Oatly Group AB (NASDAQ:OTLY) Stake Reduced by Woodline Partners LP

Woodline Partners LP lessened its position in shares of Oatly Group AB (NASDAQ:OTLY - Free Report) by 46.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,145,212 shares of the company's stock after selling 1,845,699 shares during the quarter. Woodline Partners LP owned approximately 0.36% of Oatly Group worth $1,422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raiffeisen Bank International AG acquired a new position in shares of Oatly Group during the 4th quarter worth $1,522,000. Marshall Wace LLP raised its stake in Oatly Group by 2,169.1% in the 4th 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. Geode Capital Management LLC raised its stake in Oatly Group by 463.2% in the 4th quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock valued at $63,000 after purchasing an additional 77,600 shares during the last quarter. Two Sigma Investments LP raised its stake in Oatly Group by 279.6% in the 4th quarter. Two Sigma Investments LP now owns 144,348 shares of the company's stock valued at $96,000 after purchasing an additional 106,319 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in Oatly Group in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 68.15% of the company's stock.

Oatly Group Stock Performance

Shares of OTLY stock traded up $0.18 on Friday, hitting $11.28. 24,476 shares of the stock traded hands, compared to its average volume of 142,964. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.56 and a quick ratio of 0.44. The company has a market capitalization of $337.59 million, a PE ratio of -1.66 and a beta of 1.88. Oatly Group AB has a 1-year low of $6.00 and a 1-year high of $23.40. The company's fifty day moving average is $9.78 and its 200 day moving average is $11.18.

Oatly Group (NASDAQ:OTLY - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $199.97 million. Oatly Group had a negative return on equity of 70.33% and a negative net margin of 24.52%. On average, equities research analysts predict that Oatly Group AB will post -3.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on OTLY shares. Piper Sandler lowered their price target on Oatly Group from $16.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Mizuho set a $24.00 price target on Oatly Group in a report on Monday, April 28th. Barclays reiterated an "overweight" rating on shares of Oatly Group in a research note on Thursday, May 1st. Finally, DA Davidson increased their target price on Oatly Group from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Monday, May 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Oatly Group presently has an average rating of "Moderate Buy" and a consensus target price of $16.80.

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.