4,090,941 Shares in Coty Inc. (NYSE:COTY) Bought by Man Group plc

Man Group plc acquired a new stake in Coty Inc. (NYSE:COTY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,090,941 shares of the company's stock, valued at approximately $28,473,000. Man Group plc owned about 0.47% of Coty as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in COTY. Retirement Systems of Alabama boosted its stake in shares of Coty by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company's stock worth $3,092,000 after acquiring an additional 1,472 shares in the last quarter. Stephens Inc. AR grew its stake in Coty by 12.0% during the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company's stock valued at $108,000 after acquiring an additional 1,672 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Coty by 16.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock worth $94,000 after buying an additional 1,893 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Coty by 26.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock worth $69,000 after acquiring an additional 2,110 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in Coty by 55.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after purchasing an additional 2,601 shares during the period. Institutional investors and hedge funds own 42.36% of the company's stock.

Analyst Upgrades and Downgrades

COTY has been the topic of a number of research analyst reports. Canaccord Genuity Group restated a "hold" rating and issued a $5.00 target price (down previously from $8.00) on shares of Coty in a research report on Thursday, May 8th. The Goldman Sachs Group reduced their price objective on shares of Coty from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company reaffirmed a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. BNP Paribas cut shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price target for the company. in a research report on Friday, April 11th. Finally, Stifel Nicolaus decreased their price objective on shares of Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.80.

Coty Stock Down 1.9%

COTY traded down $0.10 during midday trading on Wednesday, hitting $4.96. 2,347,766 shares of the company's stock traded hands, compared to its average volume of 5,557,741. The stock's fifty day simple moving average is $5.13 and its 200-day simple moving average is $6.25. Coty Inc. has a one year low of $4.46 and a one year high of $10.80. The company has a market cap of $4.32 billion, a PE ratio of -496.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). Coty had a net margin of 0.22% and a return on equity of 6.34%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned $0.05 EPS. The company's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Coty Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.