Tudor Investment Corp ET AL Purchases 1,520,615 Shares of Coty $COTY

Tudor Investment Corp ET AL boosted its position in Coty (NYSE:COTYFree Report) by 1,912.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,600,131 shares of the company’s stock after acquiring an additional 1,520,615 shares during the quarter. Tudor Investment Corp ET AL owned 0.18% of Coty worth $6,465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Shay Capital LLC bought a new position in shares of Coty during the second quarter valued at about $46,000. FORA Capital LLC bought a new position in shares of Coty during the second quarter valued at about $47,000. Vident Advisory LLC bought a new position in shares of Coty during the second quarter valued at about $50,000. United Capital Financial Advisors LLC bought a new position in shares of Coty during the third quarter valued at about $43,000. Finally, Headlands Technologies LLC bought a new position in shares of Coty during the second quarter valued at about $53,000. Institutional investors own 42.36% of the company’s stock.

Coty Stock Performance

Coty stock opened at $2.11 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.52 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average of $2.46 and a 200-day moving average of $3.17. The firm has a market cap of $1.85 billion, a P/E ratio of -3.40, a P/E/G ratio of 0.38 and a beta of 0.98. Coty has a 1-year low of $1.95 and a 1-year high of $5.42.

Coty (NYSE:COTYGet Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share. Sell-side analysts expect that Coty will post 0.39 EPS for the current year.

Coty News Summary

Here are the key news stories impacting Coty this week:

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on COTY shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.50 price objective on shares of Coty in a research note on Monday, February 9th. Royal Bank Of Canada reduced their price objective on Coty from $10.00 to $8.00 and set an “outperform” rating on the stock in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Canaccord Genuity Group set a $2.50 price objective on Coty in a research note on Monday, February 9th. Finally, Jefferies Financial Group started coverage on Coty in a research note on Wednesday, January 14th. They set a “buy” rating and a $3.50 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $4.19.

Read Our Latest Stock Report on COTY

Insider Buying and Selling at Coty

In other news, insider Bretten Gordon Von bought 83,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $2.41 per share, for a total transaction of $200,030.00. Following the completion of the acquisition, the insider owned 986,620 shares in the company, valued at approximately $2,377,754.20. This trade represents a 9.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.90% of the company’s stock.

Coty Profile

(Free Report)

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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