Tudor Investment Corp ET AL Boosts Stock Position in Coty $COTY

Tudor Investment Corp ET AL boosted its stake in Coty (NYSE:COTYFree Report) by 1,912.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,600,131 shares of the company’s stock after buying an additional 1,520,615 shares during the period. Tudor Investment Corp ET AL’s holdings in Coty were worth $6,465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAM Holding AG lifted its holdings in Coty by 109.7% in the third quarter. GAM Holding AG now owns 650,000 shares of the company’s stock worth $2,626,000 after buying an additional 340,000 shares during the period. Vanguard Group Inc. lifted its holdings in Coty by 2.6% in the third quarter. Vanguard Group Inc. now owns 37,704,142 shares of the company’s stock worth $152,325,000 after buying an additional 964,040 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Coty by 6,340.5% in the third quarter. Assenagon Asset Management S.A. now owns 2,883,926 shares of the company’s stock worth $11,651,000 after buying an additional 2,839,148 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Coty by 9.1% in the third quarter. Thrivent Financial for Lutherans now owns 8,753,712 shares of the company’s stock worth $35,365,000 after buying an additional 727,404 shares during the period. Finally, Amplius Wealth Advisors LLC purchased a new stake in Coty in the third quarter worth about $47,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Bretten Gordon Von acquired 83,000 shares of Coty stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $2.41 per share, with a total value of $200,030.00. Following the transaction, the insider directly owned 986,620 shares in the company, valued at approximately $2,377,754.20. This represents a 9.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.90% of the stock is currently owned by company insiders.

Coty Stock Down 2.5%

COTY stock opened at $2.11 on Wednesday. Coty has a twelve month low of $1.95 and a twelve month high of $5.42. The company has a quick ratio of 0.52, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. The firm has a market cap of $1.85 billion, a PE ratio of -3.40, a price-to-earnings-growth ratio of 0.38 and a beta of 0.98. The business has a 50 day moving average of $2.46 and a 200 day moving average of $3.17.

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

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup lowered their price objective on shares of Coty from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Monday, February 9th. Santander lowered shares of Coty to a “neutral” rating in a report on Tuesday, December 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Coty in a report on Wednesday, January 21st. Royal Bank Of Canada lowered their price objective on shares of Coty from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Monday, February 9th. Finally, Jefferies Financial Group assumed coverage on shares of Coty in a report on Wednesday, January 14th. They issued a “buy” rating and a $3.50 price objective for the company. One investment 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. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $4.19.

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Coty Profile

(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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