SG Americas Securities LLC Acquires 1,811,638 Shares of Coty Inc. (NYSE:COTY)

SG Americas Securities LLC raised its stake in Coty Inc. (NYSE:COTY - Free Report) by 1,803.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,912,082 shares of the company's stock after acquiring an additional 1,811,638 shares during the period. SG Americas Securities LLC owned about 0.22% of Coty worth $10,459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COTY. Jump Financial LLC bought a new stake in shares of Coty in the 4th quarter valued at $873,000. Amundi increased its stake in Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company's stock worth $30,503,000 after acquiring an additional 4,478,906 shares during the period. TCW Group Inc. raised its position in Coty by 44.1% during the fourth quarter. TCW Group Inc. now owns 304,797 shares of the company's stock valued at $2,121,000 after purchasing an additional 93,229 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Coty by 490.7% in the 4th quarter. Two Sigma Investments LP now owns 827,903 shares of the company's stock valued at $5,762,000 after purchasing an additional 687,756 shares in the last quarter. Finally, Entropy Technologies LP increased its holdings in Coty by 137.4% in the 4th quarter. Entropy Technologies LP now owns 104,349 shares of the company's stock worth $726,000 after purchasing an additional 60,400 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Stock Down 0.8%

Shares of Coty stock traded down $0.04 on Thursday, reaching $5.03. The company's stock had a trading volume of 10,132,457 shares, compared to its average volume of 5,827,311. The firm's fifty day simple moving average is $4.96 and its two-hundred day simple moving average is $5.98. Coty Inc. has a 52 week low of $4.46 and a 52 week high of $10.54. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of -503.00, a P/E/G ratio of 0.81 and a beta of 1.96. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly 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 business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. Coty had a return on equity of 6.34% and a net margin of 0.22%. The company's revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS. Equities analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on COTY shares. Berenberg Bank initiated coverage on shares of Coty in a research note on Tuesday, March 25th. They issued a "buy" rating and a $7.50 price objective on the stock. Canaccord Genuity Group reiterated a "hold" rating and issued a $5.00 price target (down from $8.00) on shares of Coty in a research report on Thursday, May 8th. Stifel Nicolaus decreased their price objective on shares of Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Evercore ISI lowered their price objective on shares of Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Coty from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $7.80.

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.