Assenagon Asset Management S.A. Raises Holdings in Coty $COTY

Assenagon Asset Management S.A. boosted its position in Coty (NYSE:COTYFree Report) by 56.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,508,040 shares of the company’s stock after purchasing an additional 1,624,114 shares during the quarter. Assenagon Asset Management S.A. owned about 0.52% of Coty worth $13,885,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of Coty by 8.2% in the first quarter. Royal Bank of Canada now owns 128,451 shares of the company’s stock worth $702,000 after buying an additional 9,700 shares in the last quarter. United Services Automobile Association purchased a new stake in Coty during the 1st quarter valued at about $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Coty by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company’s stock valued at $7,101,000 after acquiring an additional 86,534 shares during the last quarter. Focus Partners Wealth acquired a new stake in Coty in the 1st quarter valued at about $73,000. Finally, PNC Financial Services Group Inc. lifted its stake in Coty by 56.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 24,860 shares of the company’s stock worth $116,000 after purchasing an additional 8,939 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analyst Upgrades and Downgrades

COTY has been the topic of several recent research reports. Jefferies Financial Group assumed coverage on Coty in a report on Wednesday, January 14th. They set a “buy” rating and a $3.50 target price on the stock. Barclays reduced their price objective on Coty from $3.00 to $2.50 and set an “underweight” rating on the stock in a research report on Monday, February 9th. Santander lowered Coty to a “neutral” rating in a research note on Tuesday, December 23rd. Morgan Stanley set a $3.50 target price on Coty in a report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Coty in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $4.31.

Check Out Our Latest Analysis on COTY

Coty Stock Performance

Shares of COTY stock opened at $2.03 on Friday. The firm’s 50 day moving average price is $2.64 and its 200-day moving average price is $3.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.52 and a current ratio of 0.79. Coty has a one year low of $1.99 and a one year high of $5.65. The firm has a market cap of $1.78 billion, a P/E ratio of -3.27, a P/E/G ratio of 0.33 and a beta of 0.95.

Coty (NYSE:COTYGet Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.66 billion. Coty had a negative net margin of 9.13% and a positive return on equity of 5.38%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. As a group, equities research analysts predict that Coty will post 0.39 EPS for the current year.

Coty News Summary

Here are the key news stories impacting Coty this week:

Insider Activity

In other news, insider Bretten Gordon Von acquired 83,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $2.41 per share, for a total transaction of $200,030.00. Following the acquisition, the insider owned 986,620 shares of the company’s stock, valued at $2,377,754.20. This represents a 9.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.90% of the company’s stock.

About Coty

(Free Report)

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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