Massachusetts Financial Services Co. MA Increases Stock Holdings in Oatly Group AB (NASDAQ:OTLY)

Massachusetts Financial Services Co. MA boosted its position in shares of Oatly Group AB (NASDAQ:OTLY) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,342,744 shares of the company’s stock after acquiring an additional 188,512 shares during the period. Massachusetts Financial Services Co. MA owned 1.23% of Oatly Group worth $6,902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. PFG Investments LLC grew its position in shares of Oatly Group by 182.3% during the 2nd quarter. PFG Investments LLC now owns 30,390 shares of the company’s stock valued at $29,000 after purchasing an additional 19,625 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Oatly Group in the 4th quarter valued at about $44,000. SG Americas Securities LLC bought a new stake in shares of Oatly Group during the 2nd quarter valued at about $75,000. Relative Value Partners Group LLC bought a new stake in shares of Oatly Group during the 4th quarter valued at about $118,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Oatly Group by 144.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company’s stock worth $227,000 after purchasing an additional 118,886 shares in the last quarter. Institutional investors own 68.15% of the company’s stock.

Wall Street Analysts Forecast Growth

OTLY has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $1.05 target price on shares of Oatly Group in a research report on Thursday, July 25th. BNP Paribas upgraded shares of Oatly Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Oatly Group presently has a consensus rating of “Moderate Buy” and an average target price of $1.96.

Oatly Group Price Performance

OTLY stock opened at $0.91 on Friday. The firm has a market cap of $541.15 million, a P/E ratio of -1.14 and a beta of 2.10. The firm’s fifty day moving average is $0.93 and its 200 day moving average is $1.01. Oatly Group AB has a 52 week low of $0.44 and a 52 week high of $1.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.53 and a current ratio of 0.68.

Oatly Group (NASDAQ:OTLY) last released its quarterly earnings data on Wednesday, July 24th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $202.20 million for the quarter, compared to the consensus estimate of $200.66 million. Oatly Group had a negative return on equity of 35.74% and a negative net margin of 41.71%. Research analysts predict that Oatly Group AB will post -0.26 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.