Jump Financial LLC Invests $873,000 in Coty Inc. (NYSE:COTY)

Jump Financial LLC acquired a new stake in Coty Inc. (NYSE:COTY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 125,502 shares of the company's stock, valued at approximately $873,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in COTY. Clearbridge Investments LLC lifted its position in shares of Coty by 0.4% during the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company's stock valued at $68,379,000 after purchasing an additional 37,412 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock valued at $56,354,000 after acquiring an additional 1,646,839 shares in the last quarter. Norges Bank purchased a new stake in shares of Coty during the fourth quarter valued at approximately $44,401,000. Vaughan Nelson Investment Management L.P. lifted its holdings 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 acquiring an additional 287,061 shares during the period. Finally, Amundi boosted its position in 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 purchasing an additional 4,478,906 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Price Performance

COTY stock traded down $0.07 during mid-day trading on Friday, hitting $4.97. 5,509,711 shares of the stock were exchanged, compared to its average volume of 5,297,353. The business has a fifty day moving average price of $5.37 and a 200 day moving average price of $6.61. Coty Inc. has a 12 month low of $4.56 and a 12 month high of $11.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of -497.00, a PEG ratio of 0.81 and a beta of 1.75.

Coty (NYSE:COTY - Get Free Report) last released 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 return on equity of 6.34% and a net margin of 0.22%. On average, sell-side analysts anticipate that Coty Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Bank of America cut Coty from a "buy" rating to an "underperform" rating and lowered their target price for the stock from $9.00 to $4.50 in a research note on Tuesday, April 15th. BNP Paribas downgraded Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price objective on the stock. in a research note on Friday, April 11th. The Goldman Sachs Group lowered their target price on Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective on Coty from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $13.00 price objective on shares of Coty in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Coty currently has a consensus rating of "Hold" and an average price target of $8.24.

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.