4.8 million shares or 4.45% of the stake.
SunOpta Inc. (STKL) concluded trading on 05/25/23 at a closing price of $7.19, with 0.95 million shares of worth about $6.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -24.87% during that period and on Thursday the price saw a gain of about 0.28%. Currently the company’s common shares owned by public are about 110.01M shares, out of which, 105.73M shares are available for trading.
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American Century Small Cap Growth, iShares Russell 2000 ETF, and American Beacon Small Cap Value F are the top 3 mutual funds which are holding stakes in SunOpta Inc. American Century Small Cap Growth is currently holding 2.14 million shares of worth totaling $18.16 million. The company recently came buying 0.14 million shares which brought its stake up to 1.98% of the company’s outstanding shares. iShares Russell 2000 ETF sold 30320.0 shares, after which its hold over company’s outstanding shares shrunk to 1.92%, leaving 2.07 million shares with the mutual fund that have a worth of about $17.61 million. American Beacon Small Cap Value F, after selling 1.81 million shares, have now control over 1.68% of the stake in the company. It holds 32663.0 shares of worth $15.42 million.
SunOpta Inc. (NASDAQ: STKL) started trading at $7.10, below -$0.07 from concluding price of the previous day. However, the stock later moved at a day high price of 7.22, or with a gain of 0.28%. Stock saw a price change of -5.52% in past 5 days and over the past one month there was a price change of -10.90%. Year-to-date (YTD), STKL shares are showing a performance of -14.81% which increased to 7.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.64 but also hit the highest price of $11.67 during that period. The average intraday trading volume for SunOpta Inc. shares is 893.64K. The stock is currently trading -8.48% below its 20-day simple moving average (SMA20), while that difference is down -8.74% for SMA50 and it goes to -18.42% lower than SMA200.
Oaktree Capital Management LP acquired 23.66 million shares of SunOpta Inc. having value of about $201.1 million. Data submitted at the U.S SEC by Oaktree Capital Management LP revealed that the firm now holds 2.93 million shares in the company valued at close to $21084337.07, or have control over 14.15% stake in the company. SunOpta Inc. (NASDAQ: STKL) currently have 110.01M outstanding shares and institutions hold larger chunk of about 62.50% of that. Holding of mutual funds in the company is about 68.67% while other institutional holders and individual stake holders have control over 72.85% and 27.95% of the stake respectively.
The stock has a current market capitalization of $823.61M and its 3Y-monthly beta is at 1.48. It has posted earnings per share of -$0.11 in the same period. It has Quick Ratio of 0.60 while making debt-to-equity ratio of 0.99. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STKL, volatility over the week remained 3.83% while standing at 4.43% over the month.
Analysts are in expectations that SunOpta Inc. (STKL) stock would likely to be making an EPS of -$0.01 in the current quarter, while forecast for next quarter EPS is $0.01 and it is $0.17 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is $0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -127.40% while it is estimated to increase by 80.00% in next year. EPS is likely to shrink at an annualized rate of 30.00% for next 5-years, compared to annual growth of 41.80% made by the stock over the past 5-years.
