Graphene Investments SAS Purchases 75,000 Shares of Coty Inc. (NYSE:COTY)

Graphene Investments SAS increased its position in shares of Coty Inc. (NYSE:COTY) by 24.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 381,200 shares of the company’s stock after acquiring an additional 75,000 shares during the period. Graphene Investments SAS’s holdings in Coty were worth $2,653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares during the last quarter. R Squared Ltd bought a new stake in Coty during the fourth quarter worth about $54,000. Virtu Financial LLC purchased a new position in shares of Coty in the 3rd quarter worth about $96,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Coty during the 4th quarter valued at about $74,000. Finally, PFG Investments LLC bought a new stake in Coty in the 4th quarter worth approximately $75,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Price Performance

COTY stock opened at $6.85 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. Coty Inc. has a 1 year low of $6.59 and a 1 year high of $13.30. The firm has a 50-day moving average of $7.20 and a 200 day moving average of $8.18. The company has a market cap of $5.95 billion, a P/E ratio of 40.26, a PEG ratio of 0.78 and a beta of 1.89.

Coty (NYSE:COTY) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company posted $0.09 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts forecast that Coty Inc. will post 0.5 EPS for the current year.

Analyst Ratings Changes

COTY has been the topic of a number of recent research reports. Barclays reduced their price target on shares of Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Jefferies Financial Group decreased their target price on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Canaccord Genuity Group restated a “buy” rating and set a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Finally, Citigroup lowered their target price on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.24.

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.