Ensign Peak Advisors Inc cut its position in Coty Inc. (NYSE:COTY – Get Rating) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,130 shares of the company’s stock after selling 9,140 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Coty were worth $664,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. grew its stake in shares of Coty by 323.8% in the second quarter. Meeder Asset Management Inc. now owns 6,968 shares of the company’s stock valued at $56,000 after buying an additional 5,324 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Coty by 126.2% in the first quarter. Captrust Financial Advisors now owns 8,400 shares of the company’s stock valued at $76,000 after buying an additional 4,686 shares in the last quarter. Black Swift Group LLC bought a new position in shares of Coty in the third quarter valued at $63,000. Lazard Asset Management LLC grew its stake in shares of Coty by 335.5% in the third quarter. Lazard Asset Management LLC now owns 10,840 shares of the company’s stock valued at $68,000 after buying an additional 8,351 shares in the last quarter. Finally, Greenleaf Trust bought a new position in Coty during the second quarter worth $89,000. 37.10% of the stock is owned by institutional investors.
Coty Stock Down 0.1 %
COTY stock opened at $10.71 on Tuesday. The company has a market cap of $9.13 billion, a PE ratio of 76.50, a price-to-earnings-growth ratio of 2.02 and a beta of 1.86. The business has a 50-day simple moving average of $10.34 and a 200 day simple moving average of $8.44. Coty Inc. has a 52 week low of $5.90 and a 52 week high of $11.65. The company has a quick ratio of 0.41, a current ratio of 0.65 and a debt-to-equity ratio of 1.08.
Wall Street Analysts Forecast Growth
COTY has been the subject of a number of research analyst reports. Raymond James lifted their price objective on shares of Coty from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Wells Fargo & Company lifted their price objective on shares of Coty from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price objective on shares of Coty in a research report on Thursday, February 9th. DA Davidson reissued a “buy” rating and issued a $13.00 target price on shares of Coty in a research report on Wednesday, February 22nd. Finally, Barclays boosted their target price on shares of Coty to $8.00 in a research report on Tuesday, November 15th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Coty has an average rating of “Moderate Buy” and an average target price of $11.84.
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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