Sanctuary Advisors LLC acquired a new stake in Oatly Group AB (NASDAQ:OTLY – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 41,662 shares of the company’s stock, valued at approximately $41,000.
Several other hedge funds also recently bought and sold shares of OTLY. PFG Investments LLC grew its position in Oatly Group by 182.3% in the 2nd quarter. PFG Investments LLC now owns 30,390 shares of the company’s stock valued at $29,000 after acquiring an additional 19,625 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Oatly Group in the 4th quarter worth $44,000. SG Americas Securities LLC purchased a new stake in shares of Oatly Group in the 2nd quarter worth $75,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Oatly Group by 144.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company’s stock worth $227,000 after buying an additional 118,886 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Oatly Group in the 1st quarter worth $998,000. Institutional investors own 68.15% of the company’s stock.
Oatly Group Trading Up 1.2 %
Shares of NASDAQ:OTLY opened at $0.83 on Tuesday. The business’s 50-day moving average is $0.89 and its 200 day moving average is $0.98. Oatly Group AB has a 1 year low of $0.44 and a 1 year high of $1.40. The firm has a market capitalization of $496.28 million, a P/E ratio of -1.19 and a beta of 2.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.68 and a quick ratio of 0.53.
Wall Street Analyst Weigh In
OTLY has been the subject of several research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1.05 target price on shares of Oatly Group in a report on Thursday, July 25th. BNP Paribas upgraded Oatly Group from a “neutral” rating to an “outperform” rating in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Oatly Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1.45.
Get Our Latest Stock Analysis on Oatly Group
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.
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