Coty Inc. (NYSE:COTY) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Coty Inc. (NYSE:COTY - Free Report) by 8.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,059,012 shares of the company's stock after selling 99,839 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Coty worth $9,944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of COTY. Blue Trust Inc. increased its stake in Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock worth $31,000 after purchasing an additional 2,385 shares during the period. WealthShield Partners LLC bought a new position in shares of Coty during the 2nd quarter worth $100,000. Fifth Third Wealth Advisors LLC bought a new position in shares of Coty during the 2nd quarter worth $107,000. Envestnet Portfolio Solutions Inc. grew its position in shares of Coty by 9.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company's stock worth $124,000 after buying an additional 1,104 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Coty by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company's stock worth $148,000 after buying an additional 1,414 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company's stock.

Coty Stock Up 1.8 %

NYSE COTY traded up $0.13 during trading on Monday, hitting $7.75. The company's stock had a trading volume of 6,400,689 shares, compared to its average volume of 4,268,610. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The company has a market cap of $6.74 billion, a PE ratio of 45.56, a P/E/G ratio of 0.75 and a beta of 1.89. The business's 50 day simple moving average is $7.82 and its 200-day simple moving average is $9.03. Coty Inc. has a fifty-two week low of $6.93 and a fifty-two week high of $13.30.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on COTY shares. Jefferies Financial Group dropped their price target on Coty from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. Wells Fargo & Company dropped their price target on Coty from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. Canaccord Genuity Group reissued a "buy" rating and set a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. Evercore ISI reissued an "outperform" rating and set a $15.00 price target on shares of Coty in a research report on Wednesday, August 21st. Finally, Raymond James dropped their price objective on Coty from $13.00 to $11.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.56.

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.