Is Legacy Reserves LP (LGCY) Stock a Buy after Baines Creek Capital – Llc’s Insider Deal?; Shorts at Sunopta (STKL) Lowered By 1.32%

March 14, 2018 - By Peter Erickson

A calculated and judicious move was made by the the of Legacy Reserves Lp, Baines Creek Capital – Llc, which bought amount of company shares – 274,895, amounting to $1.11 million U.S. Dollars, which is based on a market stock price of $4.1 for every share. Right now, Baines Creek Capital – Llc owns 12.56 million shares which are equivalent to roughly 16.34% of Legacy Reserves Lp’s total market cap.

Sunopta Inc (NASDAQ:STKL) had a decrease of 1.32% in short interest. STKL’s SI was 2.27 million shares in March as released by FINRA. Its down 1.32% from 2.30M shares previously. With 218,000 avg volume, 10 days are for Sunopta Inc (NASDAQ:STKL)’s short sellers to cover STKL’s short positions. The SI to Sunopta Inc’s float is 3.25%. The stock decreased 0.67% or $0.05 during the last trading session, reaching $7.4. About 188,278 shares traded. SunOpta Inc. (NASDAQ:STKL) has risen 147.35% since March 14, 2017 and is uptrending. It has outperformed by 130.65% the S&P500.

Among 4 analysts covering SunOpta (NASDAQ:STKL), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. SunOpta had 14 analyst reports since August 15, 2015 according to SRatingsIntel. The company was downgraded on Thursday, March 2 by Wunderlich. The rating was initiated by William Blair on Friday, September 4 with “Market Perform”. The firm has “Outperform” rating given on Thursday, October 8 by BMO Capital Markets. The stock has “Buy” rating by Zacks on Thursday, August 20. The firm earned “Buy” rating on Saturday, August 15 by TheStreet. The rating was upgraded by William Blair on Tuesday, March 7 to “Outperform”. The stock has “Buy” rating by BMO Capital Markets on Wednesday, June 14. Zacks upgraded SunOpta Inc. (NASDAQ:STKL) on Tuesday, August 18 to “Hold” rating. The rating was initiated by Wunderlich with “Buy” on Tuesday, October 11. As per Wednesday, November 1, the company rating was maintained by BMO Capital Markets.

SunOpta Inc. sources non-genetically modified and organic ingredients; and makes and sells food and beverage products in the United States, Canada, Mexico, Europe, China, and Ethiopia. The company has market cap of $650.58 million. The Company’s Global Ingredients segment offers organic fruit- and vegetable raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain animal feed, and pet food products. It currently has negative earnings. This segment also provides processing and contract manufacturing services, including seed and grain conditioning services for soy, corn, and sunflower; grain milling for corn, with various granulations and batch sizing; coffee and sesame seed processing; and dry and oil roasting and packaging, as well as offers specialty organic functional ingredients, and liquid and dried format seed, grain, and cocoa based ingredients.

Since September 15, 2017, it had 4 buys, and 0 selling transactions for $27.95 million activity. Hollis Richard Dean also bought $175,505 worth of SunOpta Inc. (NASDAQ:STKL) on Thursday, March 1. McKeracher Robert sold $307,107 worth of stock or 36,533 shares. Oaktree Organics – L.P. also bought $22.92 million worth of SunOpta Inc. (NASDAQ:STKL) shares. The insider Duchscher Robert bought 3,500 shares worth $24,822. Oaktree Huntington Investment Fund II – L.P. had bought 644,540 shares worth $4.83 million.

Investors sentiment decreased to 0.74 in Q3 2017. Its down 0.37, from 1.11 in 2017Q2. It is negative, as 20 investors sold SunOpta Inc. shares while 24 reduced holdings. 17 funds opened positions while 32 raised stakes. 62.26 million shares or 0.21% more from 62.14 million shares in 2017Q2 were reported. Gsa Capital Prtn Llp owns 156,668 shares for 0.09% of their portfolio. Gamco Invsts Et Al holds 0% of its portfolio in SunOpta Inc. (NASDAQ:STKL) for 24,900 shares. Bard Associate owns 221,770 shares or 0.9% of their US portfolio. Essex Mngmt Llc reported 0.31% of its portfolio in SunOpta Inc. (NASDAQ:STKL). Moreover, Shelton Cap Management has 0.04% invested in SunOpta Inc. (NASDAQ:STKL). State Bank Of America De owns 50,579 shares or 0% of their US portfolio. Domini Impact Invests Limited Liability stated it has 50,243 shares. West Face Cap invested in 644,610 shares. Nicholas Investment Prtn Lp invested in 0.63% or 1.05M shares. X Management Limited Co invested in 0% or 1,045 shares. Fmr Ltd Liability Corporation owns 3.59 million shares for 0% of their portfolio. Hanson & Doremus Invest Mgmt, Vermont-based fund reported 1,087 shares. Wells Fargo And Mn stated it has 0% of its portfolio in SunOpta Inc. (NASDAQ:STKL). Freshford Mgmt Limited Liability reported 1.01% stake. Eventide Asset Mngmt Ltd reported 3.89 million shares or 1.92% of all its holdings.

Investors sentiment increased to 0.67 in 2017 Q3. Its up 0.14, from 0.53 in 2017Q2. It is positive, as 6 investors sold Legacy Reserves LP shares while 11 reduced holdings. 2 funds opened positions while 7 raised stakes. 14.14 million shares or 4.86% less from 14.86 million shares in 2017Q2 were reported. First Manhattan Com holds 0% in Legacy Reserves LP (NASDAQ:LGCY) or 4,000 shares. 780,214 were accumulated by Prescott Group Inc Management. Jpmorgan Chase And invested in 2,500 shares or 0% of the stock. Citadel Advsr Limited Company holds 0% or 32,940 shares in its portfolio. Stifel Finance has 0% invested in Legacy Reserves LP (NASDAQ:LGCY). Oxbow Advsrs stated it has 43,423 shares. Bank Of America Corp De owns 28,123 shares for 0% of their portfolio. Morgan Stanley reported 129,269 shares. Group Inc One Trading L P stated it has 15,590 shares or 0% of all its holdings. Fmr Ltd Liability Co stated it has 0% of its portfolio in Legacy Reserves LP (NASDAQ:LGCY). Susquehanna Group Llp holds 0% or 61,028 shares in its portfolio. Hodges Inc holds 20,280 shares or 0% of its portfolio. Credit Suisse Ag owns 0% invested in Legacy Reserves LP (NASDAQ:LGCY) for 2.00M shares. California Employees Retirement reported 190,500 shares stake. Reilly Advsr Limited Liability Com reported 1,000 shares.

The stock decreased 2.47% or $0.1 during the last trading session, reaching $3.95. About 273,864 shares traded. Legacy Reserves LP (NASDAQ:LGCY) has declined 15.20% since March 14, 2017 and is downtrending. It has underperformed by 31.90% the S&P500.

Since January 10, 2018, it had 12 insider buys, and 0 sales for $8.67 million activity. The insider Baines Creek Capital – LLC bought $4,900.

Among 11 analysts covering Legacy Reserves (NASDAQ:LGCY), 0 have Buy rating, 5 Sell and 6 Hold. Therefore 0 are positive. Legacy Reserves has $13 highest and $0.50 lowest target. $5.22’s average target is 32.15% above currents $3.95 stock price. Legacy Reserves had 23 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Legacy Reserves LP (NASDAQ:LGCY) earned “Sell” rating by Stifel Nicolaus on Thursday, June 8. FBR Capital maintained it with “Outperform” rating and $6 target in Wednesday, November 18 report. The stock of Legacy Reserves LP (NASDAQ:LGCY) earned “Neutral” rating by Citigroup on Thursday, September 29. On Monday, October 12 the stock rating was maintained by FBR Capital with “Outperform”. The stock of Legacy Reserves LP (NASDAQ:LGCY) has “Hold” rating given on Wednesday, October 14 by Wunderlich. The stock of Legacy Reserves LP (NASDAQ:LGCY) has “Market Perform” rating given on Wednesday, July 6 by FBR Capital. On Wednesday, October 26 the stock rating was upgraded by Stifel Nicolaus to “Hold”. On Wednesday, September 9 the stock rating was downgraded by UBS to “Sell”. Ladenburg Thalmann downgraded the shares of LGCY in report on Friday, February 12 to “Neutral” rating. As per Friday, August 7, the company rating was maintained by Wunderlich.

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