Schonfeld Strategic Advisors LLC Acquires 294,479 Shares of Coty Inc. (NYSE:COTY)

Schonfeld Strategic Advisors LLC lifted its position in Coty Inc. (NYSE:COTY - Free Report) by 1,102.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,179 shares of the company's stock after buying an additional 294,479 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Coty were worth $2,235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its stake in shares of Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after purchasing an additional 3,186 shares during the last quarter. Allworth Financial LP lifted its position in shares of Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company's stock valued at $42,000 after buying an additional 3,328 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Coty by 124.8% during the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock worth $49,000 after acquiring an additional 3,877 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Coty by 55.3% during the 4th 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 last quarter. Finally, R Squared Ltd acquired a new position in shares of Coty in the fourth quarter valued at $54,000. 42.36% of the stock is owned by institutional investors.

Coty Stock Down 3.1 %

NYSE:COTY traded down $0.15 during trading hours on Friday, hitting $4.67. 8,304,347 shares of the company traded hands, compared to its average volume of 5,444,334. Coty Inc. has a one year low of $4.46 and a one year high of $11.41. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.07 billion, a PE ratio of -467.00, a PEG ratio of 0.81 and a beta of 1.90. The firm's 50-day simple moving average is $5.24 and its 200-day simple moving average is $6.40.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $1.30 billion during 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 company's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. Equities analysts predict that Coty Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Bank of America downgraded Coty from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $9.00 to $4.50 in a report on Tuesday, April 15th. Stifel Nicolaus decreased their price target on shares of Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a research note on Thursday, April 10th. DA Davidson reiterated a "buy" rating and issued a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group lowered their target price on shares of Coty from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $7.80.

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.