Coty Inc. (NYSE:COTY) Stake Boosted by Sea Cliff Partners Management LP

Sea Cliff Partners Management LP raised its holdings in shares of Coty Inc. (NYSE:COTY) by 19.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,905,148 shares of the company’s stock after acquiring an additional 470,852 shares during the quarter. Coty makes up 10.0% of Sea Cliff Partners Management LP’s investment portfolio, making the stock its 5th largest holding. Sea Cliff Partners Management LP owned 0.33% of Coty worth $29,110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. M&G Plc lifted its holdings in Coty by 41.4% in the 2nd quarter. M&G Plc now owns 509,694 shares of the company’s stock worth $5,097,000 after purchasing an additional 149,351 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Coty by 733.0% in the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after purchasing an additional 1,671,897 shares in the last quarter. Ranger Investment Management L.P. boosted its holdings in Coty by 0.5% in the fourth quarter. Ranger Investment Management L.P. now owns 1,623,182 shares of the company’s stock valued at $20,160,000 after acquiring an additional 7,910 shares during the last quarter. FIL Ltd boosted its holdings in Coty by 10.6% in the fourth quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock valued at $178,171,000 after acquiring an additional 1,375,857 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in Coty in the fourth quarter valued at about $1,533,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

COTY has been the topic of several recent research reports. Bank of America decreased their price target on Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company dropped their target price on Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 target price on shares of Coty in a research report on Friday, September 13th. Barclays lowered their price target on Coty from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Finally, Stifel Nicolaus lowered their price target on Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Coty currently has a consensus rating of “Moderate Buy” and an average price target of $12.85.

Coty Trading Up 5.0 %

COTY opened at $9.48 on Friday. Coty Inc. has a fifty-two week low of $8.66 and a fifty-two week high of $13.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.46. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 0.69 and a beta of 1.89. The company’s 50 day moving average price is $9.42 and its two-hundred day moving average price is $10.33.

Coty (NYSE:COTY) last released its earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Coty had a net margin of 1.46% and a return on equity of 8.05%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm earned $0.01 EPS. The firm’s revenue was up .9% on a year-over-year basis. As a group, research analysts predict that Coty Inc. will post 0.56 earnings per share for the current year.

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.