Quadrature Capital Ltd Makes New $44,000 Investment in Oatly Group AB (NASDAQ:OTLY)

Quadrature Capital Ltd purchased a new position in shares of Oatly Group AB (NASDAQ:OTLY) during the fourth quarter, Holdings Channel.com reports. The fund purchased 37,305 shares of the company’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CastleKnight Management LP raised its position in shares of Oatly Group by 430.8% during the 4th quarter. CastleKnight Management LP now owns 1,527,700 shares of the company’s stock worth $1,803,000 after buying an additional 1,239,874 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Oatly Group during the 4th quarter worth about $32,000. Relative Value Partners Group LLC bought a new stake in shares of Oatly Group during the 4th quarter worth about $118,000. IPG Investment Advisors LLC raised its position in shares of Oatly Group by 11.0% during the 4th quarter. IPG Investment Advisors LLC now owns 503,000 shares of the company’s stock worth $594,000 after buying an additional 50,000 shares in the last quarter. Finally, BNP Paribas Asset Management Holding S.A. raised its position in shares of Oatly Group by 72.0% during the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 6,024,369 shares of the company’s stock worth $7,109,000 after buying an additional 2,521,847 shares in the last quarter. 68.15% of the stock is currently owned by institutional investors.

Oatly Group Stock Down 2.8 %

NASDAQ OTLY opened at $0.94 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.75 and a quick ratio of 0.61. The company’s 50 day simple moving average is $1.08 and its 200 day simple moving average is $1.11. Oatly Group AB has a 12 month low of $0.44 and a 12 month high of $2.32. The company has a market capitalization of $559.36 million, a P/E ratio of -1.18 and a beta of 2.15.

Oatly Group (NASDAQ:OTLY) last released its earnings results on Tuesday, April 30th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. Oatly Group had a negative net margin of 49.19% and a negative return on equity of 41.06%. The business had revenue of $199.16 million for the quarter, compared to the consensus estimate of $198.43 million. During the same period in the previous year, the firm earned ($0.13) EPS. Equities research analysts expect that Oatly Group AB will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, DA Davidson began coverage on shares of Oatly Group in a research report on Friday, March 1st. They set a “buy” rating and a $1.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2.11.

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.