B. Riley Wealth Advisors Inc. bought a new stake in Coty Inc. (NYSE:COTY – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,146 shares of the company’s stock, valued at approximately $198,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COTY. JPMorgan Chase & Co. boosted its position in Coty by 3.4% in the first quarter. JPMorgan Chase & Co. now owns 653,229 shares of the company’s stock valued at $5,872,000 after buying an additional 21,444 shares in the last quarter. Raymond James & Associates boosted its position in Coty by 5.6% in the first quarter. Raymond James & Associates now owns 352,441 shares of the company’s stock valued at $3,168,000 after buying an additional 18,705 shares in the last quarter. Citigroup Inc. boosted its position in Coty by 19.2% in the first quarter. Citigroup Inc. now owns 166,285 shares of the company’s stock valued at $1,495,000 after buying an additional 26,781 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Coty by 12.2% in the first quarter. PNC Financial Services Group Inc. now owns 16,652 shares of the company’s stock valued at $150,000 after buying an additional 1,816 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in Coty by 36.8% in the first quarter. MetLife Investment Management LLC now owns 222,521 shares of the company’s stock valued at $2,000,000 after buying an additional 59,897 shares in the last quarter. 37.10% of the stock is currently owned by institutional investors and hedge funds.
Coty Stock Up 2.0 %
Shares of NYSE:COTY opened at $9.63 on Wednesday. Coty Inc. has a 52 week low of $6.28 and a 52 week high of $13.46. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.44 and a current ratio of 0.75. The company has a market capitalization of $8.21 billion, a PE ratio of 16.89, a PEG ratio of 8.54 and a beta of 1.90. The company has a 50 day moving average price of $10.92 and a two-hundred day moving average price of $11.58.
Insider Buying and Selling at Coty
In other news, Director Maria Asunicion Aramburuzabala bought 500,000 shares of the stock in a transaction on Thursday, September 28th. The stock was purchased at an average price of $10.80 per share, with a total value of $5,400,000.00. Following the completion of the purchase, the director now owns 1,425,000 shares of the company’s stock, valued at $15,390,000. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Maria Asunicion Aramburuzabala acquired 500,000 shares of the stock in a transaction dated Thursday, September 28th. The stock was bought at an average price of $10.80 per share, with a total value of $5,400,000.00. Following the completion of the transaction, the director now directly owns 1,425,000 shares of the company’s stock, valued at $15,390,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Isabelle Parize acquired 20,500 shares of the stock in a transaction dated Wednesday, October 4th. The shares were bought at an average cost of $10.29 per share, with a total value of $210,945.00. Following the transaction, the director now directly owns 56,725 shares of the company’s stock, valued at $583,700.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 3,525,275 shares of company stock valued at $38,061,083. Corporate insiders own 5.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on COTY. Barclays reduced their target price on shares of Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 12th. JPMorgan Chase & Co. reduced their target price on shares of Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $14.00 target price on shares of Coty in a research report on Wednesday, August 23rd. Citigroup reduced their target price on shares of Coty from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 11th. Finally, TD Cowen began coverage on shares of Coty in a research report on Tuesday, October 17th. They set a “market perform” rating and a $11.00 target price on the stock. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.51.
View Our Latest Analysis on Coty
About Coty
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.
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