GSA Capital Partners LLP Has $1.94 Million Stake in Oatly Group AB (NASDAQ:OTLY)

GSA Capital Partners LLP boosted its position in shares of Oatly Group AB (NASDAQ:OTLY) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,264,754 shares of the company’s stock after acquiring an additional 78,831 shares during the period. GSA Capital Partners LLP owned 0.38% of Oatly Group worth $1,935,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in shares of Oatly Group by 2.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,342,744 shares of the company’s stock valued at $6,902,000 after buying an additional 188,512 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised 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 last quarter. Shikiar Asset Management Inc. acquired a new position in shares of Oatly Group during the third quarter valued at about $999,000. Renaissance Technologies LLC raised its position in shares of Oatly Group by 61.0% during the second quarter. Renaissance Technologies LLC now owns 1,132,770 shares of the company’s stock valued at $1,065,000 after buying an additional 429,270 shares during the last quarter. Finally, Green Alpha Advisors LLC raised its position in shares of Oatly Group by 3.6% during the third quarter. Green Alpha Advisors LLC now owns 648,413 shares of the company’s stock valued at $554,000 after buying an additional 22,520 shares during the last quarter. Institutional investors and hedge funds own 68.15% of the company’s stock.

Oatly Group Trading Down 8.7 %

NASDAQ OTLY opened at $0.69 on Wednesday. The company’s 50-day simple moving average is $0.85 and its 200 day simple moving average is $0.96. Oatly Group AB has a twelve month low of $0.50 and a twelve month high of $1.40. 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, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $208.00 million for the quarter, compared to analysts’ expectations 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 posted ($0.07) earnings per share. As a group, analysts predict that Oatly Group AB will post -0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OTLY shares. BNP Paribas raised shares of Oatly Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $1.05 target price on shares of Oatly Group in a research note on Thursday, July 25th.

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.