Two Sigma Advisers LP acquired a new stake in Oatly Group AB (NASDAQ:OTLY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 61,300 shares of the company's stock, valued at approximately $41,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Portolan Capital Management LLC lifted its position in shares of Oatly Group by 66.8% during the 4th quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock valued at $5,247,000 after buying an additional 3,169,805 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in Oatly Group in the 4th quarter valued at about $1,522,000. Intrinsic Edge Capital Management LLC purchased a new stake in Oatly Group during the fourth quarter valued at about $1,259,000. Marshall Wace LLP boosted its position 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 worth $946,000 after purchasing an additional 1,370,295 shares during the period. Finally, Two Sigma Investments LP boosted its position in Oatly Group by 279.6% during the fourth quarter. Two Sigma Investments LP now owns 144,348 shares of the company's stock worth $96,000 after purchasing an additional 106,319 shares during the period. 68.15% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on OTLY shares. Mizuho set a $24.00 price target on shares of Oatly Group in a research note on Monday, April 28th. Piper Sandler dropped their target price on Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Barclays reiterated an "overweight" rating on shares of Oatly Group in a research report on Thursday, May 1st. Finally, DA Davidson increased their price objective on Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Monday, May 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Oatly Group currently has a consensus rating of "Moderate Buy" and an average price target of $16.80.
Check Out Our Latest Stock Report on Oatly Group
Oatly Group Price Performance
Shares of NASDAQ OTLY opened at $12.49 on Monday. The stock's 50-day simple moving average is $9.93 and its two-hundred day simple moving average is $11.07. Oatly Group AB has a twelve month low of $6.00 and a twelve month high of $23.40. The firm has a market capitalization of $373.80 million, a P/E ratio of -1.84 and a beta of 1.89. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39.
Oatly Group (NASDAQ:OTLY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.96) by $0.45. The business had revenue of $197.53 million during the quarter, compared to analyst estimates of $199.97 million. Oatly Group had a negative net margin of 24.52% and a negative return on equity of 70.33%. As a group, equities analysts anticipate that Oatly Group AB will post -3.2 EPS for the current fiscal year.
Oatly Group Profile
(
Free Report)
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.
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