Occudo Quantitative Strategies LP Acquires New Shares in Coty Inc. (NYSE:COTY)

Occudo Quantitative Strategies LP purchased a new stake in Coty Inc. (NYSE:COTY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 103,277 shares of the company's stock, valued at approximately $719,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC increased its position in shares of Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after acquiring an additional 3,186 shares in the last quarter. Allworth Financial LP increased its holdings in Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock valued at $42,000 after purchasing an additional 3,328 shares in the last quarter. Blue Trust Inc. raised its position in Coty by 124.8% in the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after purchasing an additional 3,877 shares during the period. Quadrant Capital Group LLC raised 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 valued at $51,000 after purchasing an additional 2,601 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Coty during the fourth quarter worth about $54,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COTY has been the subject of a number of recent research reports. Stifel Nicolaus lowered their target price on Coty from $8.00 to $6.50 and set a "hold" rating for the company in a research note on Thursday, April 10th. Evercore ISI lowered their price objective on shares of Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Bank of America cut shares of Coty from a "buy" rating to an "underperform" rating and reduced their target price for the stock from $9.00 to $4.50 in a research report on Tuesday, April 15th. BNP Paribas downgraded shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 target price for the company. in a research note on Friday, April 11th. Finally, Morgan Stanley dropped their price target 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Coty currently has a consensus rating of "Hold" and an average price target of $7.80.

Coty Stock Up 0.4%

NYSE COTY traded up $0.02 on Friday, hitting $5.05. 4,854,797 shares of the stock traded hands, compared to its average volume of 5,555,421. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $5.15 and a 200 day moving average of $6.29. Coty Inc. has a twelve month low of $4.46 and a twelve month high of $10.80. The company has a market capitalization of $4.40 billion, a P/E ratio of -505.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90.

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