Alliancebernstein L.P. Has $2.98 Million Position in Coty Inc. (NYSE:COTY)

Alliancebernstein L.P. lessened its position in Coty Inc. (NYSE:COTY) by 39.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 428,711 shares of the company’s stock after selling 275,512 shares during the quarter. Alliancebernstein L.P.’s holdings in Coty were worth $2,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted 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 acquiring an additional 107,014 shares during the last quarter. Barclays PLC lifted its position in shares of Coty by 147.1% in the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock worth $10,947,000 after purchasing an additional 693,961 shares in the last quarter. Amundi grew its position in Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after purchasing an additional 4,478,906 shares in the last quarter. TCW Group Inc. increased its stake in Coty by 44.1% in the 4th quarter. TCW Group Inc. now owns 304,797 shares of the company’s stock valued at $2,121,000 after buying an additional 93,229 shares during the last quarter. Finally, Entropy Technologies LP boosted its stake in shares of Coty by 137.4% during the 4th quarter. Entropy Technologies LP now owns 104,349 shares of the company’s stock worth $726,000 after buying an additional 60,400 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COTY. DA Davidson reiterated a “buy” rating and set a $12.50 target price on shares of Coty in a report on Thursday, February 6th. Evercore ISI dropped their price objective on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Citigroup raised shares of 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 research note on Thursday, March 20th. Berenberg Bank began coverage on shares of Coty in a report on Tuesday, March 25th. They set a “buy” rating and a $7.50 target price on the stock. Finally, Wells Fargo & Company cut their price target on shares of Coty from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.30.

Coty Trading Down 8.4 %

Shares of Coty stock opened at $4.76 on Wednesday. Coty Inc. has a 52-week low of $4.61 and a 52-week high of $11.81. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The firm has a 50-day moving average of $5.56 and a 200-day moving average of $6.84. The stock has a market cap of $4.15 billion, a PE ratio of -475.50, a PEG ratio of 0.81 and a beta of 1.75.

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 the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. As a group, sell-side analysts forecast that Coty Inc. will post 0.39 EPS 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.