Coty Inc. (NYSE:COTY) Stock Position Raised by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in shares of Coty Inc. (NYSE:COTY - Free Report) by 85.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,133,760 shares of the company's stock after acquiring an additional 523,830 shares during the quarter. Renaissance Technologies LLC owned 0.13% of Coty worth $7,891,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Coty by 16.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock worth $6,981,000 after purchasing an additional 107,014 shares during the last quarter. Barclays PLC raised its holdings in Coty by 147.1% in the third 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. Amundi raised its holdings in Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company's stock valued at $30,503,000 after acquiring an additional 4,478,906 shares in the last quarter. TCW Group Inc. boosted its stake in Coty by 44.1% during the 4th quarter. TCW Group Inc. now owns 304,797 shares of the company's stock valued at $2,121,000 after acquiring an additional 93,229 shares during the last quarter. Finally, Entropy Technologies LP grew its holdings in Coty by 137.4% during the 4th quarter. Entropy Technologies LP now owns 104,349 shares of the company's stock worth $726,000 after acquiring an additional 60,400 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Trading Up 4.4 %

Shares of NYSE:COTY traded up $0.21 during mid-day trading on Wednesday, hitting $5.03. The stock had a trading volume of 1,846,412 shares, compared to its average volume of 5,246,671. The company's 50 day moving average is $5.41 and its 200-day moving average is $6.68. Coty Inc. has a 12-month low of $4.56 and a 12-month high of $11.81. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The company has a market cap of $4.39 billion, a PE ratio of -503.00, a P/E/G ratio of 0.81 and a beta of 1.75.

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 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%. On average, sell-side analysts predict that Coty Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

COTY has been the topic of several research analyst reports. DA Davidson reaffirmed a "buy" rating and set a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. The Goldman Sachs Group lowered their price target on Coty from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Stifel Nicolaus reduced their price objective on Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Bank of America lowered shares of Coty from a "buy" rating to an "underperform" rating and lowered their target price for the company from $9.00 to $4.50 in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $13.00 price target on shares of Coty in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Coty has a consensus rating of "Hold" and an average price target of $8.24.

About Coty

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.