JGP Global Gestao de Recursos Ltda. Has $17.09 Million Stake in Avon Products, Inc. (NYSE:AVP)

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JGP Global Gestao de Recursos Ltda. raised its holdings in shares of Avon Products, Inc. (NYSE:AVP) by 43.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,884,427 shares of the company’s stock after purchasing an additional 1,184,427 shares during the quarter. Avon Products accounts for about 9.4% of JGP Global Gestao de Recursos Ltda.’s portfolio, making the stock its 4th largest position. JGP Global Gestao de Recursos Ltda.’s holdings in Avon Products were worth $17,091,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AVP. Osborn Williams & Donohoe LLC bought a new position in Avon Products during the second quarter valued at $44,000. Cetera Advisor Networks LLC bought a new position in Avon Products during the second quarter valued at $48,000. Cerebellum GP LLC bought a new position in Avon Products during the third quarter valued at $49,000. Weiss Asset Management LP bought a new position in Avon Products during the second quarter valued at $72,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in Avon Products by 29.9% during the second quarter. Nomura Asset Management Co. Ltd. now owns 20,000 shares of the company’s stock valued at $78,000 after purchasing an additional 4,600 shares during the last quarter. Institutional investors and hedge funds own 70.05% of the company’s stock.

In other news, VP Laura Barbrook sold 15,261 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $4.21, for a total value of $64,248.81. Following the sale, the vice president now owns 15,261 shares of the company’s stock, valued at $64,248.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.95% of the company’s stock.

Several research firms have commented on AVP. ValuEngine lowered shares of Avon Products from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. Barclays reissued a “hold” rating and issued a $4.00 target price on shares of Avon Products in a research note on Sunday, August 4th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $3.72.

Shares of AVP traded up $0.05 during midday trading on Wednesday, hitting $4.19. The stock had a trading volume of 1,222,864 shares, compared to its average volume of 5,125,164. Avon Products, Inc. has a 1 year low of $1.30 and a 1 year high of $4.88. The firm has a market cap of $1.86 billion, a PE ratio of 139.50, a price-to-earnings-growth ratio of 2.91 and a beta of 1.72. The stock’s 50 day moving average is $4.37 and its 200 day moving average is $3.88.

Avon Products (NYSE:AVP) last announced its earnings results on Thursday, August 1st. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Avon Products had a negative net margin of 0.30% and a negative return on equity of 10.92%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The business’s revenue for the quarter was down 13.4% on a year-over-year basis. As a group, sell-side analysts predict that Avon Products, Inc. will post 0.2 earnings per share for the current year.

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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