Squarepoint Ops LLC Cuts Holdings in Coty Inc. (NYSE:COTY)

Squarepoint Ops LLC lowered its position in Coty Inc. (NYSE:COTY - Free Report) by 91.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,246 shares of the company's stock after selling 1,530,839 shares during the period. Squarepoint Ops LLC's holdings in Coty were worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Retirement Systems of Alabama grew its position in Coty by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 444,245 shares of the company's stock valued at $3,092,000 after buying an additional 1,472 shares during the period. Stephens Inc. AR grew its position in shares of Coty by 12.0% during the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company's stock valued at $108,000 after acquiring an additional 1,672 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Coty by 16.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock valued at $94,000 after purchasing an additional 1,893 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Coty by 26.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock worth $69,000 after purchasing an additional 2,110 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in 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 in the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on COTY. Stifel Nicolaus reduced their price target on shares of Coty from $8.00 to $6.50 and set a "hold" rating for the company in a research report on Thursday, April 10th. Citigroup reduced their target price on Coty from $8.00 to $6.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Barclays lowered their price target on Coty from $5.00 to $4.50 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Berenberg Bank initiated coverage on shares of Coty in a research note on Tuesday, March 25th. They set a "buy" rating and a $7.50 target price on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of Coty from $6.00 to $5.00 and set a "neutral" rating for the company in a research report 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 given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.80.

Coty Stock Performance

NYSE COTY traded up $0.02 during trading on Wednesday, reaching $4.99. The company's stock had a trading volume of 5,365,272 shares, compared to its average volume of 5,715,051. The business's fifty day moving average price is $4.99 and its 200-day moving average price is $6.07. Coty Inc. has a twelve month low of $4.46 and a twelve month high of $10.54. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of -499.00, a P/E/G ratio of 0.81 and a beta of 1.90.

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

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.