Mutual of America Capital Management LLC Sells 3,994 Shares of Coty Inc. (NYSE:COTY)

Mutual of America Capital Management LLC lessened its holdings in Coty Inc. (NYSE:COTY) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,997 shares of the company’s stock after selling 3,994 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Coty were worth $1,343,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Banco Santander S.A. grew its holdings in shares of Coty by 0.3% in the 3rd quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock worth $217,029,000 after purchasing an additional 79,180 shares during the last quarter. State Street Corp lifted its position in Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after buying an additional 251,964 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after buying an additional 656,952 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Coty by 5.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock worth $41,270,000 after buying an additional 287,061 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Coty by 8.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,039,384 shares of the company’s stock valued at $21,154,000 after purchasing an additional 234,768 shares during the period. Institutional investors own 42.36% of the company’s stock.

Coty Trading Up 1.6 %

COTY opened at $5.86 on Friday. Coty Inc. has a twelve month low of $5.35 and a twelve month high of $12.80. The company has a 50-day simple moving average of $6.54 and a 200 day simple moving average of $7.62. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of -585.50, a P/E/G ratio of 0.81 and a beta of 1.97.

Coty (NYSE:COTY) last issued its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Analysts predict that Coty Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on COTY shares. Canaccord Genuity Group cut their target price on shares of Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley lowered their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. DA Davidson reiterated a “buy” rating and issued a $12.50 price objective on shares of Coty in a report on Thursday, February 6th. Evercore ISI lowered their price objective on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Barclays lowered their price objective on shares of Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.89.

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.