Atlantic Family Wealth LLC Makes New Investment in Coty Inc. (NYSE:COTY)

Atlantic Family Wealth LLC purchased a new position in shares of Coty Inc. (NYSE:COTY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,853 shares of the company’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares in the last quarter. Allworth Financial LP raised its position in Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after acquiring an additional 3,328 shares in the last quarter. R Squared Ltd bought a new stake in Coty during the fourth quarter worth $54,000. Virtu Financial LLC bought a new stake in Coty during the third quarter worth $96,000. Finally, Truist Financial Corp bought a new stake in Coty during the fourth quarter worth $71,000. 42.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COTY. Evercore ISI dropped their price objective on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Stifel Nicolaus dropped their price objective on shares of Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Raymond James dropped their price objective on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Canaccord Genuity Group dropped their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group dropped their price objective on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.17.

Coty Trading Up 1.2 %

Shares of Coty stock opened at $5.72 on Friday. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of -571.50, a PEG ratio of 0.81 and a beta of 1.89. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. Coty Inc. has a 12-month low of $5.42 and a 12-month high of $13.30. The firm’s 50-day moving average price is $6.81 and its two-hundred day moving average price is $7.87.

Coty (NYSE:COTY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. On average, analysts forecast that Coty Inc. will post 0.39 earnings per share for the current fiscal 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.