ExodusPoint Capital Management LP Lowers Position in Coty Inc. (NYSE:COTY)

ExodusPoint Capital Management LP decreased its holdings in Coty Inc. (NYSE:COTY - Free Report) by 52.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,174 shares of the company's stock after selling 119,139 shares during the period. ExodusPoint Capital Management LP's holdings in Coty were worth $746,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in COTY. Trexquant Investment LP grew its position in shares of Coty by 224.9% during the fourth quarter. Trexquant Investment LP now owns 1,410,537 shares of the company's stock valued at $9,817,000 after purchasing an additional 976,370 shares in the last quarter. National Bank of Canada FI boosted its stake in Coty by 13,101.7% during the fourth quarter. National Bank of Canada FI now owns 214,000 shares of the company's stock valued at $1,489,000 after buying an additional 212,379 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its holdings in Coty by 11.7% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 3,522,401 shares of the company's stock valued at $24,447,000 after buying an additional 370,000 shares in the last quarter. Clearbridge Investments LLC increased its stake in Coty by 0.4% in the 4th quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company's stock worth $68,379,000 after acquiring an additional 37,412 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Coty during the 4th quarter worth approximately $144,000. Hedge funds and other institutional investors own 42.36% of the company's stock.

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Coty Trading Down 8.4 %

COTY stock traded down $0.44 during trading on Tuesday, hitting $4.76. The company had a trading volume of 16,153,361 shares, compared to its average volume of 5,243,739. Coty Inc. has a 52-week low of $4.61 and a 52-week high of $11.81. The company has a 50 day simple moving average of $5.60 and a 200-day simple moving average of $6.85. The firm has a market capitalization of $4.15 billion, a P/E ratio of -475.50, a PEG ratio of 0.81 and a beta of 1.75. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY - Get Free Report) last issued its earnings results 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%. As a group, research analysts forecast that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on COTY shares. Stifel Nicolaus cut their target price on shares of Coty from $8.00 to $6.50 and set a "hold" rating for the company in a report on Thursday, April 10th. Berenberg Bank assumed coverage on shares of Coty in a research note on Tuesday, March 25th. They issued a "buy" rating and a $7.50 price objective for the company. Canaccord Genuity Group decreased their target price on shares of Coty from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target on Coty from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Bank of America cut Coty from a "buy" rating to an "underperform" rating and reduced their price objective for the stock from $9.00 to $4.50 in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $8.58.

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.