Choreo LLC Purchases 9,934 Shares of Coty Inc. (NYSE:COTY)

Choreo LLC lifted its holdings in Coty Inc. (NYSE:COTY) by 35.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,059 shares of the company’s stock after purchasing an additional 9,934 shares during the quarter. Choreo LLC’s holdings in Coty were worth $263,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares during the period. R Squared Ltd purchased a new position in Coty during the fourth quarter worth $54,000. Virtu Financial LLC purchased a new position in Coty during the third quarter worth $96,000. Kingswood Wealth Advisors LLC bought a new position in Coty during the fourth quarter valued at $74,000. Finally, PFG Investments LLC purchased a new stake in shares of Coty in the fourth quarter valued at $75,000. Institutional investors own 42.36% of the company’s stock.

Coty Stock Performance

Shares of COTY stock opened at $5.59 on Friday. Coty Inc. has a 12-month low of $5.55 and a 12-month high of $13.30. The business’s fifty day simple moving average is $7.01 and its 200-day simple moving average is $8.02. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company has a market cap of $4.86 billion, a PE ratio of 32.85, a PEG ratio of 0.72 and a beta of 1.89.

Coty (NYSE:COTY) last released its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 9.16% and a net margin of 2.78%. Analysts expect that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Raymond James cut their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Stifel Nicolaus cut their target price on Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Tuesday. Evercore ISI reduced their price target on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday. TD Cowen cut Coty from a “buy” rating to a “hold” rating and dropped their price objective for the company from $11.00 to $8.50 in a report on Wednesday, November 13th. Finally, Wells Fargo & Company reduced their target price on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.17.

Coty 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.