Renaissance Technologies LLC Has $2.64 Million Stock Position in Coty $COTY

Renaissance Technologies LLC increased its stake in shares of Coty (NYSE:COTY) by 177.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,311,687 shares of the company’s stock after acquiring an additional 839,257 shares during the period. Renaissance Technologies LLC’s holdings in Coty were worth $2,636,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of COTY. Credit Agricole S A bought a new position in Coty in the third quarter valued at approximately $63,824,000. Norges Bank bought a new stake in shares of Coty during the 4th quarter worth approximately $41,867,000. Two Sigma Investments LP raised its stake in shares of Coty by 793.5% during the 3rd quarter. Two Sigma Investments LP now owns 4,401,554 shares of the company’s stock worth $17,782,000 after purchasing an additional 3,908,955 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Coty in the 2nd quarter valued at approximately $15,829,000. Finally, Contrarius Group Holdings Ltd acquired a new stake in shares of Coty in the 4th quarter valued at approximately $10,135,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Stock Performance

Shares of NYSE COTY opened at $2.83 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $2.49 billion, a P/E ratio of -4.56, a P/E/G ratio of 0.81 and a beta of 0.97. Coty has a 12 month low of $1.82 and a 12 month high of $5.08. The stock has a 50 day moving average of $2.29 and a 200-day moving average of $2.38.

Analyst Ratings Changes

Several equities analysts recently weighed in on COTY shares. Citigroup raised their target price on shares of Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley set a $2.50 price target on shares of Coty in a research report on Thursday, May 7th. Barclays cut their price target on shares of Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th. TD Cowen lifted their price objective on shares of Coty from $2.30 to $2.90 and gave the company a “hold” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $8.00 target price on shares of Coty in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $3.70.

Coty Company Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.