Two Sigma Advisers LP Takes Position in Oatly Group AB (NASDAQ:OTLY)

Two Sigma Advisers LP purchased a new stake in shares of Oatly Group AB (NASDAQ:OTLY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 61,300 shares of the company's stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Portolan Capital Management LLC raised its position in Oatly Group by 66.8% in the fourth quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock worth $5,247,000 after acquiring an additional 3,169,805 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Oatly Group in the 4th quarter worth approximately $1,522,000. Intrinsic Edge Capital Management LLC bought a new stake in shares of Oatly Group in the 4th quarter worth approximately $1,259,000. Marshall Wace LLP lifted its stake in Oatly Group by 2,169.1% during the fourth quarter. Marshall Wace LLP now owns 1,433,468 shares of the company's stock valued at $946,000 after purchasing an additional 1,370,295 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Oatly Group by 52.5% during the fourth quarter. Jane Street Group LLC now owns 218,465 shares of the company's stock worth $137,000 after buying an additional 75,209 shares in the last quarter. Institutional investors own 68.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Mizuho set a $24.00 price target on shares of Oatly Group in a report on Monday, April 28th. DA Davidson lifted their price target on shares of Oatly Group from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Barclays restated an "overweight" rating on shares of Oatly Group in a research note on Thursday, May 1st. Finally, Piper Sandler lowered their price target on Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.80.

Oatly Group Price Performance

OTLY stock traded up $0.06 during trading on Thursday, hitting $12.13. 99,370 shares of the stock traded hands, compared to its average volume of 146,519. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The stock has a market cap of $363.03 million, a price-to-earnings ratio of -1.78 and a beta of 1.89. Oatly Group AB has a one year low of $6.00 and a one year high of $23.40. The company has a 50 day simple moving average of $10.11 and a 200 day simple moving average of $11.08.

Oatly Group (NASDAQ:OTLY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.96) by $0.45. Oatly Group had a negative return on equity of 70.33% and a negative net margin of 24.52%. The business had revenue of $197.53 million for the quarter, compared to the consensus estimate of $199.97 million. Equities analysts expect that Oatly Group AB will post -3.2 EPS for the current fiscal year.

Oatly Group Company Profile

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.