Entropy Technologies LP Purchases Shares of 43,949 Coty Inc. (NYSE:COTY)

Entropy Technologies LP acquired a new position in Coty Inc. (NYSE:COTY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 43,949 shares of the company’s stock, valued at approximately $413,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in COTY. Blue Trust Inc. increased its position in Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after buying an additional 2,385 shares in the last quarter. Quent Capital LLC lifted its stake in shares of Coty by 1,448.8% in the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares during the last quarter. WealthShield Partners LLC bought a new stake in Coty in the second quarter worth $100,000. Fifth Third Wealth Advisors LLC bought a new position in Coty during the second quarter valued at $107,000. Finally, EntryPoint Capital LLC raised its stake in shares of Coty by 260.4% in the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after acquiring an additional 8,419 shares during the period. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Trading Down 5.3 %

Shares of NYSE:COTY opened at $7.19 on Friday. The company has a market capitalization of $6.24 billion, a PE ratio of 42.26, a P/E/G ratio of 0.72 and a beta of 1.91. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. Coty Inc. has a 12-month low of $7.02 and a 12-month high of $13.30. The business’s fifty day simple moving average is $8.42 and its 200-day simple moving average is $9.49.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. Coty’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. As a group, equities research analysts predict that Coty Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jefferies Financial Group cut their price target on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price target on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Raymond James dropped their price objective on Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Wells Fargo & Company reduced their target price on Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Finally, Evercore ISI reissued an “outperform” rating and set a $15.00 target price on shares of Coty in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Coty has a consensus rating of “Moderate Buy” and a consensus price target of $11.56.

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.