Prescott Group Capital Management L.L.C. Buys New Position in Oatly Group AB (NASDAQ:OTLY)

Prescott Group Capital Management L.L.C. bought a new stake in Oatly Group AB (NASDAQ:OTLY – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 163,000 shares of the company’s stock, valued at approximately $284,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its holdings in Oatly Group by 2.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,048,266 shares of the company’s stock valued at $21,167,000 after acquiring an additional 177,447 shares during the last quarter. Herr Investment Group LLC bought a new position in shares of Oatly Group during the 4th quarter worth approximately $10,902,000. FMR LLC boosted its holdings in shares of Oatly Group by 22.9% during the 2nd quarter. FMR LLC now owns 5,737,705 shares of the company’s stock worth $19,852,000 after buying an additional 1,068,922 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Oatly Group by 1,099.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,419,290 shares of the company’s stock worth $17,130,000 after buying an additional 3,134,320 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Oatly Group by 2.6% during the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 2,466,892 shares of the company’s stock worth $4,292,000 after buying an additional 61,715 shares in the last quarter. 20.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OTLY. Mizuho increased their price target on Oatly Group from $6.00 to $7.00 in a report on Friday, May 12th. Royal Bank of Canada restated an “outperform” rating and set a $7.00 price target on shares of Oatly Group in a report on Monday, March 13th. Credit Suisse Group reiterated a “neutral” rating and issued a $3.30 target price on shares of Oatly Group in a report on Thursday, March 16th. Finally, BNP Paribas cut Oatly Group from a “neutral” rating to an “underperform” rating in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $4.61.

Oatly Group Price Performance

NASDAQ OTLY traded up $0.02 on Friday, reaching $1.73. The company had a trading volume of 1,594,328 shares, compared to its average volume of 3,928,791. The company’s fifty day moving average is $2.22 and its 200 day moving average is $2.10. Oatly Group AB has a 52-week low of $1.28 and a 52-week high of $4.60. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.12.

Oatly Group (NASDAQ:OTLY – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The company reported ($0.13) EPS for the quarter, meeting analysts’ consensus estimates of ($0.13). The business had revenue of $195.70 million during the quarter, compared to analyst estimates of $188.25 million. Oatly Group had a negative return on equity of 44.48% and a negative net margin of 50.64%. Oatly Group’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.15) EPS. On average, sell-side analysts predict that Oatly Group AB will post -0.42 EPS for the current fiscal year.

About Oatly Group

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Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors.