ExodusPoint Capital Management LP Sells 119,139 Shares of Coty Inc. (NYSE:COTY)

ExodusPoint Capital Management LP reduced its position in shares of Coty Inc. (NYSE:COTY) by 52.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 107,174 shares of the company’s stock after selling 119,139 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Coty were worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of COTY. Norges Bank acquired a new stake in Coty in the 4th quarter valued at approximately $44,401,000. Amundi boosted its position in shares of Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after acquiring an additional 4,478,906 shares during the period. Caisse Des Depots ET Consignations acquired a new stake in shares of Coty in the fourth quarter worth $19,663,000. Thrivent Financial for Lutherans increased its position in Coty by 25.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock worth $56,354,000 after acquiring an additional 1,646,839 shares during the period. Finally, Trexquant Investment LP boosted its holdings in Coty by 224.9% in the 4th quarter. Trexquant Investment LP now owns 1,410,537 shares of the company’s stock valued at $9,817,000 after purchasing an additional 976,370 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Stock Performance

Shares of NYSE:COTY opened at $5.19 on Friday. The business has a fifty day moving average of $5.63 and a 200-day moving average of $6.90. The firm has a market cap of $4.52 billion, a PE ratio of -518.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. Coty Inc. has a twelve month low of $4.61 and a twelve month high of $11.81.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on COTY shares. Evercore ISI decreased their target price on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley decreased their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Barclays reduced their target price on Coty from $5.00 to $4.50 and set an “underweight” rating for the company in a research report on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 price target on shares of Coty in a report on Wednesday, February 12th. Finally, Canaccord Genuity Group reduced their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Coty presently has an average rating of “Moderate Buy” and a consensus price target of $9.06.

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.