Mutual of America Capital Management LLC Reduces Position in Coty Inc. (NYSE:COTY)

Mutual of America Capital Management LLC cut its holdings in shares of Coty Inc. (NYSE:COTY) by 5.6% during the third quarter, HoldingsChannel.com reports. The fund owned 196,991 shares of the company’s stock after selling 11,698 shares during the period. Mutual of America Capital Management LLC’s holdings in Coty were worth $1,850,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Blue Trust Inc. boosted its position in shares of Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after acquiring an additional 2,385 shares during the last quarter. Quent Capital LLC raised its position in Coty by 1,448.8% in the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares during the period. WealthShield Partners LLC acquired a new position in shares of Coty in the 2nd quarter worth approximately $100,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Coty in the second quarter valued at $107,000. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after buying an additional 1,104 shares during the period. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on COTY shares. Barclays cut shares of Coty from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $8.00 to $7.00 in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Citigroup lowered their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Evercore ISI reissued an “outperform” rating and issued a $15.00 target price on shares of Coty in a report on Wednesday, August 21st. Finally, DA Davidson decreased their price target on Coty from $14.50 to $12.50 and set a “buy” rating for the company in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.56.

Coty Stock Performance

Shares of Coty stock opened at $7.32 on Monday. Coty Inc. has a 12 month low of $6.93 and a 12 month high of $13.30. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $6.37 billion, a PE ratio of 43.06, a PEG ratio of 0.71 and a beta of 1.91. The stock’s fifty day simple moving average is $8.21 and its 200 day simple moving average is $9.30.

Coty (NYSE:COTY) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company posted $0.09 earnings per share. Coty’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, research analysts predict that Coty Inc. will post 0.51 EPS for the current year.

About Coty

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.