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

Oatly Group AB (NASDAQ:OTLY) was the target of unusually large options trading on Thursday. Stock investors purchased 4,236 call options on the stock. This represents an increase of 582% compared to the typical volume of 621 call options.

Analyst Upgrades and Downgrades

Separately, Barclays raised Oatly Group to a “strong-buy” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1.27.

Oatly Group Price Performance

NASDAQ:OTLY traded up $0.07 during midday trading on Thursday, hitting $0.73. 2,959,186 shares of the stock were exchanged, compared to its average volume of 2,045,685. The business has a 50-day moving average price of $0.70 and a two-hundred day moving average price of $0.84. The company has a current ratio of 0.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $435.52 million, a price-to-earnings ratio of -1.06 and a beta of 1.99. Oatly Group has a one year low of $0.60 and a one year high of $1.40.

Oatly Group (NASDAQ:OTLY) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.06) earnings per share for the quarter, meeting 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 business had revenue of $208.00 million during the quarter, compared to analyst estimates of $207.87 million. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. Sell-side analysts predict that Oatly Group will post -0.25 EPS for the current year.

Hedge Funds Weigh In On Oatly Group

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