Marshall Wace LLP Purchases 1,370,295 Shares of Oatly Group AB (NASDAQ:OTLY)

Marshall Wace LLP increased its position in shares of Oatly Group AB (NASDAQ:OTLY - Free Report) by 2,169.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,433,468 shares of the company's stock after buying an additional 1,370,295 shares during the quarter. Marshall Wace LLP owned 0.24% of Oatly Group worth $946,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Portolan Capital Management LLC increased its holdings in shares of Oatly Group by 66.8% during the 4th 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 during the last quarter. Green Alpha Advisors LLC boosted its stake in shares of Oatly Group by 5.9% in the fourth quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company's stock valued at $455,000 after buying an additional 38,363 shares during the period. Performa Ltd US LLC lifted its position in Oatly Group by 36.8% during the fourth 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 period. Jane Street Group LLC raised its position in shares of Oatly Group by 134.8% in the 3rd quarter. Jane Street Group LLC now owns 143,256 shares of the company's stock valued at $128,000 after buying an additional 82,242 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Oatly Group by 463.2% in 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 in the last quarter. Institutional investors own 68.15% of the company's stock.

Oatly Group Stock Performance

Shares of Oatly Group stock traded down $0.04 during trading hours on Thursday, reaching $10.71. The company had a trading volume of 12,622 shares, compared to its average volume of 139,876. The business has a fifty day simple moving average of $9.40 and a 200 day simple moving average of $11.83. The firm has a market cap of $320.53 million, a PE ratio of -1.58 and a beta of 1.88. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.56 and a quick ratio of 0.44. Oatly Group AB has a one year low of $6.00 and a one year high of $26.80.

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 (EPS) for the quarter, beating the consensus estimate of ($0.96) by $0.45. The company had revenue of $197.53 million during 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 fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on OTLY shares. Mizuho set a $24.00 price objective on Oatly Group in a research 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 company a "buy" rating in a research note on Monday. Piper Sandler dropped their price objective 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. Finally, Barclays reaffirmed an "overweight" rating on shares of Oatly Group in a research report on Thursday, May 1st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock 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.