Jump Financial LLC Purchases Shares of 125,502 Coty Inc. (NYSE:COTY)

Jump Financial LLC acquired a new position in shares of Coty Inc. (NYSE:COTY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 125,502 shares of the company’s stock, valued at approximately $873,000.

Other large investors also recently made changes to their positions in the company. Clearbridge Investments LLC lifted its position in shares of Coty by 0.4% in the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock valued at $68,379,000 after buying an additional 37,412 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after purchasing an additional 1,646,839 shares during the last quarter. Norges Bank bought a new position in shares of Coty in the fourth quarter valued at about $44,401,000. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Coty by 5.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock worth $41,270,000 after buying an additional 287,061 shares during the last quarter. Finally, Amundi grew its stake in Coty by 1,990,624.9% in the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after buying an additional 4,478,906 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Trading Up 1.1 %

COTY opened at $4.78 on Tuesday. The company has a market cap of $4.17 billion, a P/E ratio of -478.00, a PEG ratio of 0.81 and a beta of 1.75. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $5.43 and its 200-day moving average is $6.70. Coty Inc. has a 1-year low of $4.56 and a 1-year high of $11.81.

Coty (NYSE:COTY) last issued its earnings results on Monday, February 10th. The company reported $0.11 earnings per share 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Berenberg Bank started coverage on Coty in a report on Tuesday, March 25th. They set a “buy” rating and a $7.50 price objective for the company. Piper Sandler decreased their price objective on Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Wells Fargo & Company reissued a “positive” rating on shares of Coty in a report on Wednesday, April 16th. DA Davidson restated a “buy” rating and issued a $12.50 price target on shares of Coty in a research note on Thursday, February 6th. Finally, Evercore ISI dropped their price objective on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Coty presently has a consensus rating of “Hold” and a consensus target price of $8.24.

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.