Coty Inc. (NYSE:COTY) Shares Purchased by Magnetar Financial LLC

Magnetar Financial LLC increased its holdings in shares of Coty Inc. (NYSE:COTY) by 233.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,506 shares of the company’s stock after purchasing an additional 54,273 shares during the quarter. Magnetar Financial LLC’s holdings in Coty were worth $539,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp increased its position in Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after purchasing an additional 251,964 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Coty by 25.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock worth $56,354,000 after purchasing an additional 1,646,839 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Coty by 5.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock worth $41,270,000 after purchasing an additional 287,061 shares in the last quarter. Amundi increased its position in Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after purchasing an additional 4,478,906 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Coty by 17.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company’s stock worth $21,815,000 after purchasing an additional 466,772 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on COTY shares. DA Davidson reaffirmed a “buy” rating and issued a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. Stifel Nicolaus lowered their price objective on shares of Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. 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. Citigroup raised shares of Coty from a “neutral” rating to a “buy” rating and increased their price objective for the company from $7.00 to $8.00 in a research report on Thursday. Finally, Evercore ISI lowered 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.78.

Coty Stock Performance

Coty stock opened at $5.56 on Friday. The company has a market cap of $4.84 billion, a PE ratio of -555.50, a P/E/G ratio of 0.81 and a beta of 1.97. The company has a fifty day moving average price of $6.29 and a two-hundred day moving average price of $7.36. 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 12 month low of $5.35 and a 12 month high of $11.99.

Coty (NYSE:COTY) last released its quarterly earnings data 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 return on equity of 6.34% and a net margin of 0.22%. Research analysts expect that Coty Inc. will post 0.39 earnings per share for the current 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.