Coty Inc. (NYSE:COTY) Shares Bought by Entropy Technologies LP

Entropy Technologies LP lifted its position in shares of Coty Inc. (NYSE:COTY) by 137.4% during the fourth quarter, Holdings Channel reports. The firm owned 104,349 shares of the company’s stock after acquiring an additional 60,400 shares during the quarter. Entropy Technologies LP’s holdings in Coty were worth $726,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Compass Wealth Management LLC increased its position in Coty by 12.6% during the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock worth $5,547,000 after buying an additional 65,900 shares during the period. Blue Trust Inc. increased its holdings in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after acquiring an additional 2,385 shares during the period. Raymond James & Associates raised its position in Coty by 13.2% in the 3rd quarter. Raymond James & Associates now owns 348,560 shares of the company’s stock valued at $3,273,000 after purchasing an additional 40,572 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Coty by 3.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after purchasing an additional 1,545 shares during the period. Finally, M&G PLC grew its position in Coty by 4.7% during the 3rd quarter. M&G PLC now owns 533,731 shares of the company’s stock worth $4,804,000 after purchasing an additional 24,037 shares during the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on COTY shares. Royal Bank of Canada restated an “outperform” rating and set a $14.00 price objective on shares of Coty in a research report on Tuesday, October 15th. The Goldman Sachs Group initiated coverage on Coty in a report on Friday, December 13th. They issued a “neutral” rating and a $9.00 price objective on the stock. Stifel Nicolaus cut their target price on Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Finally, DA Davidson reiterated a “buy” rating and issued a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Coty presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.12.

Coty Stock Down 8.9 %

Shares of NYSE COTY opened at $6.17 on Wednesday. The firm’s 50-day moving average is $7.16 and its two-hundred day moving average is $8.11. The company has a market capitalization of $5.37 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 0.72 and a beta of 1.89. Coty Inc. has a 12-month low of $6.13 and a 12-month high of $13.30. 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 (NYSE:COTY) last posted its earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 2.78% and a return on equity of 9.16%. Equities analysts anticipate that Coty Inc. will post 0.51 EPS for the current fiscal year.

Coty Company 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.