Mutual of America Capital Management LLC Has $2.87 Million Stake in Coty Inc. (NYSE:COTY)

Mutual of America Capital Management LLC trimmed its position in shares of Coty Inc. (NYSE:COTY) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 231,116 shares of the company’s stock after selling 1,602 shares during the period. Mutual of America Capital Management LLC’s holdings in Coty were worth $2,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its holdings in Coty by 248.1% during the fourth quarter. Geneos Wealth Management Inc. now owns 47,698 shares of the company’s stock worth $592,000 after buying an additional 33,997 shares during the last quarter. Graphene Investments SAS increased its holdings in shares of Coty by 9.0% in the fourth quarter. Graphene Investments SAS now owns 245,900 shares of the company’s stock valued at $3,054,000 after purchasing an additional 20,400 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Coty by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,779,642 shares of the company’s stock valued at $22,103,000 after purchasing an additional 72,270 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Coty by 17,661.6% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 502,831 shares of the company’s stock valued at $6,196,000 after purchasing an additional 500,000 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Coty by 2.6% in the fourth quarter. Arizona State Retirement System now owns 112,082 shares of the company’s stock valued at $1,392,000 after purchasing an additional 2,814 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert S. Singer sold 90,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $12.56, for a total value of $1,130,400.00. Following the completion of the transaction, the director now owns 169,982 shares of the company’s stock, valued at $2,134,973.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Robert S. Singer sold 30,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the completion of the transaction, the director now owns 120,000 shares of the company’s stock, valued at $1,524,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert S. Singer sold 90,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the completion of the transaction, the director now directly owns 169,982 shares of the company’s stock, valued at approximately $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by company insiders.

Coty Trading Up 4.0 %

COTY opened at $11.05 on Friday. Coty Inc. has a twelve month low of $9.02 and a twelve month high of $13.46. The company has a 50-day simple moving average of $11.95 and a 200 day simple moving average of $11.47. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 5.98 and a beta of 1.82.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. Coty had a net margin of 5.39% and a return on equity of 11.91%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the business posted $0.22 earnings per share. Coty’s revenue was up 13.4% compared to the same quarter last year. Analysts predict that Coty Inc. will post 0.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on COTY. TD Cowen decreased their price objective on shares of Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $14.00 price objective on shares of Coty in a report on Friday, February 9th. Citigroup decreased their price objective on shares of Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday. DA Davidson reiterated a “buy” rating and issued a $17.50 price objective on shares of Coty in a report on Monday, April 8th. Finally, Canaccord Genuity Group started coverage on shares of Coty in a research note on Monday. They issued a “buy” rating and a $14.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Coty has a consensus rating of “Hold” and a consensus price target of $13.19.

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.