Private Advisor Group LLC Sells 33,430 Shares of Coty Inc. (NYSE:COTY)

Private Advisor Group LLC lessened its holdings in Coty Inc. (NYSE:COTY) by 28.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,166 shares of the company’s stock after selling 33,430 shares during the quarter. Private Advisor Group LLC’s holdings in Coty were worth $809,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Banco Santander S.A. raised its position in shares of Coty by 0.3% in the 2nd quarter. Banco Santander S.A. now owns 23,033,578 shares of the company’s stock valued at $230,796,000 after acquiring an additional 80,000 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Coty by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after acquiring an additional 890,626 shares during the period. Point72 Asset Management L.P. raised its position in shares of Coty by 789.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after acquiring an additional 4,954,362 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Coty by 24.6% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,955,557 shares of the company’s stock valued at $39,634,000 after acquiring an additional 780,685 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Coty by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,071,969 shares of the company’s stock valued at $30,781,000 after acquiring an additional 79,627 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COTY has been the topic of several research analyst reports. DA Davidson dropped their target price on shares of Coty from $17.00 to $14.50 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Jefferies Financial Group reduced their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Citigroup dropped their target price on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. JPMorgan Chase & Co. dropped their target price on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.15.

Coty Price Performance

Shares of Coty stock opened at $7.48 on Friday. 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 business’s 50 day simple moving average is $8.78 and its two-hundred day simple moving average is $9.72. The stock has a market capitalization of $6.49 billion, a P/E ratio of 93.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.89. Coty Inc. has a one year low of $7.34 and a one year high of $13.30.

Coty (NYSE:COTY) last released its quarterly earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). Coty had a net margin of 1.46% and a return on equity of 8.05%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts forecast that Coty Inc. will post 0.55 EPS 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.