Graphene Investments SAS Increases Stock Position in Coty (NYSE:COTY)

Graphene Investments SAS boosted its holdings in Coty (NYSE:COTY - Free Report) by 36.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 518,300 shares of the company's stock after buying an additional 137,100 shares during the period. Coty makes up 2.1% of Graphene Investments SAS's investment portfolio, making the stock its 21st biggest holding. Graphene Investments SAS owned approximately 0.06% of Coty worth $2,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Steward Partners Investment Advisory LLC grew its position in shares of Coty by 317.0% in the fourth 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 in the last quarter. GAMMA Investing LLC grew its holdings in Coty by 140.2% during the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock valued at $30,000 after buying an additional 3,214 shares in 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 buying an additional 2,601 shares during the period. Impact Capital Partners LLC purchased a new stake in shares of Coty in the first quarter worth about $61,000. Finally, US Bancorp DE lifted its holdings in shares of Coty by 116.0% in the fourth quarter. US Bancorp DE now owns 9,473 shares of the company's stock worth $66,000 after buying an additional 5,088 shares in the last quarter. Institutional investors own 42.36% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on COTY. Berenberg Bank began coverage on shares of Coty in a report on Tuesday, March 25th. They issued a "buy" rating and a $7.50 price target for the company. Stifel Nicolaus reduced their target price on Coty from $8.00 to $6.50 and set a "hold" rating for the company in a research report on Thursday, April 10th. Royal Bank Of Canada decreased their target price on Coty from $13.00 to $12.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. JPMorgan Chase & Co. dropped their price target on Coty from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Canaccord Genuity Group reissued a "hold" rating and set a $5.00 price objective (down previously from $8.00) on shares of Coty in a report on Thursday, May 8th. Two equities 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 data from MarketBeat, Coty has a consensus rating of "Hold" and an average price target of $7.80.

Coty Stock Performance

NYSE COTY opened at $4.62 on Friday. The company has a 50-day simple moving average of $4.92 and a two-hundred day simple moving average of $5.79. Coty has a 12-month low of $4.46 and a 12-month high of $10.54. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of -9.61, a PEG ratio of 1.08 and a beta of 1.96. 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 earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. Coty had a negative net margin of 6.60% and a positive return on equity of 5.61%. The company's revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. On average, equities analysts forecast that Coty will post 0.39 EPS for the current 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.

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