Candriam Luxembourg S.C.A. Acquires New Stake in Coty Inc. (NYSE:COTY)

Candriam Luxembourg S.C.A. acquired a new stake in shares of Coty Inc. (NYSE:COTY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,731 shares of the company’s stock, valued at approximately $147,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of COTY. Advisory Services Network LLC acquired a new position in shares of Coty during the second quarter valued at approximately $30,000. Ethic Inc. acquired a new position in Coty in the second quarter worth approximately $118,000. LMR Partners LLP acquired a new position in Coty in the second quarter worth approximately $130,000. Advisor Group Holdings Inc. grew its position in Coty by 27.3% in the third quarter. Advisor Group Holdings Inc. now owns 18,171 shares of the company’s stock worth $143,000 after buying an additional 3,901 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Coty by 13.1% in the second quarter. Stifel Financial Corp now owns 19,483 shares of the company’s stock worth $182,000 after buying an additional 2,250 shares during the last quarter. Institutional investors and hedge funds own 34.68% of the company’s stock.

In other news, Director Maria Asunicion Aramburuzabala bought 586,307 shares of the business’s stock in a transaction on Monday, November 15th. The stock was purchased at an average price of $10.90 per share, with a total value of $6,390,746.30. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert S. Singer sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 24th. The stock was sold at an average price of $10.28, for a total transaction of $102,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,000 shares of company stock valued at $671,400. 3.10% of the stock is owned by company insiders.

Shares of NYSE:COTY opened at $8.93 on Friday. The firm has a fifty day moving average of $10.14 and a two-hundred day moving average of $9.06. Coty Inc. has a 12-month low of $6.20 and a 12-month high of $11.12. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.46.

Coty (NYSE:COTY) last issued its earnings results on Sunday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Coty had a negative net margin of 7.75% and a positive return on equity of 4.16%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. On average, equities analysts predict that Coty Inc. will post 0.23 EPS for the current year.

Several research analysts have issued reports on COTY shares. Royal Bank of Canada lifted their price target on shares of Coty from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, November 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Coty from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, November 19th. Zacks Investment Research lowered shares of Coty from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a research report on Tuesday, December 28th. Raymond James upgraded shares of Coty from a “market perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research report on Tuesday, November 9th. Finally, Jefferies Financial Group lifted their price objective on shares of Coty from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 14th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Coty currently has an average rating of “Buy” and an average target price of $12.23.

About Coty

Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focuses on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.

Further Reading: Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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