Oatly Group AB (NASDAQ:OTLY) Stock Position Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its holdings in Oatly Group AB (NASDAQ:OTLY - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 919,200 shares of the company's stock after selling 51,900 shares during the quarter. Renaissance Technologies LLC owned 0.15% of Oatly Group worth $609,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp increased its stake in Oatly Group by 60.6% during the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company's stock valued at $38,000 after buying an additional 21,387 shares during the period. 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. Geode Capital Management LLC increased its stake in shares of Oatly Group by 463.2% during the fourth quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock valued at $63,000 after acquiring an additional 77,600 shares during the period. Performa Ltd US LLC raised its holdings 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 in the last quarter. Finally, Jane Street Group LLC lifted its position in Oatly Group by 134.8% in the third quarter. Jane Street Group LLC now owns 143,256 shares of the company's stock worth $128,000 after purchasing an additional 82,242 shares during the period. 68.15% of the stock is owned by institutional investors and hedge funds.

Oatly Group Trading Up 0.8 %

Shares of OTLY stock traded up $0.09 during trading hours on Tuesday, reaching $10.81. 81,811 shares of the stock traded hands, compared to its average volume of 140,391. The business has a fifty day moving average price of $9.37 and a 200 day moving average price of $11.84. Oatly Group AB has a 1-year low of $6.00 and a 1-year high of $26.80. 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 firm has a market capitalization of $323.52 million, a PE ratio of -1.59 and a beta of 1.88.

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

Wall Street Analyst Weigh In

OTLY has been the topic of several research analyst reports. DA Davidson lifted their price target on Oatly Group from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Monday. Piper Sandler dropped their price target on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Mizuho set a $24.00 price objective on shares of Oatly Group in a research report on Monday, April 28th. Finally, Barclays reiterated an "overweight" rating on shares of Oatly Group in a 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. Based on data from 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.