New Age Alpha Advisors LLC Acquires New Position in Coty Inc. (NYSE:COTY)

New Age Alpha Advisors LLC bought a new position in shares of Coty Inc. (NYSE:COTY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,725 shares of the company’s stock, valued at approximately $144,000.

A number of other institutional investors also recently bought and sold shares of COTY. Steward Partners Investment Advisory LLC raised its position in shares of Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after buying an additional 3,186 shares during the period. Allworth Financial LP increased its stake in Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after acquiring an additional 3,328 shares during the last quarter. Blue Trust Inc. raised its position in Coty by 124.8% in the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after purchasing an additional 3,877 shares during the period. R Squared Ltd acquired a new position in shares of Coty in the 4th quarter valued at $54,000. Finally, US Bancorp DE grew its holdings in shares of Coty by 116.0% during the 4th quarter. US Bancorp DE now owns 9,473 shares of the company’s stock worth $66,000 after purchasing an additional 5,088 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Price Performance

Coty stock opened at $5.64 on Thursday. 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 has a fifty day simple moving average of $6.04 and a 200-day simple moving average of $7.15. The stock has a market cap of $4.92 billion, a P/E ratio of -564.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. Coty Inc. has a 12-month low of $5.35 and a 12-month high of $11.81.

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

Analyst Ratings Changes

Several brokerages recently issued reports on COTY. The Goldman Sachs Group reduced their price objective on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Canaccord Genuity Group lowered their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 target price on shares of Coty in a report on Wednesday, February 12th. Barclays decreased their price target on Coty from $6.00 to $5.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. Finally, Citigroup raised Coty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $7.00 to $8.00 in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.55.

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.