Raiffeisen Bank International AG Lowers Stock Holdings in Oatly Group AB Sponsored ADR $OTLY

Raiffeisen Bank International AG cut its holdings in shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY) by 7.0% during the second quarter, Holdings Channel reports. The firm owned 111,569 shares of the company’s stock after selling 8,431 shares during the quarter. Raiffeisen Bank International AG’s holdings in Oatly Group were worth $1,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC grew its holdings 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. Cubist Systematic Strategies LLC acquired a new position in shares of Oatly Group in the first quarter worth $133,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Oatly Group during the second quarter worth $151,000. Hedge funds and other institutional investors own 68.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on OTLY. Barclays reissued an “overweight” rating and set a $18.00 target price (up from $16.00) on shares of Oatly Group in a research note on Friday, October 31st. Zacks Research raised Oatly Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed 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 research note on Wednesday, August 20th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.75.

Oatly Group Price Performance

OTLY stock opened at $12.39 on Wednesday. The business has a 50 day moving average price of $15.42 and a 200 day moving average price of $14.32. The company has a quick ratio of 0.32, a current ratio of 0.42 and a debt-to-equity ratio of 7.21. The stock has a market cap of $375.75 million, a price-to-earnings ratio of -1.65 and a beta of 1.95. Oatly Group AB Sponsored ADR has a fifty-two week low of $6.00 and a fifty-two week high of $18.84.

Oatly Group (NASDAQ:OTLY) last released its quarterly earnings data 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 return on equity of 201.36% and a negative net margin of 26.67%. Oatly Group has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Oatly Group AB Sponsored ADR will post -3.2 earnings per share for the current fiscal year.

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.