Trexquant Investment LP Buys 976,370 Shares of Coty Inc. (NYSE:COTY)

Trexquant Investment LP increased its stake in shares of Coty Inc. (NYSE:COTY - Free Report) by 224.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,410,537 shares of the company's stock after buying an additional 976,370 shares during the period. Trexquant Investment LP owned 0.16% of Coty worth $9,817,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Coty by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,901,380 shares of the company's stock valued at $27,244,000 after purchasing an additional 14,075 shares during the last quarter. Centiva Capital LP acquired a new stake in Coty during the 3rd quarter worth $1,182,000. Holocene Advisors LP acquired a new stake in shares of Coty in the 3rd quarter valued at approximately $1,780,000. Point72 DIFC Ltd acquired a new position in shares of Coty during the third quarter worth about $622,000. Finally, Redwood Investment Management LLC grew its holdings in shares of Coty by 4.1% during the third quarter. Redwood Investment Management LLC now owns 145,294 shares of the company's stock worth $1,382,000 after buying an additional 5,682 shares in the last quarter. Institutional investors own 42.36% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on COTY. Berenberg Bank began coverage on shares of Coty in a research note on Tuesday, March 25th. They issued a "buy" rating and a $7.50 price target on the stock. Barclays dropped their target price on shares of Coty from $6.00 to $5.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Evercore ISI reduced their price target on Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Canaccord Genuity Group lowered their price target on Coty from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price objective on Coty from $7.00 to $6.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.55.

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Coty Price Performance

Coty stock traded down $0.22 during trading hours on Monday, reaching $4.83. 5,179,466 shares of the stock were exchanged, compared to its average volume of 5,045,638. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. Coty Inc. has a twelve month low of $4.72 and a twelve month high of $11.81. The company has a market cap of $4.21 billion, a P/E ratio of -479.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The stock has a 50 day moving average of $5.95 and a two-hundred day moving average of $7.07.

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 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%. Equities analysts expect that Coty Inc. will post 0.39 EPS for the current fiscal year.

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.