Coty Inc (COTY) : Dynamo Internacional Gestao De Recursos Ltda. scooped up 116,200 additional shares in Coty Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,003,247 shares of Coty Inc which is valued at $25.6 Million.Coty Inc makes up approximately 4.87% of Dynamo Internacional Gestao De Recursos Ltda.’s portfolio.
Other Hedge Funds, Including , Clinton Group Inc boosted its stake in COTY in the latest quarter, The investment management firm added 22,568 additional shares and now holds a total of 87,967 shares of Coty Inc which is valued at $2.2 Million. Coty Inc makes up approx 0.14% of Clinton Group Inc’s portfolio.Convergence Investment Partners reduced its stake in COTY by selling 10,922 shares or 5.32% in the most recent quarter. The Hedge Fund company now holds 194,299 shares of COTY which is valued at $5 Million. Coty Inc makes up approx 0.60% of Convergence Investment Partners’s portfolio.Blackrock Advisors reduced its stake in COTY by selling 895 shares or 2.2% in the most recent quarter. The Hedge Fund company now holds 39,870 shares of COTY which is valued at $1 Million. Zweig-dimenna Associates sold out all of its stake in COTY during the most recent quarter. The investment firm sold 9,000 shares of COTY which is valued $229,500.State Of Wisconsin Investment Board reduced its stake in COTY by selling 6,050 shares or 10.05% in the most recent quarter. The Hedge Fund company now holds 54,160 shares of COTY which is valued at $1.5 Million. Coty Inc makes up approx 0.01% of State Of Wisconsin Investment Board’s portfolio.
Coty Inc closed down -0.31 points or -1.19% at $25.75 with 9,45,536 shares getting traded on Wednesday. Post opening the session at $26.19, the shares hit an intraday low of $25.69 and an intraday high of $26.3107 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Coty Inc reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.12. The company had revenue of $950.70 million for the quarter, compared to analysts expectations of $970.73 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
Many Wall Street Analysts have commented on Coty Inc. Shares were Reiterated by Barclays on May 5, 2016 to “Equal Weight” and Lowered the Price Target to $ 26 from a previous price target of $27 .Shares were Reiterated by Stifel on May 4, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $33 .Coty Inc was Downgraded by BofA/Merrill to ” Neutral” on Apr 18, 2016.
Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of mens and womens products and include fashion designer celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics consisting of lip eye and other facial color products. Skin & Body Care products include shower gels deodorants skin care and sun treatment products. The Companys top 10 brands include adidas Calvin Klein Chloe Davidoff Marc Jacobs OPI philosophy Playboy Rimmel and Sally Hansen.