Parametrica Management Ltd Invests $119,000 in Coty Inc. (NYSE:COTY)

Parametrica Management Ltd purchased a new stake in shares of Coty Inc. (NYSE:COTY) in the 4th quarter, Holdings Channel.com reports. The firm purchased 17,161 shares of the company’s stock, valued at approximately $119,000.

Several other institutional investors have also added to or reduced their stakes in COTY. Steward Partners Investment Advisory LLC increased its stake in Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after acquiring an additional 3,186 shares during the last quarter. Allworth Financial LP increased its position in shares of Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after purchasing an additional 3,328 shares during the last quarter. Blue Trust Inc. raised its holdings in Coty by 124.8% during the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after buying an additional 3,877 shares during the period. R Squared Ltd bought a new stake in Coty in the fourth quarter worth $54,000. Finally, US Bancorp DE boosted its stake in Coty by 116.0% during the fourth quarter. US Bancorp DE now owns 9,473 shares of the company’s stock worth $66,000 after buying an additional 5,088 shares during the period. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on COTY shares. Royal Bank of Canada restated an “outperform” rating and issued a $13.00 target price on shares of Coty in a report on Wednesday, February 12th. Canaccord Genuity Group decreased their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Evercore ISI cut their target price on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Barclays dropped their price objective on Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Finally, Wells Fargo & Company dropped their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.66.

Coty Stock Down 0.9 %

Shares of NYSE:COTY opened at $5.49 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm’s 50-day simple moving average is $6.24 and its 200-day simple moving average is $7.28. The company has a market cap of $4.79 billion, a price-to-earnings ratio of -549.00, a PEG ratio of 0.81 and a beta of 1.97. Coty Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $11.99.

Coty (NYSE:COTY) last released its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. As a group, equities research analysts predict that Coty Inc. will post 0.39 earnings per share 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.