Squarepoint Ops LLC Sells 1,053,525 Shares of Coty $COTY

Key Points

• Squarepoint Ops LLC cut its Coty stake by 69.9% in the second quarter, selling 1,053,525 shares and retaining 454,540 shares valued at approximately $982,000.
• Analyst sentiment remains cautious: Coty has an average rating of “Reduce” and a consensus price target of $3.24, with most analysts issuing Hold ratings.
• Coty shares opened at $2.48 after declining 5.9%. The company missed quarterly EPS estimates, though revenue rose 1.3% year over year to $1.27 billion.

Squarepoint Ops LLC lowered its position in Coty (NYSE:COTY - Free Report) by 69.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 454,540 shares of the company's stock after selling 1,053,525 shares during the quarter. Squarepoint Ops LLC owned approximately 0.05% of Coty worth $982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Coty in the 4th quarter valued at $41,867,000. Assenagon Asset Management S.A. grew its stake in Coty by 11.1% in the second quarter. Assenagon Asset Management S.A. now owns 6,871,724 shares of the company's stock valued at $14,843,000 after purchasing an additional 684,052 shares during the last quarter. Contrarius Group Holdings Ltd bought a new position in Coty in the fourth quarter worth about $10,135,000. Thompson Siegel & Walmsley LLC lifted its position in shares of Coty by 17.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,252,655 shares of the company's stock valued at $10,018,000 after buying an additional 481,656 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Coty by 2,300.9% in the 1st quarter. Pacer Advisors Inc. now owns 2,953,407 shares of the company's stock valued at $5,936,000 after buying an additional 2,830,397 shares in the last quarter. 42.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on COTY. Morgan Stanley boosted their price objective on shares of Coty from $2.50 to $2.75 and gave the stock an "equal weight" rating in a research note on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $3.00 target price on shares of Coty in a research note on Friday, August 21st. Royal Bank Of Canada downgraded Coty from an "outperform" rating to a "sector perform" rating and set a $3.00 price target on the stock. in a research report on Thursday, August 20th. The Goldman Sachs Group reiterated a "neutral" rating and set a $2.60 price objective on shares of Coty in a report on Thursday, August 20th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Coty in a research report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Coty currently has an average rating of "Reduce" and a consensus price target of $3.24.

Coty Stock Down 5.9%

Coty stock opened at $2.48 on Friday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -3.54, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. Coty has a 52 week low of $1.82 and a 52 week high of $4.47. The business's 50-day moving average price is $2.72 and its 200 day moving average price is $2.36. The company has a quick ratio of 0.42, a current ratio of 0.75 and a debt-to-equity ratio of 0.96.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). Coty had a negative net margin of 10.42% and a positive return on equity of 5.68%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm posted ($0.05) earnings per share. The company's revenue was up 1.3% compared to the same quarter last year. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. As a group, sell-side analysts anticipate that Coty will post 0.31 earnings per share for the current year.

Coty Profile

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, color cosmetics, skin care and body care products. Its portfolio spans prestige and mass-market beauty, with products sold through department stores, specialty retailers, drugstores, e-commerce channels and other distribution networks.

The company's brands include CoverGirl, Rimmel London, Sally Hansen, Max Factor and Bourjois, as well as prestige fragrance and beauty brands such as Gucci, Burberry, Calvin Klein, Marc Jacobs, Chloé, Hugo Boss, philosophy and Lancaster.

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