Coty $COTY Stock Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management reduced its Coty stake by 10% in the third quarter, selling 684,052 shares and retaining 6.19 million shares worth approximately $16.2 million. Institutional investors collectively own 42.36% of Coty.
• Coty shares opened at $3.21, with the stock trading between a 12-month low of $1.82 and high of $4.34. The company reported quarterly revenue of $1.27 billion, up 1.3% year over year, but missed earnings expectations with a loss of $0.02 per share.
• Analyst sentiment remains cautious: 11 analysts rate Coty a Hold and two rate it Sell, producing a consensus “Reduce” rating and an average price target of $3.26.

Assenagon Asset Management S.A. lowered its stake in Coty (NYSE:COTY - Free Report) by 10.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,187,672 shares of the company's stock after selling 684,052 shares during the period. Assenagon Asset Management S.A. owned 0.70% of Coty worth $16,150,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Elmwood Wealth Management Inc. purchased a new stake in shares of Coty in the third quarter worth $34,000. WINTON GROUP Ltd bought a new position in shares of Coty during the second quarter valued at $48,000. HB Wealth Management LLC purchased a new position in shares of Coty in the 2nd quarter worth about $57,000. AlphaGrep UK Ltd purchased a new position in shares of Coty in the 2nd quarter worth about $25,000. Finally, Three Seasons Wealth LLC raised its position in shares of Coty by 17.1% in the 2nd quarter. Three Seasons Wealth LLC now owns 91,957 shares of the company's stock worth $199,000 after purchasing an additional 13,395 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company's stock.

Coty Stock Up 0.5%

Coty stock opened at $3.21 on Monday. Coty has a 12 month low of $1.82 and a 12 month high of $4.34. The stock has a fifty day simple moving average of $2.77 and a two-hundred day simple moving average of $2.44. The company has a current ratio of 0.75, a quick ratio of 0.42 and a debt-to-equity ratio of 0.96. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of -4.59, a PEG ratio of 0.62 and a beta of 0.90.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). Coty had a negative net margin of 10.42% and a positive return on equity of 5.68%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company earned ($0.05) earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. Equities analysts predict that Coty will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Coty from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday. Royal Bank Of Canada lowered shares of Coty from an "outperform" rating to a "sector perform" rating and set a $3.00 price objective for the company. in a research note on Thursday, August 20th. Citigroup raised their price objective on shares of Coty from $2.80 to $3.00 and gave the company a "neutral" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $3.00 target price on shares of Coty in a report on Friday, August 21st. Finally, Morgan Stanley upped their target price on shares of Coty from $2.50 to $2.75 and gave the stock an "equal weight" rating in a research note on Tuesday, August 25th. Eleven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $3.26.

Coty Company Profile

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, color cosmetics, skin care and body care products. Its portfolio spans both prestige and mass-market beauty, with products sold through department stores, specialty retailers, e-commerce channels and other distribution partners.

The company owns or operates a range of well-known brands, including CoverGirl, Rimmel London, Sally Hansen and Max Factor, and develops fragrance and beauty products under licensed fashion and luxury names such as Gucci, Burberry, Calvin Klein, Hugo Boss and Marc Jacobs.

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