Connor Clark & Lunn Investment Management Ltd. Has $9.15 Million Holdings in Avon Products, Inc. (AVP)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in Avon Products, Inc. (NYSE:AVP) by 10.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,159,612 shares of the company’s stock after selling 460,413 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.94% of Avon Products worth $9,151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laurion Capital Management LP bought a new stake in shares of Avon Products in the 2nd quarter valued at about $147,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Avon Products in the 2nd quarter valued at about $151,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Avon Products in the 3rd quarter valued at about $166,000. Jane Street Group LLC acquired a new position in shares of Avon Products in the 2nd quarter valued at about $184,000. Finally, Miller Value Partners LLC lifted its stake in shares of Avon Products by 746.4% in the 2nd quarter. Miller Value Partners LLC now owns 170,238 shares of the company’s stock valued at $276,000 after purchasing an additional 150,125 shares during the period. Hedge funds and other institutional investors own 78.08% of the company’s stock.

Shares of NYSE:AVP opened at $2.12 on Friday. The stock has a market capitalization of $964.34 million, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.77 and a beta of 1.38. Avon Products, Inc. has a 1 year low of $1.38 and a 1 year high of $2.99.

Avon Products (NYSE:AVP) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.32 billion. Avon Products had a negative return on equity of 7.67% and a net margin of 2.61%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 EPS. Sell-side analysts predict that Avon Products, Inc. will post 0.05 earnings per share for the current fiscal year.

AVP has been the topic of a number of recent analyst reports. ValuEngine raised Avon Products from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. DA Davidson raised Avon Products from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $1.75 to $3.50 in a research note on Monday, September 24th. TheStreet raised Avon Products from a “d” rating to a “c-” rating in a research note on Friday, November 2nd. Finally, Zacks Investment Research raised Avon Products from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $2.63.

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Avon Products Company Profile

Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.

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Institutional Ownership by Quarter for Avon Products (NYSE:AVP)

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