Oatly Group AB (NASDAQ:OTLY) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its position in shares of Oatly Group AB (NASDAQ:OTLY) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,701,722 shares of the company’s stock after buying an additional 358,978 shares during the period. Massachusetts Financial Services Co. MA owned about 1.29% of Oatly Group worth $6,580,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. PFG Investments LLC increased its stake in shares of Oatly Group by 182.3% in the second quarter. PFG Investments LLC now owns 30,390 shares of the company’s stock worth $29,000 after buying an additional 19,625 shares during the last quarter. Green Alpha Advisors LLC increased its position in shares of Oatly Group by 3.6% in the 3rd quarter. Green Alpha Advisors LLC now owns 648,413 shares of the company’s stock worth $554,000 after purchasing an additional 22,520 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Oatly Group in the 2nd quarter valued at about $41,000. Privium Fund Management B.V. bought a new position in shares of Oatly Group during the third quarter worth about $60,000. Finally, GSA Capital Partners LLP grew its stake in Oatly Group by 3.6% in the third quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company’s stock worth $1,935,000 after purchasing an additional 78,831 shares in the last quarter. Institutional investors and hedge funds own 68.15% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays raised Oatly Group to a “strong-buy” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oatly Group presently has an average rating of “Moderate Buy” and a consensus target price of $1.27.

Oatly Group Stock Performance

Shares of NASDAQ OTLY opened at $0.72 on Wednesday. The stock has a market capitalization of $428.21 million, a P/E ratio of -1.04 and a beta of 2.09. The firm’s 50-day moving average price is $0.81 and its two-hundred day moving average price is $0.92. Oatly Group AB has a 52-week low of $0.60 and a 52-week high of $1.40. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 0.65.

Oatly Group (NASDAQ:OTLY) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). Oatly Group had a negative return on equity of 76.54% and a negative net margin of 50.33%. The business had revenue of $208.00 million during the quarter, compared to analyst estimates of $207.87 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. As a group, sell-side analysts forecast that Oatly Group AB will post -0.25 earnings per share for the current year.

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.