Los Angeles Capital Management LLC cut its position in Coty Inc. (NYSE:COTY – Get Rating) by 19.9% ​​in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,947 shares of the company’s stock after selling 60,451 shares during the period. Los Angeles Capital Management LLC’s holdings in Coty were worth $1,535,000 at the end of the most recent reporting period.

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Other large investors also recently made changes to their positions in the company. Washington Trust Advisors Inc. grew its stake in shares of Coty by 78.4% in the 2nd quarter. Washington Trust Advisors Inc. now owns 3,714 shares of the company’s stock valued 0 at $30,00 after buying an additional 1,632 shares during the period. Fifth Third Bancorp boosted its stake in Coty by 90.9% during the 2nd quarter. Fifth Third Bancorp now owns 4,419 shares of the company’s stock valued at $36,000 after purchasing an additional 2,104 shares during the last quarter . Meeder Asset Management Inc. boosted its stake in Coty by 323.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,968 shares of the company’s stock valued at $56,000 after purchasing an additional 5,324 shares during the last corbopost of DE Banbo. its stake in Coty by 48.3% during the 2nd quarter. US Bancorp DE now owns 7,147 shares of the company’s stock valued at $58,000 after purchasing an additional 2,328 sh ares during the last quarter. Finally, Black Swift Group LLC acquired a new position in Coty during the 3rd quarter valued at about $63,000. 37.10% of the stock is currently owned by institutional investors and hedge funds.

Coty Trading Up 1.8 %

NYSE:COTY opened at $9.52 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.44 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $7.99 billion, a PE ratio of 95.20, a price-to-earnings-growth ratio of 2.09 and a beta of 1.83. The firm’s 50 day moving average is $8.33 and its 200 day moving average is $7.64. Coty Inc. has a 12 month low of $5.90 and a 12 month high of $10.02.

Coty (NYSE:COTY – Get Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Coty had a net margin of 2.92% and a return on equity of 9.47%. Coty’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. Sell-side analysts expect that Coty Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Olivier Goudet purchased 100,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were bought at an average price of $7.61 per share, with a total value of $761,000.00. Following, the acquisition now owns 1,039,129 shares of the company’s stock, valued at approximately $7,907,771.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.40% of the side of the stock is currently owned by

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Piper Sandler upgraded Coty from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $8.00 to $10.00 in a research note on Tuesday, January 3rd. Morgan Stanley cut their price target on Coty from $9.00 to $8.25 and set an “equal weight” rating for the company in a research note on Tuesday, October 11th. DA Davidson lifted their target price on shares of Coty from $10.50 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, November 10th. StockNews.com began coverage on shares of Coty in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Wells Fargo & Company lifted their target price on shares of Coty from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.97.

Coty Company Profile

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Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focus on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.

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