Oatly Group AB (NASDAQ:OTLY) Stock Holdings Lifted by Marshall Wace LLP

Marshall Wace LLP lifted its position in shares of Oatly Group AB (NASDAQ:OTLY - Free Report) by 2,169.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,433,468 shares of the company's stock after acquiring an additional 1,370,295 shares during the period. Marshall Wace LLP owned about 0.24% of Oatly Group worth $946,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Portolan Capital Management LLC lifted its holdings in shares of Oatly Group by 66.8% in the 4th 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 last quarter. Geode Capital Management LLC increased its position in Oatly Group by 463.2% in the fourth 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 during the period. Performa Ltd US LLC lifted its stake in 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 during the last quarter. Rhumbline Advisers grew its position in shares of Oatly Group by 76.1% during the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock worth $42,000 after acquiring an additional 27,428 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings 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 acquiring an additional 21,387 shares during the period. 68.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OTLY has been the subject of several recent analyst reports. DA Davidson upped their target price on shares of Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday. Piper Sandler cut their target price on Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a research note on Thursday. Barclays increased their price target on Oatly Group from $1.00 to $10.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Finally, Mizuho set a $24.00 price objective on shares of Oatly Group in a research note on Monday, April 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Oatly Group presently has an average rating of "Moderate Buy" and a consensus price target of $16.80.

Oatly Group Price Performance

NASDAQ:OTLY traded down $0.02 during mid-day trading on Monday, reaching $10.72. 109,798 shares of the stock were exchanged, compared to its average volume of 140,626. Oatly Group AB has a 1-year low of $6.00 and a 1-year high of $26.80. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $320.83 million, a PE ratio of -1.58 and a beta of 1.88. The business has a fifty day moving average price of $9.37 and a 200 day moving average price of $11.84.

Oatly Group (NASDAQ:OTLY - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported ($0.51) EPS for the quarter, beating the consensus estimate of ($0.96) by $0.45. The business had revenue of $197.53 million during the quarter, compared to analyst estimates of $199.97 million. Oatly Group had a negative net margin of 24.52% and a negative return on equity of 70.33%. Research analysts expect that Oatly Group AB will post -3.2 earnings per share for the current fiscal year.

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.