Tidal Investments LLC Sells 83,218 Shares of Coty Inc. (NYSE:COTY)

Tidal Investments LLC reduced its holdings in shares of Coty Inc. (NYSE:COTY - Free Report) by 41.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,180 shares of the company's stock after selling 83,218 shares during the period. Tidal Investments LLC's holdings in Coty were worth $823,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Steward Partners Investment Advisory LLC grew its position in Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after purchasing an additional 3,186 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company's stock valued at $42,000 after buying an additional 3,328 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after buying an additional 3,877 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Coty by 55.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock valued at $51,000 after acquiring an additional 2,601 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Coty in the 4th quarter worth approximately $54,000. Institutional investors own 42.36% of the company's stock.

Coty Price Performance

NYSE:COTY traded down $0.05 during trading hours on Friday, hitting $4.95. 4,714,067 shares of the stock traded hands, compared to its average volume of 5,656,062. The company has a market cap of $4.31 billion, a price-to-earnings ratio of -494.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. Coty Inc. has a 1 year low of $4.46 and a 1 year high of $10.54. The stock has a 50 day moving average price of $5.03 and a 200 day moving average price of $6.14. 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 announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Coty had a net margin of 0.22% and a return on equity of 6.34%. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. Sell-side analysts forecast that Coty Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on COTY shares. Piper Sandler decreased their price target on Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Barclays decreased their target price on Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a research report on Friday, April 11th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $5.00 price target (down previously from $8.00) on shares of Coty in a report on Thursday, May 8th. The Goldman Sachs Group reduced their price target on shares of Coty from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, BNP Paribas downgraded shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price objective on the stock. in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $7.80.

About Coty

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.