Kovitz Investment Group Partners LLC Sells 50,000 Shares of Oatly Group AB (NASDAQ:OTLY)

Kovitz Investment Group Partners LLC lessened its stake in Oatly Group AB (NASDAQ:OTLY - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,002 shares of the company's stock after selling 50,000 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Oatly Group were worth $33,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Marshall Wace LLP boosted its position in Oatly Group by 2,169.1% during the 4th quarter. Marshall Wace LLP now owns 1,433,468 shares of the company's stock worth $946,000 after acquiring an additional 1,370,295 shares during the period. Portolan Capital Management LLC grew its position in Oatly Group by 66.8% in the 4th quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock valued at $5,247,000 after buying an additional 3,169,805 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Oatly Group by 463.2% during the 4th quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock worth $63,000 after buying an additional 77,600 shares in the last quarter. Performa Ltd US LLC lifted its stake 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 acquiring an additional 39,000 shares during the period. Finally, Rhumbline Advisers boosted its holdings 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 acquiring an additional 27,428 shares in the last quarter. 68.15% of the stock is owned by institutional investors and hedge funds.

Oatly Group Stock Down 4.8 %

OTLY stock traded down $0.50 during mid-day trading on Friday, hitting $9.97. 83,313 shares of the company were exchanged, compared to its average volume of 140,060. The firm's 50 day simple moving average is $9.43 and its 200 day simple moving average is $11.78. Oatly Group AB has a 1-year low of $6.00 and a 1-year high of $26.80. The firm has a market cap of $298.38 million, a P/E ratio of -1.47 and a beta of 1.88. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.56.

Oatly Group (NASDAQ:OTLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.51) EPS for the quarter, topping analysts' consensus estimates of ($0.96) by $0.45. Oatly Group had a negative net margin of 24.52% and a negative return on equity of 70.33%. The company had revenue of $197.53 million during the quarter, compared to the consensus estimate of $199.97 million. On average, sell-side analysts predict that Oatly Group AB will post -3.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on OTLY shares. Barclays reissued an "overweight" rating on shares of Oatly Group in a research note on Thursday, May 1st. DA Davidson lifted 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. Piper Sandler cut their price target on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Finally, Mizuho set a $24.00 target price on Oatly Group in a research note on Monday, April 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.80.

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.