Sanctuary Advisors LLC Invests $41,000 in Oatly Group AB (NASDAQ:OTLY)

Sanctuary Advisors LLC bought a new position in shares of Oatly Group AB (NASDAQ:OTLY) during the second quarter, according to its most recent filing with the SEC. The fund bought 41,662 shares of the company’s stock, valued at approximately $41,000.

A number of other hedge funds also recently made changes to their positions in the business. PFG Investments LLC raised its stake 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 period. Quadrature Capital Ltd bought a new stake in Oatly Group in the 4th quarter valued at about $44,000. SG Americas Securities LLC bought a new stake in Oatly Group in the 2nd quarter valued at about $75,000. Mirae Asset Global Investments Co. Ltd. raised its stake in 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 valued at $227,000 after acquiring an additional 118,886 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Oatly Group during the 1st quarter valued at about $998,000. 68.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OTLY shares. BNP Paribas raised Oatly Group from a “neutral” rating to an “outperform” rating in a report on Thursday, July 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $1.05 price objective on shares of Oatly Group in a report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1.45.

Oatly Group Trading Up 1.2 %

NASDAQ OTLY opened at $0.83 on Tuesday. Oatly Group AB has a 12 month low of $0.44 and a 12 month high of $1.40. The stock has a market cap of $496.28 million, a P/E ratio of -1.19 and a beta of 2.10. The stock’s fifty day moving average price is $0.89 and its 200-day moving average price is $0.98. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.62.

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

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.