Coty Inc. (NYSE:COTY) Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC raised its stake in Coty Inc. (NYSE:COTY) by 250.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,645 shares of the company’s stock after purchasing an additional 132,637 shares during the quarter. Voya Investment Management LLC’s holdings in Coty were worth $1,292,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in COTY. Barclays PLC grew its position in Coty by 147.1% during the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after acquiring an additional 693,961 shares during the period. Virtu Financial LLC acquired a new position in shares of Coty in the 3rd quarter valued at about $96,000. Tidal Investments LLC grew its holdings in shares of Coty by 26.6% during the 3rd quarter. Tidal Investments LLC now owns 201,398 shares of the company’s stock worth $1,891,000 after purchasing an additional 42,295 shares during the period. JPMorgan Chase & Co. increased its position in Coty by 16.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock worth $6,981,000 after purchasing an additional 107,014 shares in the last quarter. Finally, Oak Thistle LLC purchased a new position in Coty in the fourth quarter valued at approximately $808,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Stock Performance

Coty stock opened at $5.16 on Tuesday. The company has a market cap of $4.50 billion, a PE ratio of -515.50, a P/E/G ratio of 0.81 and a beta of 1.75. Coty Inc. has a 12 month low of $4.56 and a 12 month high of $11.77. The company has a fifty day moving average price of $5.29 and a two-hundred day moving average price of $6.44. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45.

Coty (NYSE:COTY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Research analysts expect that Coty Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Coty from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Bank of America downgraded Coty from a “buy” rating to an “underperform” rating and lowered their price target for the company from $9.00 to $4.50 in a report on Tuesday, April 15th. Morgan Stanley decreased their target price on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Citigroup upgraded Coty from a “neutral” rating to a “buy” rating and raised their target price for the company from $7.00 to $8.00 in a report on Thursday, March 20th. Finally, Raymond James downgraded shares of Coty from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 17th. Two investment analysts have 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 has a consensus rating of “Hold” and a consensus price target of $8.24.

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.