SG Americas Securities LLC Sells 2,158,319 Shares of Coty Inc (NYSE:COTY)

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SG Americas Securities LLC cut its holdings in shares of Coty Inc (NYSE:COTY) by 93.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 161,297 shares of the company’s stock after selling 2,158,319 shares during the period. SG Americas Securities LLC’s holdings in Coty were worth $2,161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COTY. Thor Advisors LLC bought a new position in shares of Coty during the first quarter valued at approximately $26,000. CENTRAL TRUST Co bought a new position in shares of Coty during the second quarter valued at approximately $43,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Coty during the fourth quarter valued at approximately $80,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Coty by 384.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,774 shares of the company’s stock valued at $89,000 after purchasing an additional 6,169 shares in the last quarter. Finally, Cleararc Capital Inc. bought a new position in shares of Coty during the first quarter valued at approximately $126,000. Hedge funds and other institutional investors own 70.94% of the company’s stock.

A number of research firms have recently issued reports on COTY. DA Davidson dropped their price objective on shares of Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Exane BNP Paribas assumed coverage on shares of Coty in a research note on Tuesday, June 4th. They set an “outperform” rating and a $17.00 price objective on the stock. Citigroup downgraded shares of Coty from a “neutral” rating to a “sell” rating and lowered their target price for the company from $14.00 to $10.00 in a research note on Tuesday, July 2nd. Wells Fargo & Co restated a “hold” rating and issued a $11.00 target price on shares of Coty in a research note on Wednesday, May 8th. Finally, BMO Capital Markets raised their target price on shares of Coty to $15.00 and gave the company a “positive” rating in a research note on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $12.77.

In other news, Director Peter Harf bought 309,222 shares of the stock in a transaction on Tuesday, May 28th. The stock was bought at an average cost of $13.04 per share, for a total transaction of $4,032,254.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

Shares of COTY opened at $9.01 on Friday. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 2.14 and a beta of 0.69. Coty Inc has a twelve month low of $5.91 and a twelve month high of $14.14. The company has a quick ratio of 0.62, a current ratio of 0.95 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $11.10 and a two-hundred day moving average of $11.44.

Coty 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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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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