Coty $COTY Stake Reduced by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in shares of Coty (NYSE:COTY) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,165 shares of the company’s stock after selling 8,232 shares during the period. Public Employees Retirement System of Ohio’s holdings in Coty were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in COTY. Vanguard Group Inc. boosted its holdings in Coty by 5.8% during the first quarter. Vanguard Group Inc. now owns 37,645,488 shares of the company’s stock worth $205,921,000 after buying an additional 2,055,771 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Coty by 10.5% during the 1st quarter. Ameriprise Financial Inc. now owns 22,346,995 shares of the company’s stock valued at $122,239,000 after acquiring an additional 2,132,613 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Coty by 162.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 4,300,292 shares of the company’s stock worth $23,523,000 after acquiring an additional 2,660,221 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Coty by 456.9% in the 1st quarter. AQR Capital Management LLC now owns 4,063,070 shares of the company’s stock worth $21,981,000 after acquiring an additional 3,333,511 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in shares of Coty by 2.3% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 3,601,833 shares of the company’s stock worth $19,700,000 after acquiring an additional 79,432 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Price Performance

Shares of NYSE:COTY opened at $4.01 on Monday. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of -9.10, a P/E/G ratio of 0.27 and a beta of 1.98. Coty has a 1 year low of $3.67 and a 1 year high of $9.56. The company has a current ratio of 0.77, a quick ratio of 0.46 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $4.39 and a 200 day simple moving average of $4.79.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, August 20th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Coty had a negative net margin of 6.24% and a positive return on equity of 5.18%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm earned ($0.03) EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Coty will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on COTY shares. Evercore ISI reduced their target price on Coty from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft cut their price objective on Coty from $6.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday, August 21st. Canaccord Genuity Group decreased their target price on shares of Coty from $5.00 to $4.00 and set a “hold” rating for the company in a report on Friday, August 22nd. Wells Fargo & Company dropped their target price on shares of Coty from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Friday, August 22nd. Finally, Jefferies Financial Group downgraded shares of Coty from a “buy” rating to a “hold” rating and reduced their price target for the company from $6.00 to $4.00 in a research report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Coty presently has an average rating of “Hold” and an average target price of $6.06.

Insider Transactions at Coty

In other Coty news, CEO Sue Nabi purchased 260,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were bought at an average price of $3.92 per share, for a total transaction of $1,019,200.00. Following the purchase, the chief executive officer directly owned 32,127,286 shares in the company, valued at $125,938,961.12. This trade represents a 0.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kristin Blazewicz purchased 29,400 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were acquired at an average price of $4.30 per share, for a total transaction of $126,420.00. Following the acquisition, the insider directly owned 829,142 shares in the company, valued at $3,565,310.60. This represents a 3.68% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 334,900 shares of company stock worth $1,321,840. Corporate insiders own 5.90% of the company’s stock.

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.