Jump Financial LLC Purchases New Holdings in Coty Inc. (NYSE:COTY)

Jump Financial LLC acquired a new stake in shares of Coty Inc. (NYSE:COTY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 125,502 shares of the company's stock, valued at approximately $873,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC lifted its holdings in shares of Coty by 0.4% during the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company's stock valued at $68,379,000 after purchasing an additional 37,412 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Coty by 25.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock worth $56,354,000 after buying an additional 1,646,839 shares during the last quarter. Norges Bank bought a new position in Coty during the 4th quarter valued at about $44,401,000. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Coty by 5.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company's stock valued at $41,270,000 after acquiring an additional 287,061 shares during the last quarter. Finally, Amundi grew its stake in shares of Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company's stock worth $30,503,000 after acquiring an additional 4,478,906 shares during the period. 42.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Berenberg Bank began coverage on Coty in a report on Tuesday, March 25th. They issued a "buy" rating and a $7.50 price objective for the company. Raymond James downgraded Coty from an "outperform" rating to a "market perform" rating in a report on Thursday, April 17th. Morgan Stanley cut their price target on Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Finally, Bank of America cut shares of Coty from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $9.00 to $4.50 in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Coty presently has an average rating of "Hold" and a consensus price target of $8.24.

Coty Price Performance

Coty stock traded down $0.07 during mid-day trading on Friday, reaching $4.97. 5,509,711 shares of the company's stock traded hands, compared to its average volume of 5,309,870. Coty Inc. has a 12-month low of $4.56 and a 12-month high of $11.77. The company has a market cap of $4.33 billion, a price-to-earnings ratio of -497.00, a PEG ratio of 0.81 and a beta of 1.75. The stock has a 50 day moving average of $5.37 and a two-hundred day moving average of $6.58. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY - Get Free Report) last announced its earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Equities analysts forecast that Coty Inc. will post 0.39 earnings per share for the current year.

About Coty

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.