BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Stock Holdings in Oatly Group AB (NASDAQ:OTLY)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Oatly Group AB (NASDAQ:OTLY - Free Report) by 19.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its stake in Oatly Group by 2.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,342,744 shares of the company's stock valued at $6,902,000 after acquiring an additional 188,512 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Oatly Group by 3.6% during the third quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company's stock valued at $1,935,000 after purchasing an additional 78,831 shares in the last quarter. Shikiar Asset Management Inc. purchased a new position in Oatly Group during the third quarter worth about $999,000. Renaissance Technologies LLC grew its position in Oatly Group by 61.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,132,770 shares of the company's stock worth $1,065,000 after purchasing an additional 429,270 shares in the last quarter. Finally, Green Alpha Advisors LLC increased its stake 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 last quarter. Institutional investors own 68.15% of the company's stock.

Analyst Ratings Changes

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 given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1.27.

Oatly Group Stock Performance

Shares of NASDAQ:OTLY traded up $0.01 during midday trading on Monday, reaching $0.74. The company had a trading volume of 1,862,974 shares, compared to its average volume of 1,993,388. Oatly Group AB has a 52-week low of $0.60 and a 52-week high of $1.40. The company's 50 day moving average price is $0.81 and its 200 day moving average price is $0.92. 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 stock has a market cap of $438.50 million, a P/E ratio of -1.07 and a beta of 2.09.

Oatly Group (NASDAQ:OTLY - Get Free Report) last issued 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). Oatly Group had a negative net margin of 50.33% and a negative return on equity of 76.54%. The company had revenue of $208.00 million during the quarter, compared to analyst estimates of $207.87 million. During the same quarter last year, the business posted ($0.07) EPS. As a group, sell-side analysts anticipate that Oatly Group AB will post -0.25 EPS for the current fiscal year.

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.