Coty Inc. (NYSE:COTY) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP lifted its holdings in Coty Inc. (NYSE:COTY - Free Report) by 490.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 827,903 shares of the company's stock after buying an additional 687,756 shares during the quarter. Two Sigma Investments LP owned 0.10% of Coty worth $5,762,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. State of Wyoming purchased a new stake in shares of Coty in the fourth quarter valued at approximately $107,000. Sherbrooke Park Advisers LLC boosted its stake in shares of Coty by 129.6% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 60,889 shares of the company's stock valued at $424,000 after buying an additional 34,372 shares in the last quarter. Prevatt Capital Ltd boosted its stake in shares of Coty by 27.7% in the fourth quarter. Prevatt Capital Ltd now owns 3,000,000 shares of the company's stock valued at $20,880,000 after buying an additional 650,000 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Coty in the fourth quarter valued at approximately $201,000. Finally, Man Group plc purchased a new stake in Coty during the fourth quarter worth $28,473,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COTY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Coty from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley decreased their target price on Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Canaccord Genuity Group reiterated a "hold" rating and set a $5.00 target price (down from $8.00) on shares of Coty in a research report on Thursday, May 8th. Evercore ISI decreased their target price on Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, Piper Sandler decreased their target price on Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $7.80.

Coty Trading Down 1.2%

Coty stock traded down $0.06 during trading on Friday, hitting $4.93. The company's stock had a trading volume of 8,177,859 shares, compared to its average volume of 5,685,735. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of -493.00, a P/E/G ratio of 0.81 and a beta of 1.90. The stock's fifty day moving average is $5.02 and its 200 day moving average is $6.11. Coty Inc. has a 1-year low of $4.46 and a 1-year 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.

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