Centiva Capital LP Buys New Stake in Coty Inc. (NYSE:COTY)

Centiva Capital LP bought a new stake in Coty Inc. (NYSE:COTY - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 125,895 shares of the company's stock, valued at approximately $1,182,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. M&G Plc lifted its holdings in Coty by 41.4% during the 2nd quarter. M&G Plc now owns 509,694 shares of the company's stock worth $5,097,000 after buying an additional 149,351 shares during the last quarter. Shikiar Asset Management Inc. boosted its holdings in Coty by 15.2% in the second quarter. Shikiar Asset Management Inc. now owns 306,900 shares of the company's stock valued at $3,075,000 after purchasing an additional 40,500 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company's stock valued at $124,000 after purchasing an additional 1,104 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Coty by 733.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company's stock worth $19,038,000 after purchasing an additional 1,671,897 shares in the last quarter. Finally, TCW Group Inc. lifted its position in shares of Coty by 162.5% during the 2nd quarter. TCW Group Inc. now owns 1,154,324 shares of the company's stock worth $11,566,000 after buying an additional 714,592 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company's stock.

Coty Price Performance

Shares of Coty stock traded down $0.03 during trading on Thursday, reaching $7.64. The company's stock had a trading volume of 3,812,711 shares, compared to its average volume of 4,255,740. The business has a 50 day moving average price of $7.93 and a 200-day moving average price of $9.10. Coty Inc. has a 12-month low of $6.93 and a 12-month high of $13.30. The company has a market capitalization of $6.65 billion, a P/E ratio of 45.12, a price-to-earnings-growth ratio of 0.74 and a beta of 1.89. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY - Get Free Report) last issued its 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 company had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Coty's revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Coty Inc. will post 0.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COTY. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their price objective on Coty from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. Citigroup reduced their target price on Coty from $10.50 to $10.00 and set a "neutral" rating for the company in a report on Monday, October 14th. DA Davidson dropped their price target on Coty from $14.50 to $12.50 and set a "buy" rating on the stock in a research note on Monday, November 11th. Finally, Wells Fargo & Company reduced their price objective on Coty from $10.00 to $9.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.56.

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.