Jane Street Group LLC Acquires 82,242 Shares of Oatly Group AB (NASDAQ:OTLY)

Jane Street Group LLC grew its position in Oatly Group AB (NASDAQ:OTLY) by 134.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,256 shares of the company’s stock after acquiring an additional 82,242 shares during the quarter. Jane Street Group LLC’s holdings in Oatly Group were worth $128,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in Oatly Group in the 2nd quarter worth about $41,000. Privium Fund Management B.V. bought a new stake in shares of Oatly Group in the 3rd quarter valued at about $60,000. Kovitz Investment Group Partners LLC acquired a new stake in Oatly Group in the 3rd quarter worth approximately $85,000. Walleye Capital LLC acquired a new stake in Oatly Group in the 3rd quarter worth approximately $98,000. Finally, Green Alpha Advisors LLC boosted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 68.15% of the company’s stock.

Oatly Group Price Performance

NASDAQ:OTLY opened at $0.63 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.62 and a quick ratio of 0.47. The firm has a market cap of $377.09 million, a price-to-earnings ratio of -0.92 and a beta of 1.97. The company has a 50 day moving average price of $0.69 and a 200-day moving average price of $0.83. Oatly Group AB has a 1-year low of $0.60 and a 1-year high of $1.40.

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

Wall Street Analysts Forecast Growth

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

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.