Oatly Group AB (NASDAQ:OTLY – Get Rating) was the target of unusually large options trading on Tuesday. Traders bought 25,314 call options on the company. This represents an increase of approximately 1,698% compared to the typical volume of 1,408 call options.
Institutional Trading of Oatly Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Montag A & Associates Inc. grew its stake in shares of Oatly Group by 3,034.7% during the second quarter. Montag A & Associates Inc. now owns 9,404 shares of the company’s stock worth $33,000 after buying an additional 9,104 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of Oatly Group during the second quarter worth $41,000. Kistler Tiffany Companies LLC grew its stake in shares of Oatly Group by 257.6% during the second quarter. Kistler Tiffany Companies LLC now owns 13,081 shares of the company’s stock worth $45,000 after buying an additional 9,423 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Oatly Group during the second quarter worth $52,000. Finally, HighTower Trust Company N.A. bought a new stake in shares of Oatly Group during the third quarter worth $53,000. Institutional investors own 22.65% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on OTLY shares. Cowen reduced their price objective on Oatly Group from $5.00 to $3.00 in a report on Monday. Barclays reduced their price objective on Oatly Group from $6.00 to $5.00 in a report on Wednesday, August 3rd. Credit Suisse Group reduced their price objective on Oatly Group from $3.43 to $3.30 and set a “neutral” rating for the company in a report on Tuesday, November 15th. Cowen reduced their price objective on Oatly Group from $5.00 to $3.00 in a report on Monday. Finally, Royal Bank of Canada reduced their price objective on Oatly Group from $8.00 to $7.00 in a report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of 7.82.
Oatly Group Stock Down 8.7 %
About Oatly Group
Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors.
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