Y Intercept Hong Kong Ltd Acquires Shares of 64,600 Coty Inc. (NYSE:COTY)

Y Intercept Hong Kong Ltd purchased a new position in shares of Coty Inc. (NYSE:COTY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 64,600 shares of the company's stock, valued at approximately $450,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Atlantic Family Wealth LLC bought a new stake in Coty during the fourth quarter worth about $138,000. TCW Group Inc. increased its stake in shares of Coty by 44.1% in the fourth quarter. TCW Group Inc. now owns 304,797 shares of the company's stock valued at $2,121,000 after buying an additional 93,229 shares in the last quarter. Truist Financial Corp bought a new position in shares of Coty in the fourth quarter worth about $71,000. State of New Jersey Common Pension Fund D raised its position in Coty by 44.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 296,074 shares of the company's stock worth $2,061,000 after purchasing an additional 90,735 shares during the last quarter. Finally, Allworth Financial LP increased its position in Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company's stock worth $42,000 after purchasing an additional 3,328 shares during the period. Institutional investors own 42.36% of the company's stock.

Coty Stock Performance

COTY stock traded down $0.03 during midday trading on Thursday, reaching $5.68. 1,565,911 shares of the company were exchanged, compared to its average volume of 4,600,064. Coty Inc. has a one year low of $5.35 and a one year high of $12.99. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of -566.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.89. The business has a 50-day moving average price of $6.59 and a two-hundred day moving average price of $7.68. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45.

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Coty (NYSE:COTY - Get Free Report) last posted 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 net margin of 0.22% and a return on equity of 6.34%. Equities research analysts forecast that Coty Inc. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Raymond James dropped their target price on shares of Coty from $13.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Morgan Stanley reduced their price target on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Evercore ISI decreased their price target on shares of Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. 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. Finally, TD Cowen downgraded Coty from a "buy" rating to a "hold" rating and dropped their price target for the company from $11.00 to $8.50 in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.89.

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.