Jefferies Financial Group Inc. increased its position in shares of Coty (NYSE:COTY – Free Report) by 868.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 112,675 shares of the company’s stock after acquiring an additional 101,039 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Coty were worth $524,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of Coty by 137.1% during the 2nd quarter. UMB Bank n.a. now owns 6,851 shares of the company’s stock worth $32,000 after purchasing an additional 3,962 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Coty by 1,006.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company’s stock valued at $40,000 after purchasing an additional 6,644 shares during the last quarter. Ballentine Partners LLC purchased a new position in Coty during the second quarter worth about $48,000. Impact Capital Partners LLC lifted its position in Coty by 21.1% during the second quarter. Impact Capital Partners LLC now owns 13,486 shares of the company’s stock worth $63,000 after buying an additional 2,346 shares during the period. Finally, Wedmont Private Capital acquired a new stake in Coty in the 2nd quarter worth about $66,000. 42.36% of the stock is owned by hedge funds and other institutional investors.
Coty Price Performance
COTY opened at $3.30 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.77 and a debt-to-equity ratio of 1.06. Coty has a 52-week low of $3.12 and a 52-week high of $8.04. The company has a 50 day moving average of $3.86 and a two-hundred day moving average of $4.44. The company has a market cap of $2.88 billion, a P/E ratio of -7.49, a P/E/G ratio of 0.27 and a beta of 2.02.
Insider Transactions at Coty
In related news, insider Kristin Blazewicz acquired 29,400 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were bought at an average cost of $4.30 per share, with a total value of $126,420.00. Following the completion of the transaction, the insider directly owned 829,142 shares of the company’s stock, valued at $3,565,310.60. This trade represents a 3.68% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.90% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on COTY shares. Wall Street Zen raised shares of Coty from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Canaccord Genuity Group dropped their price target on shares of Coty from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Friday, August 22nd. Citigroup reaffirmed a “neutral” rating and set a $4.25 price target (down previously from $6.50) on shares of Coty in a research note on Thursday, August 21st. Morgan Stanley decreased their price target on shares of Coty from $5.00 to $4.25 and set an “equal weight” rating on the stock in a report on Monday, August 25th. Finally, The Goldman Sachs Group dropped their price objective on Coty from $6.00 to $4.50 and set a “neutral” rating for the company in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.42.
View Our Latest Stock Report on Coty
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.
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