Coty Inc. (NYSE:COTY) Shares Sold by Sea Cliff Partners Management LP

Sea Cliff Partners Management LP cut its position in shares of Coty Inc. (NYSE:COTY - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,844,612 shares of the company's stock after selling 131,756 shares during the quarter. Coty accounts for about 6.9% of Sea Cliff Partners Management LP's portfolio, making the stock its 7th biggest holding. Sea Cliff Partners Management LP owned about 0.33% of Coty worth $19,798,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its position in Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after acquiring an additional 3,186 shares during the last quarter. Allworth Financial LP lifted its position in shares of Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company's stock worth $42,000 after purchasing an additional 3,328 shares in the last quarter. Blue Trust Inc. boosted its holdings in Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock worth $49,000 after purchasing an additional 3,877 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings 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 last quarter. Finally, R Squared Ltd bought a new position in Coty in the fourth quarter valued at $54,000. 42.36% of the stock is currently owned by institutional investors.

Coty Trading Up 0.4%

Shares of Coty stock opened at $5.05 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The business has a fifty day simple moving average of $5.15 and a two-hundred day simple moving average of $6.29. Coty Inc. has a 1 year low of $4.46 and a 1 year high of $10.97. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of -505.00, a P/E/G ratio of 0.81 and a beta of 1.90.

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

Wall Street Analyst Weigh In

Several brokerages have commented on COTY. DA Davidson reissued a "buy" rating and set a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. The Goldman Sachs Group lowered their target price on Coty from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. BNP Paribas lowered Coty from an "outperform" rating to a "neutral" rating and set a $5.65 target price on the stock. in a report on Friday, April 11th. Barclays reduced their price target 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, Stifel Nicolaus lowered their price target on Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a research report on Thursday, April 10th. 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $7.80.

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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