XTX Topco Ltd Takes Position in Coty (NYSE:COTY)

XTX Topco Ltd acquired a new stake in shares of Coty (NYSE:COTY - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 134,494 shares of the company's stock, valued at approximately $736,000.

Other hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its stake 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 acquiring an additional 2,601 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Coty by 15.1% during the fourth quarter. Cetera Investment Advisers now owns 24,370 shares of the company's stock valued at $170,000 after buying an additional 3,191 shares during the last quarter. GAMMA Investing LLC raised its stake in Coty by 140.2% in 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 last quarter. Bank of Montreal Can grew its stake in Coty by 8.3% during the 4th quarter. Bank of Montreal Can now owns 61,237 shares of the company's stock valued at $426,000 after purchasing an additional 4,716 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Coty by 0.6% in the first quarter. Principal Financial Group Inc. now owns 844,292 shares of the company's stock worth $4,618,000 after purchasing an additional 5,272 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on COTY shares. Citigroup cut their price target on Coty from $8.00 to $6.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group lowered their price target on shares of Coty from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus decreased their price objective 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. Barclays reduced their price target on Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a report on Friday, April 11th. Finally, Wells Fargo & Company reaffirmed a "positive" rating on shares of Coty in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.80.

Coty Trading Up 3.0%

NYSE COTY traded up $0.15 during trading hours on Wednesday, reaching $4.92. The company had a trading volume of 8,107,066 shares, compared to its average volume of 7,729,910. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $4.29 billion, a P/E ratio of -10.24, a price-to-earnings-growth ratio of 0.65 and a beta of 2.00. The stock has a 50-day moving average of $4.92 and a 200 day moving average of $5.37. Coty has a 1-year low of $4.46 and a 1-year high of $10.30.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). Coty had a positive return on equity of 5.61% and a negative net margin of 6.60%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company earned $0.05 earnings per share. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, research analysts anticipate that Coty will post 0.39 earnings per share for the current fiscal year.

Coty Company 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.