Two Sigma Investments LP Buys 106,319 Shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY)

Two Sigma Investments LP grew its position in shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Free Report) by 279.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,348 shares of the company's stock after acquiring an additional 106,319 shares during the quarter. Two Sigma Investments LP's holdings in Oatly Group were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of OTLY. Van ECK Associates Corp grew its position in Oatly Group by 60.6% in the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company's stock valued at $38,000 after purchasing an additional 21,387 shares during the period. Rhumbline Advisers lifted its stake in shares of Oatly Group by 76.1% in the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock valued at $42,000 after buying an additional 27,428 shares in the last quarter. Performa Ltd US LLC lifted its stake in shares of Oatly Group by 36.8% in the fourth quarter. Performa Ltd US LLC now owns 145,000 shares of the company's stock valued at $96,000 after buying an additional 39,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Oatly Group by 463.2% during the fourth quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock valued at $63,000 after buying an additional 77,600 shares during the last quarter. Finally, Portolan Capital Management LLC increased its position in shares of Oatly Group by 66.8% during 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. Institutional investors own 68.15% of the company's stock.

Oatly Group Stock Performance

Shares of NASDAQ OTLY traded down $0.55 during midday trading on Tuesday, reaching $12.47. The company's stock had a trading volume of 71,880 shares, compared to its average volume of 147,222. The stock has a market capitalization of $373.23 million, a P/E ratio of -2.18 and a beta of 1.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.53 and a quick ratio of 0.40. The firm has a 50 day moving average price of $10.39 and a 200-day moving average price of $11.00. Oatly Group AB Sponsored ADR has a 12-month low of $6.00 and a 12-month high of $23.40.

Oatly Group (NASDAQ:OTLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.51) earnings per share 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 business had revenue of $197.53 million for the quarter, compared to analysts' expectations of $199.97 million. As a group, equities analysts predict that Oatly Group AB Sponsored ADR will post -3.2 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on OTLY shares. Piper Sandler dropped their price target on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Mizuho set a $24.00 target price on Oatly Group in a report on Monday, April 28th. DA Davidson upped their price target on Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Wall Street Zen cut Oatly Group from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Barclays reaffirmed an "overweight" rating on shares of Oatly Group in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock 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.