Coty Inc. (NYSE:COTY) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of Coty Inc. (NYSE:COTY) by 20.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,644 shares of the company’s stock after selling 44,979 shares during the period. Amalgamated Bank’s holdings in Coty were worth $1,602,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares in the last quarter. Quent Capital LLC raised its stake in shares of 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 acquiring an additional 4,810 shares in the last quarter. WealthShield Partners LLC acquired a new stake in shares of Coty in the second quarter valued at $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 stake in shares of 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 acquiring an additional 1,104 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Stock Performance

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

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the business earned $0.09 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts predict that Coty Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, October 15th. Jefferies Financial Group reduced their price objective on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.84.

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.