Coty $COTY Shares Bought by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA increased its stake in Coty by 195.3%, now holding 182,828 shares valued at $1 million.
• Several institutional investors, including Man Group plc and AQR Capital Management, have significantly increased their positions in Coty, raising overall institutional ownership to 42.36%.
• Coty reported a net loss of ($0.05) earnings per share for the last quarter and missed analysts' expectations despite a revenue of $1.25 billion.

Petrus Trust Company LTA boosted its holdings in Coty (NYSE:COTY - Free Report) by 195.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 182,828 shares of the company's stock after purchasing an additional 120,914 shares during the period. Petrus Trust Company LTA's holdings in Coty were worth $1,000,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted 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 valued at $30,000 after purchasing an additional 3,214 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Coty by 1,006.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company's stock valued at $40,000 after acquiring an additional 6,644 shares in the last quarter. Callan Capital LLC bought a new stake in shares of Coty in the first quarter worth approximately $56,000. Impact Capital Partners LLC bought a new stake in Coty in the 1st quarter worth approximately $61,000. Finally, Signaturefd LLC grew its position in Coty by 607.0% in the 1st quarter. Signaturefd LLC now owns 13,376 shares of the company's stock worth $73,000 after purchasing an additional 11,484 shares during the period. 42.36% of the stock is owned by institutional investors.

Coty Price Performance

NYSE COTY traded down $0.07 during trading hours on Tuesday, hitting $4.25. 4,709,525 shares of the company's stock traded hands, compared to its average volume of 13,093,547. Coty has a 52-week low of $3.67 and a 52-week high of $9.70. The company has a market capitalization of $3.71 billion, a PE ratio of -9.66, a PEG ratio of 0.40 and a beta of 2.07. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.77 and a quick ratio of 0.46. The firm's 50-day moving average is $4.73 and its 200-day moving average is $4.99.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Coty had a negative net margin of 6.24% and a positive return on equity of 5.18%. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the prior year, the company posted ($0.03) EPS. The firm's revenue was down 8.1% on a year-over-year basis. Equities analysts forecast that Coty will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Coty from $4.50 to $3.50 and set an "underweight" rating on the stock in a report on Friday, August 22nd. Citigroup reaffirmed a "neutral" rating and set a $4.25 price objective (down from $6.50) on shares of Coty in a report on Thursday, August 21st. Bank of America decreased their price target on Coty from $4.00 to $3.50 and set an "underperform" rating on the stock in a report on Friday, August 22nd. Jefferies Financial Group cut shares of Coty from a "buy" rating to a "hold" rating and lowered their price objective for the company from $6.00 to $4.00 in a research report on Thursday, August 21st. Finally, Evercore ISI cut their price target on Coty from $10.00 to $7.00 and set an "outperform" rating on the stock in a report on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Coty presently has an average rating of "Hold" and a consensus target price of $6.19.

Insider Buying and Selling at Coty

In other Coty news, CFO Laurent Mercier acquired 12,500 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was bought at an average price of $3.96 per share, with a total value of $49,500.00. Following the purchase, the chief financial officer owned 402,216 shares in the company, valued at approximately $1,592,775.36. The trade was a 3.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kristin Blazewicz acquired 29,400 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The shares were acquired at an average cost of $4.30 per share, with a total value of $126,420.00. Following the purchase, the insider owned 829,142 shares in the company, valued at $3,565,310.60. This represents a 3.68% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 334,900 shares of company stock worth $1,321,840 in the last 90 days. 6.00% of the stock is currently owned by insiders.

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.