Guggenheim Capital LLC Sells 9,456 Shares of Coty Inc. (NYSE:COTY)

Guggenheim Capital LLC trimmed its stake in Coty Inc. (NYSE:COTY) by 41.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,534 shares of the company’s stock after selling 9,456 shares during the quarter. Guggenheim Capital LLC’s holdings in Coty were worth $94,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Clearbridge Investments LLC lifted its holdings in shares of Coty by 0.4% during the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock valued at $68,379,000 after purchasing an additional 37,412 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Coty by 25.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after purchasing an additional 1,646,839 shares in the last quarter. Norges Bank bought a new position in shares of Coty during the fourth quarter valued at $44,401,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Coty by 5.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock valued at $41,270,000 after purchasing an additional 287,061 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Coty by 1,990,624.9% during the fourth quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after purchasing an additional 4,478,906 shares in the last quarter. 42.36% of the stock is owned by institutional investors.

Coty Trading Up 0.6 %

COTY stock opened at $5.01 on Wednesday. The firm has a fifty day moving average price of $5.35 and a 200 day moving average price of $6.54. Coty Inc. has a fifty-two week low of $4.56 and a fifty-two week high of $11.77. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The firm has a market cap of $4.37 billion, a PE ratio of -501.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75.

Coty (NYSE:COTY) last posted its earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Sell-side analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COTY. BNP Paribas downgraded Coty from an “outperform” rating to a “neutral” rating and set a $5.65 price target on the stock. in a report on Friday, April 11th. Citigroup upgraded shares of Coty from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.00 to $8.00 in a research note on Thursday, March 20th. Piper Sandler lowered their price objective on shares of Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Bank of America cut shares of Coty from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $9.00 to $4.50 in a research note on Tuesday, April 15th. Finally, DA Davidson reiterated a “buy” rating and issued a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.24.

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.