Parametrica Management Ltd Takes Position in Coty Inc. (NYSE:COTY)

Parametrica Management Ltd purchased a new position in shares of Coty Inc. (NYSE:COTY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,161 shares of the company’s stock, valued at approximately $119,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Coty by 116.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 42,944 shares of the company’s stock worth $403,000 after buying an additional 23,110 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Coty by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,901,380 shares of the company’s stock worth $27,244,000 after buying an additional 14,075 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Coty by 10.8% during the 3rd quarter. Citigroup Inc. now owns 569,441 shares of the company’s stock worth $5,347,000 after purchasing an additional 55,581 shares during the period. Lazard Freres Gestion S.A.S. acquired a new stake in Coty in the 3rd quarter worth about $394,000. Finally, Capstone Investment Advisors LLC acquired a new position in Coty during the third quarter worth approximately $109,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analyst Upgrades and Downgrades

COTY has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 price objective on shares of Coty in a research report on Wednesday, February 12th. Berenberg Bank assumed coverage on shares of Coty in a research report on Tuesday. They set a “buy” rating and a $7.50 price target on the stock. Citigroup raised shares of Coty from a “neutral” rating to a “buy” rating and increased their target price for the stock from $7.00 to $8.00 in a report on Thursday, March 20th. The Goldman Sachs Group reduced their price objective on Coty from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Finally, Piper Sandler cut their price target on Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.66.

Coty Trading Down 0.9 %

NYSE COTY opened at $5.49 on Wednesday. The business’s fifty day moving average is $6.24 and its 200-day moving average is $7.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. Coty Inc. has a one year low of $5.35 and a one year high of $11.99. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of -549.00, a PEG ratio of 0.81 and a beta of 1.97.

Coty (NYSE:COTY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Equities research analysts predict that Coty Inc. will post 0.39 EPS 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.