Nuveen Asset Management LLC Reduces Stake in Coty Inc. (NYSE:COTY)

Nuveen Asset Management LLC cut its position in Coty Inc. (NYSE:COTY - Free Report) by 36.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 728,774 shares of the company's stock after selling 414,657 shares during the period. Nuveen Asset Management LLC owned 0.08% of Coty worth $5,072,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Occudo Quantitative Strategies LP acquired a new position in Coty during the fourth quarter worth $719,000. Millennium Management LLC increased its position in shares of Coty by 58.7% during the fourth quarter. Millennium Management LLC now owns 4,585,632 shares of the company's stock worth $31,916,000 after acquiring an additional 1,695,358 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Coty in the 4th quarter worth about $1,096,000. Gotham Asset Management LLC raised its holdings in shares of Coty by 64.8% in the 4th quarter. Gotham Asset Management LLC now owns 214,291 shares of the company's stock worth $1,491,000 after acquiring an additional 84,298 shares during the last quarter. Finally, First Manhattan CO. LLC. lifted its position in Coty by 1.2% in the 4th quarter. First Manhattan CO. LLC. now owns 697,211 shares of the company's stock valued at $4,853,000 after acquiring an additional 8,275 shares in the last quarter. 42.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COTY has been the subject of a number of recent research reports. DA Davidson reissued a "buy" rating and set a $12.50 price objective on shares of Coty in a report on Thursday, February 6th. Wells Fargo & Company reaffirmed a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. Morgan Stanley lowered their price target on Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Bank of America downgraded shares of Coty from a "buy" rating to an "underperform" rating and cut their price objective for the stock from $9.00 to $4.50 in a report on Tuesday, April 15th. Finally, Canaccord Genuity Group reissued a "hold" rating and set a $5.00 price target (down from $8.00) on shares of Coty in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.80.

Coty Stock Up 1.1%

Shares of NYSE COTY traded up $0.06 on Wednesday, reaching $5.03. 1,220,821 shares of the company's stock traded hands, compared to its average volume of 5,688,531. The business's 50 day simple moving average is $5.00 and its two-hundred day simple moving average is $6.08. Coty Inc. has a 12 month low of $4.46 and a 12 month high of $10.54. The company has a market cap of $4.38 billion, a price-to-earnings ratio of -503.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings data 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). 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 period last year, the business earned $0.05 EPS. The firm's quarterly revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts forecast that Coty Inc. will post 0.39 EPS for the current fiscal year.

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.