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

Magnetar Financial LLC lifted its holdings in Coty Inc. (NYSE:COTY - Free Report) by 233.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,506 shares of the company's stock after acquiring an additional 54,273 shares during the period. Magnetar Financial LLC's holdings in Coty were worth $539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COTY. Xponance Inc. boosted its stake in Coty by 8.4% during the fourth quarter. Xponance Inc. now owns 43,345 shares of the company's stock worth $302,000 after buying an additional 3,371 shares during the period. Intech Investment Management LLC boosted its stake in shares of Coty by 33.1% during the 4th quarter. Intech Investment Management LLC now owns 37,481 shares of the company's stock worth $261,000 after purchasing an additional 9,322 shares during the period. Thrivent Financial for Lutherans grew its holdings in Coty by 25.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock valued at $56,354,000 after purchasing an additional 1,646,839 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Coty in the 4th quarter worth about $292,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Coty by 16.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock worth $94,000 after purchasing an additional 1,893 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company's stock.

Coty Stock Down 0.6 %

Shares of Coty stock traded down $0.04 on Wednesday, reaching $5.45. The stock had a trading volume of 6,978,737 shares, compared to its average volume of 4,787,869. Coty Inc. has a 1 year low of $5.35 and a 1 year high of $11.99. The company has a 50 day moving average price of $6.24 and a 200 day moving average price of $7.28. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $4.75 billion, a P/E ratio of -544.50, a P/E/G ratio of 0.81 and a beta of 1.97.

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Coty (NYSE:COTY - Get Free Report) last released 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 return on equity of 6.34% and a net margin of 0.22%. As a group, equities research analysts forecast that Coty Inc. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on COTY. Evercore ISI cut their target price on Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Citigroup raised Coty from a "neutral" rating to a "buy" rating and upped their price objective for the company from $7.00 to $8.00 in a research report on Thursday, March 20th. Barclays decreased their target price on Coty from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Friday, January 17th. Royal Bank of Canada restated an "outperform" rating and issued a $13.00 price target on shares of Coty in a report on Wednesday, February 12th. Finally, Stifel Nicolaus reduced their price target on shares of Coty from $8.50 to $8.00 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.66.

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.