Edgestream Partners L.P. Acquires Shares of 556,661 Coty (NYSE:COTY)

Edgestream Partners L.P. purchased a new stake in shares of Coty (NYSE:COTY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 556,661 shares of the company's stock, valued at approximately $3,045,000. Edgestream Partners L.P. owned 0.06% of Coty at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of COTY. Norges Bank bought a new stake in Coty during the fourth quarter valued at about $44,401,000. Man Group plc bought a new stake in Coty during the fourth quarter valued at about $28,473,000. Caisse Des Depots ET Consignations bought a new stake in Coty during the fourth quarter valued at about $19,663,000. Assenagon Asset Management S.A. boosted its holdings in Coty by 162.2% during the first quarter. Assenagon Asset Management S.A. now owns 4,300,292 shares of the company's stock valued at $23,523,000 after acquiring an additional 2,660,221 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Coty by 12.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock valued at $140,691,000 after acquiring an additional 2,175,120 shares during the period. 42.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on COTY. Stifel Nicolaus decreased their price target on shares of Coty from $8.00 to $6.50 and set a "hold" rating for the company in a report on Thursday, April 10th. Berenberg Bank initiated coverage on shares of Coty in a research note on Tuesday, March 25th. They issued a "buy" rating and a $7.50 target price for the company. Barclays reduced their target price on shares of Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada reduced their target price on shares of Coty from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Coty from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.80.

Coty Price Performance

Shares of Coty stock traded down $0.01 during midday trading on Thursday, reaching $4.95. The company had a trading volume of 4,923,246 shares, compared to its average volume of 6,392,250. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of -10.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.91. The stock has a fifty day simple moving average of $4.92 and a 200 day simple moving average of $5.56. Coty has a 1-year low of $4.46 and a 1-year high of $10.30.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly 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). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Coty had a negative net margin of 6.60% and a positive return on equity of 5.61%. The business's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS. As a group, equities research analysts forecast that Coty will post 0.39 earnings per share for the current year.

About Coty

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.