42,016 Shares in Coty Inc. (NYSE:COTY) Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new position in shares of Coty Inc. (NYSE:COTY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 42,016 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds have also recently added to or reduced their stakes in COTY. Atria Investments Inc grew its stake in Coty by 19.3% during the 3rd quarter. Atria Investments Inc now owns 18,650 shares of the company’s stock worth $175,000 after buying an additional 3,022 shares during the last quarter. Natixis Advisors LLC grew its stake in Coty by 30.1% during the 3rd quarter. Natixis Advisors LLC now owns 1,388,226 shares of the company’s stock worth $13,036,000 after buying an additional 321,221 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after buying an additional 656,952 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Coty during the 3rd quarter worth approximately $3,681,000. Finally, Hilton Capital Management LLC grew its stake in Coty by 18.3% during the 3rd quarter. Hilton Capital Management LLC now owns 152,643 shares of the company’s stock worth $1,433,000 after buying an additional 23,567 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Canaccord Genuity Group dropped their price target on Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group lowered their target price on Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Stifel Nicolaus lowered their target price on Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their target price on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Morgan Stanley lowered their target price on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. One investment analyst has 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.89.

Coty Stock Performance

Shares of COTY stock opened at $5.54 on Wednesday. The stock has a fifty day moving average price of $6.36 and a 200 day moving average price of $7.41. The stock has a market cap of $4.83 billion, a PE ratio of -553.50, a P/E/G ratio of 0.81 and a beta of 1.97. Coty Inc. has a 1 year low of $5.35 and a 1 year high of $12.31. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71.

Coty (NYSE:COTY) last issued 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%. Sell-side analysts forecast that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

About Coty

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.