Traders Purchase High Volume of Oatly Group Call Options (NASDAQ:OTLY)

Oatly Group AB (NASDAQ:OTLY) was the recipient of unusually large options trading activity on Thursday. Traders bought 4,236 call options on the stock. This represents an increase of approximately 582% compared to the typical volume of 621 call options.

Oatly Group Price Performance

NASDAQ OTLY opened at $0.76 on Friday. The stock’s fifty day moving average price is $0.70 and its 200 day moving average price is $0.84. Oatly Group has a 1 year low of $0.60 and a 1 year 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. The company has a market cap of $449.87 million, a price-to-earnings ratio of -1.10 and a beta of 1.99.

Oatly Group (NASDAQ:OTLY) last issued its earnings results on Thursday, November 7th. The company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The firm had revenue of $208.00 million for 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 prior year, the firm earned ($0.07) earnings per share. As a group, equities research analysts forecast that Oatly Group will post -0.25 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Oatly Group

A number of hedge funds have recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Oatly Group by 19.6% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company’s stock worth $6,746,000 after purchasing an additional 1,292,592 shares in the last quarter. Shikiar Asset Management Inc. acquired a new position in shares of Oatly Group in the third quarter worth about $999,000. Renaissance Technologies LLC grew its position in shares of 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 during the period. Portolan Capital Management LLC increased its stake in shares of Oatly Group by 8.3% in the 3rd quarter. Portolan Capital Management LLC now owns 4,745,911 shares of the company’s stock valued at $4,055,000 after purchasing an additional 361,832 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Oatly Group by 4.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company’s stock worth $6,580,000 after purchasing an additional 358,978 shares during the period. Hedge funds and other institutional investors own 68.15% of the company’s stock.

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.