Massachusetts Financial Services Co. MA Has $8.48 Million Stock Position in Oatly Group AB (NASDAQ:OTLY)

Massachusetts Financial Services Co. MA decreased its position in Oatly Group AB (NASDAQ:OTLY - Free Report) by 57.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,188,382 shares of the company's stock after selling 9,774,843 shares during the period. Massachusetts Financial Services Co. MA owned 1.21% of Oatly Group worth $8,482,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Pathstone Family Office LLC boosted its holdings in Oatly Group by 107.2% during the third quarter. Pathstone Family Office LLC now owns 88,489 shares of the company's stock worth $79,000 after buying an additional 45,775 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new position in Oatly Group during the third quarter worth about $43,000. IPG Investment Advisors LLC boosted its holdings in Oatly Group by 32.1% during the third quarter. IPG Investment Advisors LLC now owns 453,000 shares of the company's stock worth $406,000 after buying an additional 110,000 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Oatly Group during the third quarter worth about $68,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Oatly Group by 56.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,502,522 shares of the company's stock worth $3,139,000 after buying an additional 1,257,812 shares during the last quarter. Institutional investors own 68.15% of the company's stock.

Oatly Group Stock Down 0.8 %

Oatly Group stock traded down $0.01 during midday trading on Monday, reaching $1.24. The stock had a trading volume of 710,320 shares, compared to its average volume of 1,872,929. The firm's fifty day simple moving average is $1.08 and its 200-day simple moving average is $1.06. Oatly Group AB has a 1-year low of $0.44 and a 1-year high of $2.32. The stock has a market capitalization of $737.87 million, a P/E ratio of -1.55 and a beta of 2.19. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.75.

Oatly Group (NASDAQ:OTLY - Get Free Report) last announced its earnings results on Tuesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. Oatly Group had a negative return on equity of 41.06% and a negative net margin of 49.19%. The business had revenue of $199.16 million for the quarter, compared to analyst estimates of $198.43 million. During the same quarter last year, the firm earned ($0.13) EPS. As a group, analysts expect that Oatly Group AB will post -0.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on OTLY. Morgan Stanley restated an "equal weight" rating and set a $1.25 target price on shares of Oatly Group in a report on Tuesday, February 20th. DA Davidson started coverage on Oatly Group in a research report on Friday, March 1st. They set a "buy" rating and a $1.50 price target on the stock. Finally, Royal Bank of Canada raised their price target on Oatly Group from $0.63 to $1.05 and gave the stock a "sector perform" rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Oatly Group has an average rating of "Moderate Buy" and an average price target of $2.11.

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.