Amalgamated Bank Lowers Stock Holdings in Coty Inc. (NYSE:COTY)

Amalgamated Bank lowered its position in Coty Inc. (NYSE:COTY) by 20.9% in the third quarter, Holdings Channel.com reports. The firm owned 170,644 shares of the company’s stock after selling 44,979 shares during the quarter. Amalgamated Bank’s holdings in Coty were worth $1,602,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares during the period. Quent Capital LLC lifted 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 stake in Coty in the second quarter valued at about $100,000. Fifth Third Wealth Advisors LLC acquired a new stake in Coty in the second quarter valued at about $107,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after purchasing an additional 1,104 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. Stifel Nicolaus reduced their price target on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, October 15th. Citigroup reduced their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Coty has an average rating of “Moderate Buy” and an average price target of $11.84.

Coty Trading Up 1.5 %

Shares of COTY opened at $7.47 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.46. The firm has a 50 day simple moving average of $8.50 and a 200-day simple moving average of $9.52. Coty Inc. has a 1-year low of $7.02 and a 1-year high of $13.30. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 43.94, a price-to-earnings-growth ratio of 1.07 and a beta of 1.91.

Coty (NYSE:COTY) last released its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. Equities analysts forecast that Coty Inc. will post 0.53 EPS for the current fiscal year.

Coty Company 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.