Hsbc Holdings PLC trimmed its holdings in shares of Coty Inc. (NYSE:COTY – Get Rating) by 31.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,572 shares of the company’s stock after selling 11,117 shares during the quarter. Hsbc Holdings PLC’s holdings in Coty were worth $158,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cipher Capital LP grew its stake in shares of Coty by 30.8% in the 3rd quarter. Cipher Capital LP now owns 14,690 shares of the company’s stock worth $93,000 after buying an additional 3,462 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Coty by 8.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 112,794 shares of the company’s stock worth $713,000 after acquiring an additional 9,114 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in shares of Coty by 111.8% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 138,605 shares of the company’s stock valued at $876,000 after acquiring an additional 73,173 shares during the last quarter. ExodusPoint Capital Management LP boosted its position in shares of Coty by 239.3% during the 3rd quarter. ExodusPoint Capital Management LP now owns 162,057 shares of the company’s stock valued at $1,024,000 after acquiring an additional 114,290 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Coty by 4.9% in the third quarter. Dimensional Fund Advisors LP now owns 9,475,233 shares of the company’s stock worth $59,888,000 after buying an additional 440,975 shares during the last quarter. 37.10% of the stock is currently owned by hedge funds and other institutional investors.
Coty Stock Performance
NYSE COTY opened at $10.72 on Friday. The stock’s fifty day moving average is $10.30 and its two-hundred day moving average is $8.42. The firm has a market capitalization of $9.14 billion, a P/E ratio of 76.57, a price-to-earnings-growth ratio of 2.08 and a beta of 1.86. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.41 and a current ratio of 0.65. Coty Inc. has a fifty-two week low of $5.90 and a fifty-two week high of $11.65.
Analysts Set New Price Targets
COTY has been the topic of several research reports. Piper Sandler raised their price target on Coty from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. Citigroup started coverage on Coty in a research note on Thursday, February 16th. They issued a “neutral” rating and a $15.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 target price on shares of Coty in a research note on Thursday, February 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Coty from $11.00 to $12.00 in a research note on Thursday, February 9th. Finally, Barclays raised their price target on Coty to $8.00 in a report on Tuesday, November 15th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.84.
Coty Company Profile
Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focus on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.
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