State of Alaska Department of Revenue lessened its stake in Coty Inc (NYSE:COTY) by 12.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,617 shares of the company’s stock after selling 25,160 shares during the quarter. State of Alaska Department of Revenue’s holdings in Coty were worth $2,075,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the business. Delta Asset Management LLC TN increased its holdings in shares of Coty by 12.5% in the fourth quarter. Delta Asset Management LLC TN now owns 10,825 shares of the company’s stock worth $71,000 after acquiring an additional 1,200 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in shares of Coty by 11.4% in the fourth quarter. Cetera Advisor Networks LLC now owns 16,348 shares of the company’s stock worth $108,000 after acquiring an additional 1,673 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Coty by 9.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 19,235 shares of the company’s stock worth $126,000 after acquiring an additional 1,700 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Coty by 14.8% in the fourth quarter. M&T Bank Corp now owns 18,044 shares of the company’s stock worth $119,000 after acquiring an additional 2,324 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Coty in the fourth quarter worth about $25,000. Institutional investors own 65.84% of the company’s stock.
Shares of NYSE COTY opened at $11.25 on Thursday. Coty Inc has a 52 week low of $5.91 and a 52 week high of $18.00. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 0.99. The company has a market cap of $8.40 billion, a P/E ratio of 16.30, a P/E/G ratio of 2.56 and a beta of 0.93.
Several equities research analysts have issued reports on the company. Morgan Stanley set a $9.00 price target on Coty and gave the stock a “hold” rating in a report on Thursday, December 20th. Jefferies Financial Group restated a “hold” rating on shares of Coty in a report on Tuesday, March 5th. Zacks Investment Research raised Coty from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. JPMorgan Chase & Co. upped their price objective on Coty to $10.00 and gave the stock a “neutral” rating in a research report on Monday, February 11th. Finally, Citigroup cut Coty from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $13.00 to $12.00 in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Coty currently has a consensus rating of “Hold” and a consensus target price of $13.05.
Coty Company Profile
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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