SG Americas Securities LLC Reduces Holdings in Coty Inc. (NYSE:COTY)

SG Americas Securities LLC decreased its holdings in Coty Inc. (NYSE:COTY - Free Report) by 94.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,444 shares of the company's stock after selling 1,746,884 shares during the quarter. SG Americas Securities LLC's holdings in Coty were worth $699,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. American Century Companies Inc. increased its stake in shares of Coty by 10.6% in the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company's stock valued at $148,000 after acquiring an additional 1,414 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Coty by 27.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 331,404 shares of the company's stock valued at $3,321,000 after buying an additional 71,534 shares during the period. Hsbc Holdings PLC raised its stake in Coty by 340.5% during the 2nd quarter. Hsbc Holdings PLC now owns 46,496 shares of the company's stock worth $463,000 after buying an additional 35,941 shares during the period. AQR Capital Management LLC lifted its holdings in Coty by 11.3% during the second quarter. AQR Capital Management LLC now owns 528,626 shares of the company's stock worth $5,199,000 after acquiring an additional 53,633 shares in the last quarter. Finally, Algert Global LLC bought a new stake in shares of Coty in the second quarter worth about $407,000. Institutional investors and hedge funds own 42.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COTY. TD Cowen lowered shares of Coty from a "buy" rating to a "hold" rating and reduced their target price for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th. Raymond James cut their target price on Coty from $13.00 to $11.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group decreased their price objective on Coty from $12.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. Canaccord Genuity Group reissued a "buy" rating and issued a $14.00 target price on shares of Coty in a research note on Tuesday, October 15th. Finally, DA Davidson reaffirmed a "buy" rating and set a $12.50 price target on shares of Coty in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $11.24.

Coty Price Performance

Shares of NYSE COTY traded up $0.24 during trading hours on Thursday, reaching $7.50. 4,650,279 shares of the stock traded hands, compared to its average volume of 5,292,562. The company has a market capitalization of $6.52 billion, a P/E ratio of 44.09, a price-to-earnings-growth ratio of 0.74 and a beta of 1.89. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. Coty Inc. has a 52-week low of $6.59 and a 52-week high of $13.30. The company's 50-day simple moving average is $7.22 and its two-hundred day simple moving average is $8.29.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. Equities research analysts forecast that Coty Inc. will post 0.51 EPS for the current year.

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.