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

Shikiar Asset Management Inc. cut its position in Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Free Report) by 95.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,705 shares of the company's stock after selling 1,094,899 shares during the quarter. Shikiar Asset Management Inc. owned about 0.16% of Oatly Group worth $459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OTLY. Portolan Capital Management LLC lifted 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 purchasing an additional 3,169,805 shares during the period. Raiffeisen Bank International AG bought a new stake in Oatly Group in the fourth quarter worth about $1,522,000. Intrinsic Edge Capital Management LLC bought a new position in shares of Oatly Group during the 4th quarter valued at about $1,259,000. Marshall Wace LLP boosted its holdings 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 buying an additional 1,370,295 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of 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 purchasing an additional 75,209 shares during the period. 68.15% of the stock is owned by institutional investors and hedge funds.

Oatly Group Stock Up 1.3%

Shares of OTLY stock traded up $0.16 on Thursday, hitting $12.63. The company's stock had a trading volume of 128,601 shares, compared to its average volume of 147,422. The stock has a market capitalization of $377.99 million, a price-to-earnings ratio of -2.21 and a beta of 1.89. Oatly Group AB Sponsored ADR has a fifty-two week low of $6.00 and a fifty-two week high of $23.40. The firm's fifty day moving average price is $10.46 and its 200-day moving average price is $11.01. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.53 and a quick ratio of 0.40.

Oatly Group (NASDAQ:OTLY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping 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. Research analysts anticipate that Oatly Group AB Sponsored ADR will post -3.2 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on OTLY shares. Mizuho set a $24.00 price objective on Oatly Group in a report on Monday, April 28th. DA Davidson raised their price objective on shares of Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Piper Sandler cut their target price on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen downgraded Oatly Group from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, Barclays reissued an "overweight" rating on shares of Oatly Group in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Oatly Group has a consensus rating of "Moderate Buy" and a consensus price target 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.