Mutual of America Capital Management LLC Cuts Stock Position in Coty Inc. (NYSE:COTY)

Mutual of America Capital Management LLC decreased its holdings in Coty Inc. (NYSE:COTY) by 5.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,991 shares of the company’s stock after selling 11,698 shares during the period. Mutual of America Capital Management LLC’s holdings in Coty were worth $1,850,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. grew its holdings in Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after buying an additional 1,687,045 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Coty by 30.1% in the third quarter. Natixis Advisors LLC now owns 1,388,226 shares of the company’s stock valued at $13,036,000 after purchasing an additional 321,221 shares in the last quarter. MQS Management LLC increased its position in Coty by 60.4% in the third quarter. MQS Management LLC now owns 26,694 shares of the company’s stock worth $251,000 after purchasing an additional 10,054 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Coty during the third quarter valued at $681,000. Finally, Entropy Technologies LP purchased a new position in shares of Coty in the 3rd quarter worth $413,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on COTY shares. TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $11.00 to $8.50 in a research report on Wednesday, November 13th. DA Davidson dropped their target price on Coty from $14.50 to $12.50 and set a “buy” rating for the company in a research report on Monday, November 11th. Canaccord Genuity Group reiterated a “buy” rating and issued a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. 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 research report on Tuesday, October 15th. Finally, Evercore ISI reiterated an “outperform” rating and set a $15.00 target price on shares of Coty in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Coty has an average rating of “Moderate Buy” and an average target price of $11.56.

Coty Trading Up 1.8 %

Shares of NYSE:COTY opened at $7.32 on Monday. The business’s 50-day moving average is $8.21 and its 200 day moving average is $9.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. Coty Inc. has a 1 year low of $6.93 and a 1 year high of $13.30. The firm has a market capitalization of $6.37 billion, a P/E ratio of 43.06, a P/E/G ratio of 0.71 and a beta of 1.91.

Coty (NYSE:COTY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, research analysts predict that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

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.