Millennium Management LLC Has $31.92 Million Stock Position in Coty Inc. (NYSE:COTY)

Millennium Management LLC increased its stake in Coty Inc. (NYSE:COTY - Free Report) by 58.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,585,632 shares of the company's stock after buying an additional 1,695,358 shares during the quarter. Millennium Management LLC owned approximately 0.53% of Coty worth $31,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. acquired a new stake in Coty in the 4th quarter valued at about $1,096,000. Gotham Asset Management LLC raised its stake in Coty by 64.8% in the fourth quarter. Gotham Asset Management LLC now owns 214,291 shares of the company's stock valued at $1,491,000 after buying an additional 84,298 shares during the period. First Manhattan CO. LLC. lifted its position in shares of Coty by 1.2% in the fourth quarter. First Manhattan CO. LLC. now owns 697,211 shares of the company's stock valued at $4,853,000 after buying an additional 8,275 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Coty during the 4th quarter worth approximately $12,981,000. Finally, Corton Capital Inc. bought a new position in shares of Coty during the 4th quarter worth approximately $191,000. 42.36% of the stock is owned by institutional investors.

Coty Price Performance

NYSE COTY traded up $0.08 during midday trading on Thursday, hitting $4.94. The company had a trading volume of 8,906,513 shares, compared to its average volume of 5,594,275. The company has a market capitalization of $4.31 billion, a PE ratio of -494.00, a P/E/G ratio of 0.81 and a beta of 1.90. Coty Inc. has a twelve month low of $4.46 and a twelve month high of $10.80. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $5.12 and a 200-day moving average price of $6.24.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). Coty had a net margin of 0.22% and a return on equity of 6.34%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the firm earned $0.05 EPS. The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on COTY shares. Stifel Nicolaus dropped their price target on Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Barclays dropped their price objective on shares of Coty from $5.00 to $4.50 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Piper Sandler reduced their target price on shares of Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Morgan Stanley decreased their price target on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Finally, DA Davidson reissued a "buy" rating and issued a $12.50 price target on shares of Coty in a report on Thursday, February 6th. Two 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.80.

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.