SG Americas Securities LLC Purchases 1,750,021 Shares of Coty Inc. (NYSE:COTY)

SG Americas Securities LLC lifted its position in Coty Inc. (NYSE:COTY) by 1,798.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,847,328 shares of the company’s stock after acquiring an additional 1,750,021 shares during the quarter. SG Americas Securities LLC owned approximately 0.21% of Coty worth $17,346,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in COTY. Allianz Asset Management GmbH boosted its holdings in shares of Coty by 2.3% in the 4th quarter. Allianz Asset Management GmbH now owns 239,122 shares of the company’s stock worth $2,970,000 after buying an additional 5,483 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Coty by 5.5% in the 4th quarter. Treasurer of the State of North Carolina now owns 166,987 shares of the company’s stock worth $2,074,000 after buying an additional 8,760 shares during the last quarter. Sea Cliff Partners Management LP purchased a new position in shares of Coty in the 4th quarter worth about $24,803,000. Ranger Investment Management L.P. boosted its holdings in shares of Coty by 0.5% in the 4th quarter. Ranger Investment Management L.P. now owns 1,623,182 shares of the company’s stock worth $20,160,000 after buying an additional 7,910 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Coty in the 4th quarter worth about $2,857,000. Institutional investors own 42.36% of the company’s stock.

Coty Price Performance

Shares of COTY stock traded up $0.06 during trading on Friday, hitting $8.99. The company had a trading volume of 2,166,870 shares, compared to its average volume of 3,915,834. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. The stock’s 50-day moving average is $9.34 and its two-hundred day moving average is $10.19. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89. Coty Inc. has a 52 week low of $8.66 and a 52 week high of $13.30.

Coty (NYSE:COTY) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.01 earnings per share. As a group, analysts predict that Coty Inc. will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on COTY shares. Stifel Nicolaus cut their price target on shares of Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Wells Fargo & Company dropped their price objective on shares of Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. DA Davidson upped their price objective on shares of Coty from $16.50 to $17.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Evercore ISI reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Coty in a report on Wednesday, August 21st. Finally, Citigroup dropped their price objective on shares of Coty from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.85.

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.