Raiffeisen Bank International AG Reduces Position in Oatly Group AB Sponsored ADR $OTLY

Raiffeisen Bank International AG decreased its holdings in Oatly Group AB Sponsored ADR (NASDAQ:OTLY) by 7.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 111,569 shares of the company’s stock after selling 8,431 shares during the period. Raiffeisen Bank International AG owned approximately 0.37% of Oatly Group worth $1,335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in OTLY. GAMMA Investing LLC grew its position in shares of Oatly Group by 85.1% in the second quarter. GAMMA Investing LLC now owns 3,203 shares of the company’s stock valued at $38,000 after purchasing an additional 1,473 shares in the last quarter. Geode Capital Management LLC purchased a new stake in Oatly Group in the 2nd quarter valued at $151,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Oatly Group in the 1st quarter valued at $133,000. 68.15% of the stock is currently owned by institutional investors and hedge funds.

Oatly Group Stock Down 1.0%

Shares of OTLY opened at $12.39 on Wednesday. The company’s 50-day moving average price is $15.42 and its 200 day moving average price is $14.32. Oatly Group AB Sponsored ADR has a 12-month low of $6.00 and a 12-month high of $18.84. The company has a current ratio of 0.42, a quick ratio of 0.32 and a debt-to-equity ratio of 7.21. The firm has a market cap of $375.75 million, a P/E ratio of -1.65 and a beta of 1.95.

Oatly Group (NASDAQ:OTLY) last announced its quarterly earnings results on Wednesday, October 29th. The company reported ($2.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.63) by ($1.52). The company had revenue of $222.80 million for the quarter, compared to analyst estimates of $211.45 million. Oatly Group had a negative net margin of 26.67% and a negative return on equity of 201.36%. Oatly Group has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Oatly Group AB Sponsored ADR will post -3.2 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OTLY shares. Barclays reissued an “overweight” rating and set a $18.00 price target (up previously from $16.00) on shares of Oatly Group in a research report on Friday, October 31st. Zacks Research upgraded shares of Oatly Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Oatly Group in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Oatly Group in a report on Wednesday, August 20th. They set a “neutral” rating for the company. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $17.75.

Oatly Group Company Profile

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.