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

Two Sigma Investments LP lifted its stake in Oatly Group AB (NASDAQ:OTLY - Free Report) by 279.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,348 shares of the company's stock after purchasing an additional 106,319 shares during the period. Two Sigma Investments LP's holdings in Oatly Group were worth $96,000 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. Van ECK Associates Corp boosted its position in shares of Oatly Group by 60.6% in the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company's stock worth $38,000 after purchasing an additional 21,387 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Oatly Group by 76.1% in the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock worth $42,000 after purchasing an additional 27,428 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Oatly Group by 463.2% in the 4th quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock worth $63,000 after purchasing an additional 77,600 shares during the last quarter. Performa Ltd US LLC boosted its position in shares of Oatly Group by 36.8% in the 4th quarter. Performa Ltd US LLC now owns 145,000 shares of the company's stock worth $96,000 after purchasing an additional 39,000 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Oatly Group by 63.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,608 shares of the company's stock worth $128,000 after purchasing an additional 75,132 shares during the last quarter. 68.15% of the stock is currently owned by institutional investors.

Oatly Group Price Performance

NASDAQ:OTLY opened at $12.26 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. The stock's 50 day moving average price is $10.24 and its two-hundred day moving average price is $11.04. The firm has a market capitalization of $366.92 million, a price-to-earnings ratio of -1.80 and a beta of 1.89. Oatly Group AB has a 12-month low of $6.00 and a 12-month high of $23.40.

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. The firm 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, analysts anticipate that Oatly Group AB will post -3.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OTLY shares. DA Davidson lifted their target price 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 downgraded Oatly Group from a "hold" rating to a "sell" rating in a research note on Saturday. Barclays reissued an "overweight" rating on shares of Oatly Group in a research note on Thursday, May 1st. Mizuho set a $24.00 price target on Oatly Group in a research note on Monday, April 28th. Finally, Piper Sandler dropped their price target 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $16.80.

About Oatly Group

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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