BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $6.75 Million Stock Holdings in Oatly Group AB (NASDAQ:OTLY)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Oatly Group AB (NASDAQ:OTLY) by 19.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,895,635 shares of the company’s stock after acquiring an additional 1,292,592 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 1.33% of Oatly Group worth $6,746,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of OTLY. PFG Investments LLC raised its stake in shares of Oatly Group by 182.3% in the second quarter. PFG Investments LLC now owns 30,390 shares of the company’s stock valued at $29,000 after purchasing an additional 19,625 shares in the last quarter. Green Alpha Advisors LLC increased its holdings in Oatly Group by 3.6% in the 3rd 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 period. Sanctuary Advisors LLC acquired a new position in shares of Oatly Group in the 2nd quarter valued at $41,000. Privium Fund Management B.V. bought a new position in shares of Oatly Group during the 3rd quarter worth about $60,000. Finally, GSA Capital Partners LLP boosted its position in shares of Oatly Group by 3.6% during the 3rd quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company’s stock valued at $1,935,000 after acquiring an additional 78,831 shares in the last quarter. Institutional investors own 68.15% of the company’s stock.

Oatly Group Stock Up 3.4 %

Shares of NASDAQ OTLY opened at $0.73 on Monday. Oatly Group AB has a 52-week low of $0.60 and a 52-week high of $1.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.47 and a current ratio of 0.62. The business has a fifty day moving average of $0.81 and a two-hundred day moving average of $0.93. The stock has a market cap of $433.32 million, a PE ratio of -1.06 and a beta of 2.09.

Oatly Group (NASDAQ:OTLY) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). The firm had revenue of $208.00 million during the quarter, compared to the consensus estimate 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 period last year, the firm posted ($0.07) EPS. As a group, equities research analysts expect that Oatly Group AB will post -0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of Oatly Group to a “strong-buy” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Oatly Group presently has an average rating of “Moderate Buy” and a consensus 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.