Oatly Group Target of Unusually Large Options Trading (NASDAQ:OTLY)

Oatly Group AB (NASDAQ:OTLY) saw unusually large options trading on Thursday. Stock investors acquired 4,236 call options on the stock. This is an increase of 582% compared to the average volume of 621 call options.

Analyst Ratings Changes

Separately, Barclays upgraded 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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Oatly Group presently has an average rating of “Moderate Buy” and an average price target of $1.27.

Oatly Group Trading Up 8.6 %

Oatly Group stock opened at $0.72 on Friday. Oatly Group has a one year low of $0.60 and a one year high of $1.40. The company’s fifty day moving average price is $0.70 and its two-hundred day moving average price is $0.84. The company has a market capitalization of $428.44 million, a price-to-earnings ratio of -1.04 and a beta of 1.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.62 and a quick ratio of 0.47.

Oatly Group (NASDAQ:OTLY) last posted its earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). Oatly Group had a negative return on equity of 76.54% and a negative net margin of 50.33%. The firm had revenue of $208.00 million during the quarter, compared to analyst estimates of $207.87 million. During the same period in the previous year, the company earned ($0.07) EPS. On average, analysts forecast that Oatly Group will post -0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oatly Group

Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC increased its position in Oatly Group by 33.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company’s stock worth $48,000 after buying an additional 14,116 shares during the period. Jane Street Group LLC increased its position in Oatly Group by 134.8% during the third quarter. Jane Street Group LLC now owns 143,256 shares of the company’s stock worth $128,000 after acquiring an additional 82,242 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in Oatly Group during the 3rd quarter valued at $85,000. Portolan Capital Management LLC boosted its holdings in Oatly Group by 8.3% in the 3rd quarter. Portolan Capital Management LLC now owns 4,745,911 shares of the company’s stock valued at $4,055,000 after purchasing an additional 361,832 shares during the period. Finally, Walleye Capital LLC acquired a new stake in Oatly Group in the 3rd quarter worth $98,000. Institutional investors and hedge funds own 68.15% of the company’s stock.

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.