Assenagon Asset Management S.A. Trims Stock Holdings in Coty Inc. (NYSE:COTY)

Assenagon Asset Management S.A. lessened its stake in Coty Inc. (NYSE:COTY - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,640,071 shares of the company's stock after selling 68,719 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.19% of Coty worth $11,415,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. grew its stake in Coty by 10.6% in the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company's stock worth $148,000 after buying an additional 1,414 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Coty by 3.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company's stock worth $397,000 after acquiring an additional 1,545 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock valued at $31,000 after acquiring an additional 2,385 shares during the last quarter. Atria Investments Inc raised its position in Coty by 19.3% during the 3rd quarter. Atria Investments Inc now owns 18,650 shares of the company's stock valued at $175,000 after purchasing an additional 3,022 shares during the last quarter. Finally, Fulton Bank N.A. lifted its stake in Coty by 16.1% in the third quarter. Fulton Bank N.A. now owns 26,214 shares of the company's stock worth $246,000 after acquiring an additional 3,636 shares during the period. Hedge funds and other institutional investors own 42.36% of the company's stock.

Coty Trading Down 0.8 %

Coty stock traded down $0.05 during midday trading on Friday, hitting $7.15. 3,331,987 shares of the stock were exchanged, compared to its average volume of 3,858,877. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 42.04, a PEG ratio of 0.67 and a beta of 1.89. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The stock's 50-day simple moving average is $7.21 and its 200 day simple moving average is $8.43. Coty Inc. has a fifty-two week low of $6.59 and a fifty-two week high of $13.30.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company's quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts anticipate that Coty Inc. will post 0.51 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on COTY. Barclays reduced their target price on Coty from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Friday. JPMorgan Chase & Co. reduced their price target on Coty from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. Royal Bank of Canada reiterated an "outperform" rating and set a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on Coty from $14.00 to $12.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. Finally, TD Cowen downgraded shares of Coty from a "buy" rating to a "hold" rating and dropped their price target for the company from $11.00 to $8.50 in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.24.

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.