Occudo Quantitative Strategies LP Purchases New Holdings in Coty Inc. (NYSE:COTY)

Occudo Quantitative Strategies LP acquired a new position in Coty Inc. (NYSE:COTY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 103,277 shares of the company’s stock, valued at approximately $719,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Coty by 147.1% in the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after purchasing an additional 693,961 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Coty by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock worth $6,981,000 after acquiring an additional 107,014 shares in the last quarter. Oak Thistle LLC purchased a new stake in Coty in the 4th quarter worth about $808,000. Janney Montgomery Scott LLC acquired a new stake in Coty during the 4th quarter worth about $267,000. Finally, PFG Investments LLC acquired a new stake in Coty during the 4th quarter worth about $75,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on COTY shares. Wells Fargo & Company reiterated a “positive” rating on shares of Coty in a report on Wednesday, April 16th. Bank of America downgraded shares of Coty from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $9.00 to $4.50 in a research report on Tuesday, April 15th. Royal Bank of Canada dropped their price objective on shares of Coty from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group decreased their target price on shares of Coty from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Finally, BNP Paribas cut shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.65 price target on the stock. in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.80.

Coty Trading Up 0.2%

Coty stock opened at $5.09 on Thursday. Coty Inc. has a one year low of $4.46 and a one year high of $11.06. The company’s fifty day moving average price is $5.18 and its two-hundred day moving average price is $6.33. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of -509.00, a PEG ratio of 0.81 and a beta of 1.90.

Coty (NYSE:COTY) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Coty had a net margin of 0.22% and a return on equity of 6.34%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company posted $0.05 EPS. The business’s revenue was down 6.2% on a year-over-year basis. On average, analysts forecast that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

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.