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

Oatly Group AB (NASDAQ:OTLY - Get Free Report) saw unusually large options trading on Thursday. Stock investors acquired 4,236 call options on the stock. This is an increase of 582% compared to the average volume of 621 call options.

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's stock. According to MarketBeat.com, Oatly Group currently has an average rating of "Moderate Buy" and an average target price of $1.27.

Oatly Group Stock Up 8.6 %

Shares of NASDAQ:OTLY traded up $0.06 on Thursday, reaching $0.72. The company had a trading volume of 7,698,707 shares, compared to its average volume of 2,045,685. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $428.44 million, a P/E ratio of -1.04 and a beta of 1.99. The stock has a 50-day moving average price of $0.70 and a 200 day moving average price of $0.84. Oatly Group has a twelve month low of $0.60 and a twelve month high of $1.40.

Oatly Group (NASDAQ:OTLY - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.06). Oatly Group had a negative return on equity of 76.54% and a negative net margin of 50.33%. The firm had revenue of $208.00 million during the quarter, compared to analysts' expectations of $207.87 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, equities analysts expect that Oatly Group will post -0.25 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Oatly Group by 19.6% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company's stock worth $6,746,000 after buying an additional 1,292,592 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Oatly Group by 4.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company's stock worth $6,580,000 after acquiring an additional 358,978 shares during the period. Portolan Capital Management LLC raised its stake in Oatly Group by 8.3% during 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 during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Oatly Group by 3.6% in the third quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company's stock valued at $1,935,000 after buying an additional 78,831 shares during the period. Finally, Shikiar Asset Management Inc. acquired a new stake in Oatly Group during the third quarter worth about $999,000. 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.