Kovitz Investment Group Partners LLC Invests $85,000 in Oatly Group AB (NASDAQ:OTLY)

Kovitz Investment Group Partners LLC bought a new stake in shares of Oatly Group AB (NASDAQ:OTLY) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,002 shares of the company’s stock, valued at approximately $85,000.

Several other large investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Oatly Group in the 2nd quarter worth $75,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Oatly Group by 14.5% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,603,043 shares of the company’s stock valued at $6,207,000 after buying an additional 834,947 shares during the period. PFG Investments LLC raised its stake in Oatly Group by 182.3% in the second quarter. PFG Investments LLC now owns 30,390 shares of the company’s stock worth $29,000 after buying an additional 19,625 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Oatly Group by 2.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,342,744 shares of the company’s stock worth $6,902,000 after buying an additional 188,512 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Oatly Group by 61.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,132,770 shares of the company’s stock valued at $1,065,000 after acquiring an additional 429,270 shares in the last quarter. Institutional investors own 68.15% of the company’s stock.

Oatly Group Stock Performance

Shares of OTLY opened at $0.69 on Friday. The business’s 50 day moving average price is $0.75 and its 200-day moving average price is $0.88. The stock has a market cap of $410.00 million, a P/E ratio of -1.00 and a beta of 1.99. Oatly Group AB has a 52 week low of $0.60 and a 52 week high of $1.40. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 0.65.

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

Analysts Set New Price Targets

Separately, Barclays upgraded Oatly Group to a “strong-buy” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1.27.

Oatly Group 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.