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

Entropy Technologies LP increased its position in shares of Coty Inc. (NYSE:COTY) by 137.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,349 shares of the company’s stock after purchasing an additional 60,400 shares during the period. Entropy Technologies LP’s holdings in Coty were worth $726,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of COTY. Blue Trust Inc. grew 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 purchasing an additional 2,385 shares during the period. R Squared Ltd acquired a new position in Coty in the fourth quarter valued at about $54,000. Virtu Financial LLC purchased a new position in Coty during the third quarter worth about $96,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Coty during the fourth quarter valued at about $74,000. Finally, PFG Investments LLC purchased a new stake in shares of Coty in the 4th quarter valued at approximately $75,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Stock Performance

Shares of COTY stock opened at $6.17 on Wednesday. Coty Inc. has a 12 month low of $6.13 and a 12 month high of $13.30. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company has a market cap of $5.37 billion, a P/E ratio of 36.29, a PEG ratio of 0.72 and a beta of 1.89. The firm has a fifty day moving average price of $7.16 and a 200 day moving average price of $8.11.

Coty (NYSE:COTY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.11 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%. Sell-side analysts predict that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

COTY has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price objective on shares of Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Tuesday. Wells Fargo & Company lowered their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price objective on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. DA Davidson restated a “buy” rating and set a $12.50 target price on shares of Coty in a report on Thursday, February 6th. Finally, The Goldman Sachs Group assumed coverage on Coty in a research report on Friday, December 13th. They issued a “neutral” rating and a $9.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Coty currently has an average rating of “Moderate Buy” and an average target price of $11.12.

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.