Coty Inc (COTY) Position Lowered by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its position in shares of Coty Inc (NYSE:COTY) by 30.9% in the first quarter, HoldingsChannel.com reports. The firm owned 249,498 shares of the company’s stock after selling 111,503 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Coty were worth $2,869,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in COTY. Nordea Investment Management AB raised its position in shares of Coty by 791.1% during the 3rd quarter. Nordea Investment Management AB now owns 250,852 shares of the company’s stock valued at $3,150,000 after purchasing an additional 222,700 shares during the period. Standard Life Aberdeen plc raised its position in shares of Coty by 12.2% during the 3rd quarter. Standard Life Aberdeen plc now owns 125,731 shares of the company’s stock valued at $1,579,000 after purchasing an additional 13,688 shares during the period. Morgan Stanley raised its position in shares of Coty by 160.5% during the 3rd quarter. Morgan Stanley now owns 488,714 shares of the company’s stock valued at $6,139,000 after purchasing an additional 301,094 shares during the period. State of Alaska Department of Revenue raised its position in shares of Coty by 33.7% during the 4th quarter. State of Alaska Department of Revenue now owns 205,777 shares of the company’s stock valued at $1,348,000 after purchasing an additional 51,884 shares during the period. Finally, Virtu Financial LLC raised its position in shares of Coty by 524.5% during the 4th quarter. Virtu Financial LLC now owns 102,504 shares of the company’s stock valued at $672,000 after purchasing an additional 86,090 shares during the period. 65.85% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:COTY opened at $11.26 on Monday. Coty Inc has a 52 week low of $5.91 and a 52 week high of $17.58. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 2.54 and a beta of 0.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.96 and a quick ratio of 0.66.

Coty (NYSE:COTY) last issued its quarterly earnings data on Friday, February 8th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Coty had a negative net margin of 13.58% and a positive return on equity of 5.38%. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the company posted $0.32 EPS. The business’s revenue was down 4.8% on a year-over-year basis. As a group, research analysts expect that Coty Inc will post 0.64 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Jefferies Financial Group restated a “hold” rating on shares of Coty in a research report on Tuesday, March 5th. Zacks Investment Research raised shares of Coty from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. JPMorgan Chase & Co. raised their target price on shares of Coty to $10.00 and gave the company a “neutral” rating in a research note on Monday, February 11th. Citigroup cut shares of Coty from a “buy” rating to a “neutral” rating and cut their target price for the company from $13.00 to $12.00 in a research note on Tuesday, April 2nd. Finally, ValuEngine raised shares of Coty from a “strong sell” rating to a “sell” rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Coty currently has a consensus rating of “Hold” and an average price target of $12.96.

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Coty Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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