Universal Beteiligungs und Servicegesellschaft mbH Invests $226,000 in Coty (NYSE:COTY)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Coty (NYSE:COTY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 41,299 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors also recently modified their holdings of the business. Janney Montgomery Scott LLC grew its stake in Coty by 270.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 142,219 shares of the company’s stock valued at $778,000 after buying an additional 103,828 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Coty in the fourth quarter valued at $873,000. Compass Wealth Management LLC grew its position in shares of Coty by 33.2% in the first quarter. Compass Wealth Management LLC now owns 623,325 shares of the company’s stock valued at $3,410,000 after purchasing an additional 155,450 shares in the last quarter. Graphene Investments SAS raised its stake in shares of Coty by 36.0% during the 1st quarter. Graphene Investments SAS now owns 518,300 shares of the company’s stock valued at $2,835,000 after purchasing an additional 137,100 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in Coty by 490.7% during the 4th quarter. Two Sigma Investments LP now owns 827,903 shares of the company’s stock worth $5,762,000 after purchasing an additional 687,756 shares in the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on COTY. Canaccord Genuity Group reaffirmed a “hold” rating and set a $5.00 target price (down previously from $8.00) on shares of Coty in a report on Thursday, May 8th. Bank of America cut shares of Coty from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $9.00 to $4.50 in a research note on Tuesday, April 15th. Raymond James Financial cut shares of Coty from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 17th. Barclays cut their price target on shares of Coty from $5.00 to $4.50 and set an “underweight” rating for the company in a report on Friday, April 11th. Finally, Stifel Nicolaus decreased their price target on shares of Coty from $8.00 to $6.50 and set a “hold” rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Coty currently has an average rating of “Hold” and an average price target of $7.80.

Coty Price Performance

COTY stock opened at $4.76 on Tuesday. The firm has a market cap of $4.15 billion, a P/E ratio of -9.91, a P/E/G ratio of 0.64 and a beta of 2.00. The firm’s fifty day moving average is $4.92 and its 200 day moving average is $5.37. Coty has a 52 week low of $4.46 and a 52 week high of $10.30. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.51 and a current ratio of 0.82.

Coty (NYSE:COTY) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Coty had a negative net margin of 6.60% and a positive return on equity of 5.61%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 earnings per share. Research analysts predict that Coty will post 0.39 earnings per share for the current year.

Coty 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.