47,063 Shares in Coty Inc. (NYSE:COTY) Acquired by AlphaQuest LLC

AlphaQuest LLC bought a new position in shares of Coty Inc. (NYSE:COTY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 47,063 shares of the company's stock, valued at approximately $328,000.

Other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its holdings in Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after buying an additional 3,186 shares during the last quarter. Allworth Financial LP lifted its position in shares of Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock worth $42,000 after buying an additional 3,328 shares during the last quarter. Blue Trust Inc. grew its position in shares of Coty by 124.8% during the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after buying an additional 3,877 shares during the last quarter. R Squared Ltd bought a new position in Coty in the fourth quarter worth about $54,000. Finally, US Bancorp DE boosted its stake in Coty by 116.0% in the fourth quarter. US Bancorp DE now owns 9,473 shares of the company's stock valued at $66,000 after acquiring an additional 5,088 shares during the period. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Price Performance

Shares of COTY traded down $0.10 during mid-day trading on Tuesday, hitting $5.54. The company's stock had a trading volume of 4,369,568 shares, compared to its average volume of 4,710,757. Coty Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $12.53. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of -553.50, a PEG ratio of 0.81 and a beta of 1.97. The firm has a 50-day moving average price of $6.39 and a 200 day moving average price of $7.44. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45.

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Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings results 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 net margin of 0.22% and a return on equity of 6.34%. On average, research analysts predict that Coty Inc. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Stifel Nicolaus dropped their price target on Coty from $8.50 to $8.00 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company cut 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. DA Davidson reissued a "buy" rating and set a $12.50 price target on shares of Coty in a report on Thursday, February 6th. Piper Sandler dropped their price objective on shares of Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Finally, The Goldman Sachs Group reduced their target price on shares of Coty from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Coty presently has an average rating of "Moderate Buy" and a consensus target price of $9.89.

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.