Coty (NYSE:COTY) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its holdings in Coty (NYSE:COTY - Free Report) by 84.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,197 shares of the company's stock after selling 54,403 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Coty were worth $56,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its position in shares of Coty by 12.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock worth $140,691,000 after buying an additional 2,175,120 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Coty by 13.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company's stock valued at $92,697,000 after buying an additional 1,569,315 shares during the last quarter. Norges Bank acquired a new stake in Coty during the fourth quarter worth about $44,401,000. Millennium Management LLC lifted its holdings in Coty by 58.7% in 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 during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Coty by 162.2% in the first quarter. Assenagon Asset Management S.A. now owns 4,300,292 shares of the company's stock valued at $23,523,000 after acquiring an additional 2,660,221 shares during the period. Institutional investors and hedge funds own 42.36% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company reiterated a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. The Goldman Sachs Group cut their target price on Coty from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Stifel Nicolaus lowered their price target on shares of Coty from $8.00 to $6.50 and set a "hold" rating for the company in a research report on Thursday, April 10th. Bank of America downgraded shares of Coty from a "buy" rating to an "underperform" rating and cut their price objective for the company from $9.00 to $4.50 in a research report on Tuesday, April 15th. Finally, BNP Paribas cut shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 target price for the company. in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $7.80.

Coty Trading Down 2.9%

Shares of Coty stock opened at $4.85 on Friday. The business has a fifty day simple moving average of $4.93 and a 200-day simple moving average of $5.44. Coty has a fifty-two week low of $4.46 and a fifty-two week high of $10.30. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of -10.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.91. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.03.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Coty had a negative net margin of 6.60% and a positive return on equity of 5.61%. Coty's revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. On average, equities analysts forecast that Coty will post 0.39 EPS for the current fiscal year.

Coty 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.

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