Coty Inc. (NYSE:COTY) Position Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in Coty Inc. (NYSE:COTY - Free Report) by 162.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,300,292 shares of the company's stock after buying an additional 2,660,221 shares during the period. Assenagon Asset Management S.A. owned about 0.49% of Coty worth $23,523,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of COTY. Steward Partners Investment Advisory LLC increased its position in Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after purchasing an additional 3,186 shares during the last quarter. GAMMA Investing LLC increased its position in Coty by 140.2% during the first quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock worth $30,000 after purchasing an additional 3,214 shares during the last quarter. Allworth Financial LP increased its position in Coty by 145.0% during 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 during the last quarter. Quadrant Capital Group LLC increased its position 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, Impact Capital Partners LLC acquired a new position in Coty during the first quarter worth approximately $61,000. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Stock Up 6.5%

Shares of COTY stock traded up $0.31 on Monday, hitting $5.04. The stock had a trading volume of 26,648,603 shares, compared to its average volume of 5,944,699. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of -503.70, a P/E/G ratio of 0.81 and a beta of 1.96. The stock's 50 day moving average is $4.97 and its 200-day moving average is $5.92. 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 52-week low of $4.46 and a 52-week high of $10.54.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS 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 company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company earned $0.05 earnings per share. The company's revenue was down 6.2% compared to the same quarter last year. As a group, research analysts expect that Coty Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group reiterated a "hold" rating and set a $5.00 price objective (down from $8.00) on shares of Coty in a research note on Thursday, May 8th. Berenberg Bank assumed coverage on shares of Coty in a research note on Tuesday, March 25th. They set a "buy" rating and a $7.50 price objective for the company. Stifel Nicolaus decreased their price objective on shares of Coty from $8.00 to $6.50 and set a "hold" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company reiterated a "positive" rating on shares of Coty in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. decreased their price objective 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 assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Coty presently has an average rating of "Hold" and an average target price 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.