Trexquant Investment LP Buys 976,370 Shares of Coty Inc. (NYSE:COTY)

Trexquant Investment LP increased its stake in shares of Coty Inc. (NYSE:COTY) by 224.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,410,537 shares of the company’s stock after acquiring an additional 976,370 shares during the period. Trexquant Investment LP’s holdings in Coty were worth $9,817,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Coty by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,901,380 shares of the company’s stock worth $27,244,000 after purchasing an additional 14,075 shares in the last quarter. Centiva Capital LP bought a new position in shares of Coty in the 3rd quarter valued at about $1,182,000. Holocene Advisors LP acquired a new position in shares of Coty during the 3rd quarter worth about $1,780,000. Point72 DIFC Ltd bought a new stake in shares of Coty in the 3rd quarter valued at about $622,000. Finally, Redwood Investment Management LLC lifted its stake in Coty by 4.1% in the 3rd quarter. Redwood Investment Management LLC now owns 145,294 shares of the company’s stock valued at $1,382,000 after purchasing an additional 5,682 shares during the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Price Performance

Shares of NYSE COTY opened at $5.64 on Thursday. The business has a fifty day moving average price of $6.04 and a two-hundred day moving average price of $7.15. The stock has a market capitalization of $4.92 billion, a PE ratio of -564.00, a P/E/G ratio of 0.81 and a beta of 1.97. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. Coty Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $11.81.

Coty (NYSE:COTY) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS 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%. As a group, equities analysts predict that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on COTY shares. DA Davidson reissued a “buy” rating and set a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. Wells Fargo & Company decreased their target price on Coty from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Wednesday. Barclays cut their price target on Coty from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Evercore ISI reduced their price objective on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group dropped their price objective on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.