Coty (NYSE:COTY) Shares Sold by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. reduced its position in Coty (NYSE:COTY - Free Report) by 52.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,500 shares of the company's stock after selling 143,200 shares during the quarter. Shikiar Asset Management Inc.'s holdings in Coty were worth $714,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its stake in 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 last quarter. GAMMA Investing LLC lifted its position 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 acquiring an additional 3,214 shares during the period. Allworth Financial LP grew its stake in Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock valued at $42,000 after purchasing an additional 3,328 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings 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 worth $51,000 after purchasing an additional 2,601 shares during the period. Finally, Impact Capital Partners LLC acquired a new position in Coty in the first quarter valued at approximately $61,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Stock Down 2.7%

Shares of NYSE COTY traded down $0.14 during mid-day trading on Thursday, hitting $4.81. The company had a trading volume of 10,167,904 shares, compared to its average volume of 6,017,191. Coty has a 1-year low of $4.46 and a 1-year high of $10.54. The company has a market capitalization of $4.19 billion, a PE ratio of -10.01, a price-to-earnings-growth ratio of 1.15 and a beta of 1.96. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.82 and a quick ratio of 0.51. The business's 50-day simple moving average is $4.95 and its 200 day simple moving average is $5.91.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). Coty had a negative net margin of 6.60% and a positive return on equity of 5.61%. The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the business posted $0.05 EPS. The business's quarterly revenue was down 6.2% compared to the same quarter last year. On average, analysts predict that Coty will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citigroup dropped their target price on Coty from $8.00 to $6.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Bank of America lowered shares of Coty from a "buy" rating to an "underperform" rating and cut their price target for the stock from $9.00 to $4.50 in a report on Tuesday, April 15th. Royal Bank Of Canada reduced their price objective on shares of Coty from $13.00 to $12.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company reiterated a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. Finally, Canaccord Genuity Group reiterated a "hold" rating and set a $5.00 price objective (down from $8.00) on shares of Coty in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Coty has an average 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.