HighTower Advisors LLC Sells 474,962 Shares of Coty Inc. (NYSE:COTY)

HighTower Advisors LLC lowered its position in Coty Inc. (NYSE:COTY - Free Report) by 94.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,321 shares of the company's stock after selling 474,962 shares during the period. HighTower Advisors LLC's holdings in Coty were worth $197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COTY. Amundi lifted its position in shares of Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company's stock worth $30,503,000 after buying an additional 4,478,906 shares during the last quarter. Barclays PLC raised its stake in shares of Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock valued at $10,947,000 after acquiring an additional 693,961 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Coty by 17.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company's stock worth $21,815,000 after purchasing an additional 466,772 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Coty in the 4th quarter worth approximately $3,030,000. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Coty by 5.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company's stock worth $41,270,000 after purchasing an additional 287,061 shares during the period. Institutional investors own 42.36% of the company's stock.

Coty Stock Performance

Coty stock traded down $0.22 on Tuesday, hitting $4.68. The company's stock had a trading volume of 10,822,703 shares, compared to its average volume of 5,110,213. Coty Inc. has a one year low of $4.61 and a one year high of $11.81. The firm has a market cap of $4.08 billion, a P/E ratio of -468.40, a price-to-earnings-growth 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. The company has a fifty day moving average price of $5.79 and a 200-day moving average price of $6.99.

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Coty (NYSE:COTY - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. On average, equities analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on COTY. Barclays dropped their price target on shares of Coty from $6.00 to $5.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Citigroup upgraded shares of Coty from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $7.00 to $8.00 in a report on Thursday, March 20th. Morgan Stanley decreased their price target on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group lowered their price target on Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Finally, DA Davidson reissued a "buy" rating and set a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Coty currently has a consensus rating of "Moderate Buy" and an average target price of $9.55.

Coty Company 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.