Coty Inc. (NYSE:COTY) Holdings Lifted by Sea Cliff Partners Management LP

Sea Cliff Partners Management LP boosted its position in Coty Inc. (NYSE:COTY) by 19.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,905,148 shares of the company’s stock after acquiring an additional 470,852 shares during the period. Coty accounts for approximately 10.0% of Sea Cliff Partners Management LP’s portfolio, making the stock its 5th largest holding. Sea Cliff Partners Management LP’s holdings in Coty were worth $29,110,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of COTY. Point72 Asset Management L.P. grew its holdings in shares of Coty by 789.3% during the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock worth $55,932,000 after purchasing an additional 4,954,362 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Coty by 733.0% in the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock valued at $19,038,000 after purchasing an additional 1,671,897 shares during the last quarter. Prevatt Capital Ltd bought a new stake in Coty in the fourth quarter valued at $19,251,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Coty by 78.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,174,872 shares of the company’s stock worth $37,972,000 after purchasing an additional 1,395,230 shares during the period. Finally, FIL Ltd boosted its stake in shares of Coty by 10.6% during the 4th quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock valued at $178,171,000 after purchasing an additional 1,375,857 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on COTY shares. Barclays lowered their target price on Coty from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Stifel Nicolaus cut their price objective on shares of Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Citigroup cut their price objective on shares of Coty from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Canaccord Genuity Group restated a “buy” rating and issued a $14.00 price objective on shares of Coty in a report on Friday, September 13th. Finally, Wells Fargo & Company cut their price target on shares of Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.85.

Coty Stock Up 5.0 %

Shares of Coty stock opened at $9.48 on Friday. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 41.20, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89. The company’s 50 day moving average is $9.42 and its 200 day moving average is $10.33. Coty Inc. has a twelve month low of $8.66 and a twelve month high of $13.30. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96.

Coty (NYSE:COTY) last issued its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company earned $0.01 EPS. Research analysts anticipate that Coty Inc. will post 0.56 EPS for the current 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.