Graphene Investments SAS Has $2.84 Million Stake in Coty (NYSE:COTY)

Graphene Investments SAS lifted its position in shares of Coty (NYSE:COTY - Free Report) by 36.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 518,300 shares of the company's stock after acquiring an additional 137,100 shares during the period. Coty comprises approximately 2.1% of Graphene Investments SAS's holdings, making the stock its 21st largest holding. Graphene Investments SAS owned about 0.06% of Coty worth $2,835,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. increased its position in Coty by 16.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock worth $94,000 after buying an additional 1,893 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Coty by 26.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock worth $69,000 after purchasing an additional 2,110 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after purchasing an additional 2,601 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings 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 buying an additional 3,186 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Coty by 15.1% in the fourth quarter. Cetera Investment Advisers now owns 24,370 shares of the company's stock valued at $170,000 after buying an additional 3,191 shares during the period. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Stock Up 0.9%

Shares of COTY traded up $0.04 during midday trading on Monday, reaching $4.65. 6,917,521 shares of the stock were exchanged, compared to its average volume of 6,127,957. Coty has a 12-month low of $4.46 and a 12-month high of $10.54. The firm has a 50 day simple moving average of $4.92 and a 200-day simple moving average of $5.72. 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 company has a market cap of $4.05 billion, a price-to-earnings ratio of -9.69, a P/E/G ratio of 1.08 and a beta of 1.96.

Coty (NYSE:COTY - Get Free Report) last posted 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). Coty had a positive return on equity of 5.61% and a negative net margin of 6.60%. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same period last year, the business earned $0.05 earnings per share. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. Research analysts forecast that Coty will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on COTY. BNP Paribas lowered Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price objective for the company. in a report on Friday, April 11th. Citigroup cut their price objective on Coty from $8.00 to $6.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Stifel Nicolaus cut their price objective on Coty from $8.00 to $6.50 and set a "hold" rating for the company in a report on Thursday, April 10th. Bank of America lowered 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 report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their price objective on Coty from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.