BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 1,292,592 Shares of Oatly Group AB (NASDAQ:OTLY)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Oatly Group AB (NASDAQ:OTLY) by 19.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,895,635 shares of the company’s stock after purchasing an additional 1,292,592 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Oatly Group were worth $6,746,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP boosted its holdings in Oatly Group by 3.6% during the third quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company’s stock worth $1,935,000 after buying an additional 78,831 shares during the last quarter. Privium Fund Management B.V. bought a new position in Oatly Group during the 3rd quarter worth approximately $60,000. Shikiar Asset Management Inc. acquired a new position in Oatly Group during the third quarter valued at approximately $999,000. Green Alpha Advisors LLC increased its stake in Oatly Group by 3.6% in the third quarter. Green Alpha Advisors LLC now owns 648,413 shares of the company’s stock valued at $554,000 after purchasing an additional 22,520 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Oatly Group in the second quarter worth $41,000. 68.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barclays raised shares of Oatly Group to a “strong-buy” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Oatly Group currently has a consensus rating of “Moderate Buy” and an average price target of $1.27.

Oatly Group Price Performance

NASDAQ OTLY opened at $0.73 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.47 and a current ratio of 0.62. The stock has a market cap of $433.32 million, a price-to-earnings ratio of -1.06 and a beta of 2.09. The business has a 50 day simple moving average of $0.81 and a 200 day simple moving average of $0.93. Oatly Group AB has a 52-week low of $0.60 and a 52-week high of $1.40.

Oatly Group (NASDAQ:OTLY) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). The company had revenue of $208.00 million during the quarter, compared to analysts’ expectations of $207.87 million. Oatly Group had a negative net margin of 50.33% and a negative return on equity of 76.54%. During the same quarter in the prior year, the company earned ($0.07) earnings per share. Analysts anticipate that Oatly Group AB will post -0.25 earnings per share for the current fiscal year.

Oatly Group 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.