SG Americas Securities LLC Sells 157,154 Shares of Coty Inc. (NYSE:COTY)

SG Americas Securities LLC cut its holdings in Coty Inc. (NYSE:COTYGet Rating) by 78.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,208 shares of the company’s stock after selling 157,154 shares during the quarter. SG Americas Securities LLC’s holdings in Coty were worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of COTY. Morgan Stanley grew its stake in shares of Coty by 18.5% in the second quarter. Morgan Stanley now owns 1,713,170 shares of the company’s stock worth $16,001,000 after purchasing an additional 266,863 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Coty by 13.6% in the third quarter. Commonwealth Equity Services LLC now owns 33,180 shares of the company’s stock worth $260,000 after purchasing an additional 3,960 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Coty by 263.3% in the third quarter. Deutsche Bank AG now owns 166,296 shares of the company’s stock worth $1,308,000 after purchasing an additional 120,525 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in shares of 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 purchasing an additional 3,901 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. bought a new stake in shares of Coty in the third quarter worth about $147,000. 37.60% of the stock is currently owned by institutional investors.

COTY stock opened at $6.58 on Friday. The firm has a 50 day moving average price of $8.28 and a 200-day moving average price of $9.08. Coty Inc. has a 52-week low of $6.03 and a 52-week high of $11.12. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 43.87 and a beta of 2.37. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.55 and a current ratio of 0.69.

Coty (NYSE:COTYGet Rating) last announced its quarterly earnings data on Monday, May 9th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Coty had a net margin of 3.93% and a return on equity of 6.85%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. Coty’s revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts forecast that Coty Inc. will post 0.27 earnings per share for the current fiscal year.

In related news, CEO Sue Nabi bought 4,786 shares of the business’s stock in a transaction on Thursday, March 10th. The stock was acquired at an average price of $8.00 per share, with a total value of $38,288.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bretten Gordon Von bought 12,392 shares of the business’s stock in a transaction on Thursday, March 10th. The stock was bought at an average cost of $7.87 per share, with a total value of $97,525.04. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 37,692 shares of company stock valued at $290,907. 3.10% of the stock is owned by company insiders.

Several analysts have commented on the stock. Barclays lowered their price objective on shares of Coty from $10.00 to $8.00 in a report on Wednesday. Raymond James lowered their price objective on shares of Coty from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Monday, April 18th. Morgan Stanley raised their price objective on shares of Coty from $8.25 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 18th. JPMorgan Chase & Co. lowered their price objective on shares of Coty from $10.00 to $8.00 in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of Coty from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Thursday, January 20th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coty presently has a consensus rating of “Buy” and an average price target of $11.05.

Coty Profile (Get Rating)

Coty Inc, together with its subsidiaries, engages in the manufacture, marketing, distribution, and sale of beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, Kim Kardashian West, and Tiffany & Co brands.

Further Reading

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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