Dark Forest Capital Management LP Has $414,000 Stock Position in Coty Inc. (NYSE:COTY)

Dark Forest Capital Management LP boosted its position in Coty Inc. (NYSE:COTY) by 139.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,342 shares of the company’s stock after buying an additional 24,099 shares during the quarter. Dark Forest Capital Management LP’s holdings in Coty were worth $414,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC lifted its holdings in shares of Coty by 1,448.8% during the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after buying an additional 4,810 shares during the last quarter. WealthShield Partners LLC acquired a new stake in Coty in the 2nd quarter worth $100,000. Fifth Third Wealth Advisors LLC bought a new position in shares of Coty during the 2nd quarter worth about $107,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Coty by 9.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after buying an additional 1,104 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its stake in shares of Coty by 260.4% in the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after buying an additional 8,419 shares during the period. Institutional investors own 42.36% of the company’s stock.

Coty Stock Performance

COTY stock opened at $9.51 on Friday. The company has a 50 day moving average price of $9.41 and a 200 day moving average price of $10.30. 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 stock has a market capitalization of $8.25 billion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89.

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). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 earnings per share. Analysts forecast that Coty Inc. will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on COTY shares. Citigroup cut their price target on Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Stifel Nicolaus lowered their price target on shares of Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Wells Fargo & Company dropped their price objective on shares of Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Piper Sandler decreased their target price on shares of Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 price target on shares of Coty in a research report on Friday, September 13th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Coty presently has a consensus rating of “Moderate Buy” and an average price target of $12.85.

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.