Millennium Management LLC Has $31.92 Million Stock Holdings in Coty Inc. (NYSE:COTY)

Millennium Management LLC boosted its position in Coty Inc. (NYSE:COTY) by 58.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,585,632 shares of the company’s stock after buying an additional 1,695,358 shares during the period. Millennium Management LLC owned approximately 0.53% of Coty worth $31,916,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in COTY. Steward Partners Investment Advisory LLC increased its holdings in shares of Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after acquiring an additional 3,186 shares in the last quarter. Allworth Financial LP increased its stake in Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after purchasing an additional 3,328 shares in the last quarter. Blue Trust Inc. increased its stake in Coty by 124.8% during the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after purchasing an additional 3,877 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Coty by 55.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock worth $51,000 after buying an additional 2,601 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Coty in the fourth quarter valued at $54,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COTY has been the subject of several recent research reports. Royal Bank of Canada decreased their target price on shares of Coty from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Berenberg Bank initiated coverage on Coty in a research note on Tuesday, March 25th. They issued a “buy” rating and a $7.50 price objective for the company. Citigroup dropped their target price on Coty from $8.00 to $6.50 and set a “buy” rating on the stock in a report on Thursday, May 8th. Canaccord Genuity Group reiterated a “hold” rating and set a $5.00 price target (down previously from $8.00) on shares of Coty in a report on Thursday, May 8th. Finally, Raymond James cut Coty from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.80.

Coty Trading Up 0.4%

Shares of COTY stock opened at $5.05 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm has a market cap of $4.40 billion, a P/E ratio of -505.00, a PEG ratio of 0.81 and a beta of 1.90. The company has a 50 day moving average of $5.15 and a 200-day moving average of $6.28. Coty Inc. has a 12-month low of $4.46 and a 12-month high of $10.80.

Coty (NYSE:COTY) last released its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Coty had a return on equity of 6.34% and a net margin of 0.22%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share. Sell-side analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current year.

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.