Coty (NYSE:COTY) Position Raised by Cwm LLC

CWM LLC increased its position in shares of Coty (NYSE:COTY - Free Report) by 1,855.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,380 shares of the company's stock after buying an additional 110,427 shares during the period. CWM LLC's holdings in Coty were worth $637,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in COTY. Norges Bank purchased a new position in Coty during the fourth quarter valued at $44,401,000. Man Group plc acquired a new stake in shares of Coty in the fourth quarter valued at about $28,473,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Coty in the fourth quarter valued at about $19,663,000. Assenagon Asset Management S.A. raised its position in shares of 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 buying an additional 2,660,221 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Coty by 12.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock valued at $140,691,000 after buying an additional 2,175,120 shares during the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Trading Up 3.1%

Shares of COTY stock traded up $0.16 during trading hours on Friday, hitting $5.11. 6,677,177 shares of the company were exchanged, compared to its average volume of 8,030,166. The firm has a market cap of $4.45 billion, a PE ratio of -10.64, a PEG ratio of 0.70 and a beta of 1.91. Coty has a 1 year low of $4.46 and a 1 year high of $10.30. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.03. The firm has a fifty day moving average of $4.92 and a 200 day moving average of $5.47.

Coty (NYSE:COTY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Coty had a positive return on equity of 5.61% and a negative net margin of 6.60%. The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS. Analysts expect that Coty will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

COTY has been the subject of a number of recent analyst reports. Bank of America cut shares of Coty from a "buy" rating to an "underperform" rating and dropped their price target for the company from $9.00 to $4.50 in a research report on Tuesday, April 15th. The Goldman Sachs Group dropped their price target on shares of Coty from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Canaccord Genuity Group reiterated 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. Royal Bank Of Canada dropped their price objective on shares of Coty from $13.00 to $12.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Finally, Citigroup dropped their price objective on shares of Coty from $8.00 to $6.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus 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.