Walleye Capital LLC Invests $116,000 in Coty Inc. (NYSE:COTY)

Walleye Capital LLC bought a new position in Coty Inc. (NYSE:COTYGet Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,467 shares of the company’s stock, valued at approximately $116,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Washington Trust Advisors Inc. raised its position in shares of Coty by 78.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 3,714 shares of the company’s stock worth $30,000 after purchasing an additional 1,632 shares during the period. Fifth Third Bancorp boosted its position in shares of Coty by 90.9% in the second quarter. Fifth Third Bancorp now owns 4,419 shares of the company’s stock worth $36,000 after buying an additional 2,104 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Coty by 323.8% during the second quarter. Meeder Asset Management Inc. now owns 6,968 shares of the company’s stock worth $56,000 after acquiring an additional 5,324 shares in the last quarter. US Bancorp DE raised its holdings in shares of Coty by 48.3% during the second quarter. US Bancorp DE now owns 7,147 shares of the company’s stock worth $58,000 after acquiring an additional 2,328 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Coty during the first quarter worth $75,000. Hedge funds and other institutional investors own 37.45% of the company’s stock.

Insider Buying and Selling

In related news, Director Olivier Goudet bought 100,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were purchased at an average price of $7.61 per share, for a total transaction of $761,000.00. Following the completion of the transaction, the director now directly owns 1,039,129 shares of the company’s stock, valued at approximately $7,907,771.69. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Coty from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, October 24th. Morgan Stanley dropped their price objective on shares of Coty from $9.00 to $8.25 and set an “equal weight” rating for the company in a research report on Tuesday, October 11th. Bank of America started coverage on shares of Coty in a research report on Wednesday, September 14th. They set a “buy” rating and a $12.00 target price for the company. StockNews.com started coverage on shares of Coty in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, DA Davidson upped their target price on shares of Coty from $10.50 to $12.50 and gave the company a “buy” rating in a research report on Thursday, November 10th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.08.

Coty Price Performance

Shares of COTY stock opened at $7.77 on Monday. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 77.70, a price-to-earnings-growth ratio of 1.51 and a beta of 1.90. The company has a quick ratio of 0.44, a current ratio of 0.70 and a debt-to-equity ratio of 1.33. Coty Inc. has a 12-month low of $5.90 and a 12-month high of $10.85. The firm has a fifty day moving average of $7.01 and a 200-day moving average of $7.22.

Coty (NYSE:COTYGet Rating) last issued its earnings results on Tuesday, November 8th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Coty had a net margin of 2.92% and a return on equity of 9.47%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the firm earned $0.08 EPS. Coty’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Coty Inc. will post 0.32 earnings per share for the current year.

Coty Company Profile

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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 products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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