CastleKnight Management LP Purchases 407,300 Shares of Coty Inc. (NYSE:COTY)

CastleKnight Management LP grew its holdings in shares of Coty Inc. (NYSE:COTY - Free Report) by 88.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 869,400 shares of the company's stock after buying an additional 407,300 shares during the period. CastleKnight Management LP owned 0.10% of Coty worth $6,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in COTY. Cetera Investment Advisers lifted its position in shares of Coty by 15.1% during the fourth quarter. Cetera Investment Advisers now owns 24,370 shares of the company's stock worth $170,000 after purchasing an additional 3,191 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Coty by 12.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock worth $140,691,000 after acquiring an additional 2,175,120 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Coty in the fourth quarter valued at $89,000. Schonfeld Strategic Advisors LLC lifted its position in Coty by 1,102.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 321,179 shares of the company's stock valued at $2,235,000 after buying an additional 294,479 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Coty by 402.9% during the fourth quarter. AQR Capital Management LLC now owns 729,559 shares of the company's stock worth $5,078,000 after buying an additional 584,498 shares in the last quarter. Institutional investors own 42.36% of the company's stock.

Analyst Upgrades and Downgrades

COTY has been the topic of several research reports. Canaccord Genuity Group dropped their target price on Coty from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley cut their price objective on Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Raymond James lowered shares of Coty from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 17th. BNP Paribas cut shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price objective on the stock. in a research report on Friday, April 11th. Finally, DA Davidson reissued a "buy" rating and issued a $12.50 price target on shares of Coty in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $8.24.

Coty Trading Down 0.3 %

COTY opened at $5.16 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. Coty Inc. has a twelve month low of $4.56 and a twelve month high of $11.77. The firm has a market cap of $4.50 billion, a PE ratio of -515.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The firm's fifty day moving average is $5.29 and its two-hundred day moving average is $6.44.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Equities research analysts anticipate that Coty Inc. will post 0.39 EPS for the current 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.

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