Mutual of America Capital Management LLC Has $847,000 Stock Position in Coty $COTY

Mutual of America Capital Management LLC trimmed its stake in Coty (NYSE:COTY) by 3.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,194 shares of the company’s stock after selling 6,301 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Coty were worth $847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in COTY. GAMMA Investing LLC increased its stake in Coty by 140.2% in the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company’s stock valued at $30,000 after buying an additional 3,214 shares during the period. UMB Bank n.a. grew its holdings in shares of Coty by 137.1% during the 2nd quarter. UMB Bank n.a. now owns 6,851 shares of the company’s stock valued at $32,000 after acquiring an additional 3,962 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Coty by 1,006.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company’s stock worth $40,000 after acquiring an additional 6,644 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Coty during the second quarter worth $48,000. Finally, Callan Capital LLC bought a new position in Coty during the first quarter valued at approximately $56,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Laurent Mercier acquired 12,500 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was acquired at an average price of $3.96 per share, for a total transaction of $49,500.00. Following the transaction, the chief financial officer directly owned 402,216 shares in the company, valued at approximately $1,592,775.36. This represents a 3.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sue Nabi purchased 260,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $3.92 per share, for a total transaction of $1,019,200.00. Following the transaction, the chief executive officer owned 32,127,286 shares of the company’s stock, valued at $125,938,961.12. This trade represents a 0.82% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 334,900 shares of company stock worth $1,321,840. Company insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Coty from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Friday, August 22nd. Canaccord Genuity Group lowered their target price on Coty from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Friday, August 22nd. Morgan Stanley cut their price target on Coty from $5.00 to $4.25 and set an “equal weight” rating for the company in a report on Monday, August 25th. Evercore ISI reduced their price objective on Coty from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Coty in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.06.

Coty Price Performance

Coty stock opened at $4.11 on Tuesday. The business’s fifty day moving average is $4.17 and its two-hundred day moving average is $4.66. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.46 and a current ratio of 0.77. The firm has a market cap of $3.58 billion, a P/E ratio of -9.33, a P/E/G ratio of 0.29 and a beta of 1.98. Coty has a 52 week low of $3.67 and a 52 week high of $8.04.

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