103,277 Shares in Coty Inc. (NYSE:COTY) Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP purchased a new stake in shares of Coty Inc. (NYSE:COTY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 103,277 shares of the company's stock, valued at approximately $719,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its holdings in shares of Coty by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company's stock worth $3,092,000 after acquiring an additional 1,472 shares in the last quarter. Stephens Inc. AR raised 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 buying an additional 1,672 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Coty by 16.3% during the fourth 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 during the period. Jones Financial Companies Lllp raised its holdings in Coty by 26.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock valued at $69,000 after buying an additional 2,110 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after buying an additional 2,601 shares during the last quarter. 42.36% of the stock is owned by institutional investors.

Coty Stock Up 2.3%

NYSE COTY traded up $0.12 during trading on Tuesday, reaching $5.15. 1,733,082 shares of the company's stock traded hands, compared to its average volume of 7,374,720. Coty Inc. has a 12-month low of $4.46 and a 12-month high of $10.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of -514.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. The company's 50 day simple moving average is $5.14 and its two-hundred day simple moving average is $6.26.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 0.22% and a return on equity of 6.34%. The business's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. As a group, sell-side analysts forecast that Coty Inc. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Coty from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Bank of America downgraded shares of Coty from a "buy" rating to an "underperform" rating and cut their price target for the company from $9.00 to $4.50 in a report on Tuesday, April 15th. Canaccord Genuity Group reissued a "hold" rating and issued a $5.00 price objective (down previously from $8.00) on shares of Coty in a research note on Thursday, May 8th. The Goldman Sachs Group cut their target price on Coty from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, DA Davidson reissued a "buy" rating and set a $12.50 price target on shares of Coty in a research note on Thursday, February 6th. 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 company. Based on data from MarketBeat, Coty has a consensus rating of "Hold" and an average price target 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.