Shikiar Asset Management Inc. Sells 1,094,899 Shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY)

Shikiar Asset Management Inc. reduced its stake in shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Free Report) by 95.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,705 shares of the company's stock after selling 1,094,899 shares during the quarter. Shikiar Asset Management Inc. owned 0.16% of Oatly Group worth $459,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Van ECK Associates Corp grew its stake in Oatly Group by 60.6% during the fourth quarter. Van ECK Associates Corp now owns 56,689 shares of the company's stock worth $38,000 after buying an additional 21,387 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Oatly Group during the 4th quarter worth approximately $41,000. Rhumbline Advisers boosted its position in shares of Oatly Group by 76.1% during the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock worth $42,000 after acquiring an additional 27,428 shares in the last quarter. Geode Capital Management LLC increased its stake in Oatly Group by 463.2% in the fourth quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock valued at $63,000 after acquiring an additional 77,600 shares during the last quarter. Finally, Two Sigma Investments LP raised 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 valued at $96,000 after purchasing an additional 106,319 shares in the last quarter. Institutional investors own 68.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OTLY. DA Davidson raised their target price on Oatly Group from $15.00 to $17.00 and gave the company a "buy" rating in a report on Monday, May 5th. Piper Sandler reduced their price objective 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. Barclays reissued an "overweight" rating on shares of Oatly Group in a research note on Thursday, May 1st. Wall Street Zen downgraded shares of Oatly Group from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Mizuho set a $24.00 price target on shares of Oatly Group in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $16.80.

Oatly Group Trading Up 1.3%

Oatly Group stock traded up $0.16 during trading hours on Wednesday, hitting $12.63. The stock had a trading volume of 128,601 shares, compared to its average volume of 147,422. The business's 50 day simple moving average is $10.46 and its 200-day simple moving average is $11.01. Oatly Group AB Sponsored ADR has a one year low of $6.00 and a one year high of $23.40. The stock has a market cap of $378.02 million, a price-to-earnings ratio of -2.21 and a beta of 1.89. The company has a quick ratio of 0.40, a current ratio of 0.53 and a debt-to-equity ratio of 1.20.

Oatly Group (NASDAQ:OTLY - Get Free Report) last released its quarterly earnings data 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. Oatly Group had a negative return on equity of 66.51% and a negative net margin of 20.51%. The company had revenue of $197.53 million during the quarter, compared to the consensus estimate of $199.97 million. On average, equities analysts predict that Oatly Group AB Sponsored ADR will post -3.2 EPS for the current fiscal year.

Oatly Group 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.