XTX Topco Ltd Boosts Stake in Coty Inc. (NYSE:COTY)

XTX Topco Ltd boosted its holdings in shares of Coty Inc. (NYSE:COTY - Free Report) by 211.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,810 shares of the company's stock after purchasing an additional 75,247 shares during the quarter. XTX Topco Ltd's holdings in Coty were worth $1,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COTY. Blue Trust Inc. raised its stake in Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock valued at $31,000 after purchasing an additional 2,385 shares during the period. WealthShield Partners LLC bought a new stake in Coty during the 2nd quarter valued at approximately $100,000. Fifth Third Wealth Advisors LLC bought a new stake in Coty in the 2nd quarter worth approximately $107,000. Capstone Investment Advisors LLC bought a new stake in Coty in the 3rd quarter worth approximately $109,000. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company's stock worth $124,000 after acquiring an additional 1,104 shares during the last quarter. Institutional investors own 42.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COTY. DA Davidson reduced their price objective on Coty from $14.50 to $12.50 and set a "buy" rating on the stock in a research note on Monday, November 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $14.00 price objective on shares of Coty in a research note on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price objective on Coty from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on Coty from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $15.00 price objective on shares of Coty in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Coty presently has a consensus rating of "Moderate Buy" and an average price target of $11.56.

Coty Stock Performance

Coty stock remained flat at $7.75 during mid-day trading on Tuesday. The company's stock had a trading volume of 5,445,233 shares, compared to its average volume of 4,273,557. The company has a 50 day simple moving average of $7.79 and a 200 day simple moving average of $9.01. The company has a market capitalization of $6.74 billion, a PE ratio of 45.59, a PEG ratio of 0.75 and a beta of 1.89. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. Coty Inc. has a 12 month low of $6.93 and a 12 month high of $13.30.

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