Jump Financial LLC Raises Holdings in Coty $COTY

Key Points

• Jump Financial LLC significantly increased its stake in Coty by 662.1%, now owning approximately 956,471 shares valued at $5.2 million.
• Coty's stock performance shows a market cap of $3.32 billion with a 52-week trading range between $3.75 and $9.97.
• Analysts are generally cautious, with many cutting target prices and a consensus rating of "Hold", featuring an average target price of $6.19.

Jump Financial LLC grew its position in shares of Coty (NYSE:COTY - Free Report) by 662.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 956,471 shares of the company's stock after purchasing an additional 830,969 shares during the quarter. Jump Financial LLC owned about 0.11% of Coty worth $5,232,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Coty by 140.2% during the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock worth $30,000 after purchasing an additional 3,214 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Coty by 1,006.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company's stock worth $40,000 after purchasing an additional 6,644 shares during the period. Callan Capital LLC acquired a new stake in Coty during the first quarter worth approximately $56,000. Impact Capital Partners LLC acquired a new stake in Coty during the first quarter worth approximately $61,000. Finally, Signaturefd LLC grew its stake in Coty by 607.0% during the first quarter. Signaturefd LLC now owns 13,376 shares of the company's stock worth $73,000 after purchasing an additional 11,484 shares during the period. Institutional investors own 42.36% of the company's stock.

Coty Stock Down 1.3%

Shares of COTY stock traded down $0.06 during trading hours on Friday, reaching $4.28. The company had a trading volume of 12,842,539 shares, compared to its average volume of 12,092,080. Coty has a 12 month low of $3.67 and a 12 month high of $9.70. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.77 and a quick ratio of 0.46. The business has a fifty day simple moving average of $4.78 and a 200-day simple moving average of $5.06. The company has a market cap of $3.73 billion, a price-to-earnings ratio of -9.72, a price-to-earnings-growth ratio of 0.39 and a beta of 2.00.

Coty (NYSE:COTY - Get Free Report) last posted its earnings results on Wednesday, August 20th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). Coty had a negative net margin of 6.24% and a positive return on equity of 5.18%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business earned ($0.03) EPS. The firm's revenue for the quarter was down 8.1% compared to the same quarter last year. On average, research analysts expect that Coty will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Sue Nabi bought 260,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were bought at an average price of $3.92 per share, for a total transaction of $1,019,200.00. Following the completion of the acquisition, the chief executive officer directly owned 32,127,286 shares of the company's stock, valued at $125,938,961.12. This trade represents a 0.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Priya Srinivasan purchased 30,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of $3.84 per share, for a total transaction of $115,200.00. Following the completion of the acquisition, the insider directly owned 37,509 shares of the company's stock, valued at $144,034.56. This trade represents a 399.52% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 305,500 shares of company stock worth $1,195,420 over the last 90 days. 6.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

COTY has been the subject of several recent analyst reports. Canaccord Genuity Group decreased their target price on Coty from $5.00 to $4.00 and set a "hold" rating for the company in a research note on Friday, August 22nd. Citigroup reaffirmed a "neutral" rating and set a $4.25 target price (down previously from $6.50) on shares of Coty in a research note on Thursday, August 21st. Jefferies Financial Group cut Coty from a "buy" rating to a "hold" rating and decreased their target price for the stock from $6.00 to $4.00 in a research note on Thursday, August 21st. The Goldman Sachs Group decreased their target price on Coty from $6.00 to $4.50 and set a "neutral" rating for the company in a research note on Friday, August 22nd. Finally, Barclays decreased their target price on Coty from $4.50 to $3.50 and set an "underweight" rating for the company in a research note on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $6.19.

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.