Assenagon Asset Management S.A. Has $23.52 Million Stock Position in Coty Inc. (NYSE:COTY)

Assenagon Asset Management S.A. raised its position in Coty Inc. (NYSE:COTY - Free Report) by 162.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,300,292 shares of the company's stock after acquiring 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 filing with the SEC.

Several other institutional investors have also recently bought and sold shares of COTY. Steward Partners Investment Advisory LLC lifted its stake in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after acquiring an additional 3,186 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Coty by 140.2% during the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock worth $30,000 after purchasing an additional 3,214 shares in the last quarter. Allworth Financial LP raised its stake in shares of 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 purchasing an additional 3,328 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Coty by 55.3% during the 4th 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 in the last quarter. Finally, Impact Capital Partners LLC bought a new stake in shares of Coty during the 1st quarter worth approximately $61,000. Institutional investors own 42.36% of the company's stock.

Coty Stock Performance

NYSE COTY traded down $0.30 on Friday, reaching $4.74. The stock had a trading volume of 9,809,822 shares, compared to its average volume of 5,861,512. 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 firm has a fifty day moving average of $4.96 and a two-hundred day moving average of $5.95. Coty Inc. has a 1-year low of $4.46 and a 1-year high of $10.54. The company has a market cap of $4.13 billion, a P/E ratio of -473.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.96.

Coty (NYSE:COTY - Get Free Report) last issued 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 firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company earned $0.05 earnings per share. The business's quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Coty Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Berenberg Bank assumed coverage on Coty in a research note on Tuesday, March 25th. They set a "buy" rating and a $7.50 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Coty from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Piper Sandler dropped their price objective on Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Canaccord Genuity Group reiterated a "hold" rating and set a $5.00 price objective (down previously from $8.00) on shares of Coty in a research note on Thursday, May 8th. Finally, Raymond James cut Coty from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.80.

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.