Coty Inc. (NYSE:COTY) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Coty Inc. (NYSE:COTY - Free Report) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,211,687 shares of the company's stock after buying an additional 152,675 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Coty worth $8,433,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in COTY. Norges Bank purchased a new position in shares of Coty during the 4th quarter valued at approximately $44,401,000. Amundi grew its stake in Coty by 1,990,624.9% in the 4th quarter. Amundi now owns 4,479,131 shares of the company's stock valued at $30,503,000 after acquiring an additional 4,478,906 shares during the period. Man Group plc acquired a new stake in Coty in the 4th quarter valued at $28,473,000. Caisse Des Depots ET Consignations acquired a new stake in Coty in the 4th quarter valued at $19,663,000. Finally, Ameriprise Financial Inc. grew its stake in Coty by 12.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock valued at $140,691,000 after acquiring an additional 2,175,120 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Trading Up 0.4%

COTY traded up $0.02 on Wednesday, hitting $4.99. The company had a trading volume of 5,365,272 shares, compared to its average volume of 5,715,051. The firm has a market cap of $4.35 billion, a P/E ratio of -499.00, a PEG ratio of 0.81 and a beta of 1.90. Coty Inc. has a 1 year low of $4.46 and a 1 year high of $10.54. The company's fifty day moving average price is $4.99 and its 200 day moving average price is $6.07. The company has a current ratio of 0.71, a quick ratio of 0.45 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 (EPS) for the quarter, missing analysts' consensus estimates 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 firm's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share. As a group, equities analysts expect that Coty Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

COTY has been the topic of a number of research analyst reports. Evercore ISI dropped their price target on shares of Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Barclays lowered their target price on shares of Coty from $5.00 to $4.50 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Morgan Stanley lowered their target price on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. BNP Paribas cut shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price target on the stock. in a research report on Friday, April 11th. Finally, Piper Sandler lowered their price target on shares of Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Two investment 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 MarketBeat.com, Coty currently 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.