Pacer Advisors Inc. Acquires 2,830,397 Shares of Coty $COTY

Pacer Advisors Inc. boosted its stake in shares of Coty (NYSE:COTY) by 2,300.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,953,407 shares of the company’s stock after buying an additional 2,830,397 shares during the period. Pacer Advisors Inc.’s holdings in Coty were worth $5,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Corient Private Wealth LLC increased its holdings in shares of Coty by 16.6% in the 2nd quarter. Corient Private Wealth LLC now owns 16,062 shares of the company’s stock valued at $75,000 after acquiring an additional 2,286 shares during the period. Public Employees Retirement System of Ohio boosted its position in Coty by 3.2% during the third quarter. Public Employees Retirement System of Ohio now owns 117,781 shares of the company’s stock valued at $476,000 after purchasing an additional 3,616 shares in the last quarter. Osaic Holdings Inc. boosted its position in Coty by 30.5% during the second quarter. Osaic Holdings Inc. now owns 15,795 shares of the company’s stock valued at $73,000 after purchasing an additional 3,689 shares in the last quarter. Aigen Investment Management LP boosted its position in Coty by 6.1% during the fourth quarter. Aigen Investment Management LP now owns 76,048 shares of the company’s stock valued at $234,000 after purchasing an additional 4,357 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Coty by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 24,525 shares of the company’s stock valued at $76,000 after purchasing an additional 4,662 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Stock Down 3.3%

Shares of COTY stock opened at $2.81 on Thursday. The stock’s fifty day moving average price is $2.27 and its 200 day moving average price is $2.38. Coty has a 1-year low of $1.82 and a 1-year high of $5.08. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -4.54, a price-to-earnings-growth ratio of 0.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.82 and a quick ratio of 0.49.

Coty (NYSE:COTY) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.Coty’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. On average, research analysts expect that Coty will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

COTY has been the subject of a number of recent research reports. Citigroup boosted their target price on shares of Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings cut shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. TD Cowen lifted their price objective on shares of Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Barclays reduced their price objective on shares of Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th. Finally, Morgan Stanley set a $2.50 target price on shares of Coty in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Coty presently has an average rating of “Reduce” and an average target price of $3.70.

Coty Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.