Voya Investment Management LLC Grows Stake in Coty Inc. (NYSE:COTY)

Voya Investment Management LLC boosted its stake in shares of Coty Inc. (NYSE:COTY - Free Report) by 250.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 185,645 shares of the company's stock after purchasing an additional 132,637 shares during the period. Voya Investment Management LLC's holdings in Coty were worth $1,292,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its stake in Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after purchasing an additional 3,186 shares during the last quarter. Allworth Financial LP boosted its stake in Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock worth $42,000 after acquiring an additional 3,328 shares during the last quarter. Blue Trust Inc. lifted its stake in Coty by 124.8% in the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after buying an additional 3,877 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock valued at $51,000 after purchasing an additional 2,601 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Coty during the fourth quarter worth $54,000. 42.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Coty from $8.00 to $6.50 and set a "hold" rating for the company in a research report on Thursday, April 10th. DA Davidson restated a "buy" rating and set a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Citigroup reduced their target price on Coty from $8.00 to $6.50 and set a "buy" rating for the company in a report on Thursday. Barclays lowered their price objective on Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a research report on Friday, April 11th. Finally, Wells Fargo & Company reaffirmed a "positive" rating on shares of Coty in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Coty has a consensus rating of "Hold" and a consensus price target of $7.80.

Coty Stock Down 3.1%

Shares of Coty stock traded down $0.15 during trading on Friday, reaching $4.67. The stock had a trading volume of 8,307,863 shares, compared to its average volume of 5,463,075. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average price of $5.22 and a two-hundred day moving average price of $6.37. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -467.00, a P/E/G ratio of 0.81 and a beta of 1.90. Coty Inc. has a 52 week low of $4.46 and a 52 week high of $11.41.

Coty (NYSE:COTY - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). Coty had a net margin of 0.22% and a return on equity of 6.34%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company posted $0.05 EPS. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. Sell-side analysts predict that Coty Inc. will post 0.39 EPS for the current fiscal year.

Coty Company 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.