Simplex Trading buys $1,810,580 stake in Coty Inc (COTY)

Coty Inc (COTY) : Simplex Trading scooped up 68,812 additional shares in Coty Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 76,687 shares of Coty Inc which is valued at $1,810,580.Coty Inc makes up approximately 0.24% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa added COTY to its portfolio by purchasing 76,435 company shares during the most recent quarter which is valued at $1,918,519. Coty Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Coty Inc closed down -1.15 points or -4.64% at $23.61 with 8,62,69,329 shares getting traded on Friday. Post opening the session at $24.74, the shares hit an intraday low of $23.5 and an intraday high of $24.74 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Coty Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $0.06. The company had revenue of $1075.60 million for the quarter, compared to analysts expectations of $1050.32 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Coty Inc. Coty Inc was Upgraded by BofA/Merrill to ” Buy” on Oct 3, 2016. Company shares were Upgraded by B. Riley & Co. on Sep 29, 2016 to ” Neutral”, Firm has raised the Price Target to $ 23.25 from a previous price target of $21.50 .Coty Inc was Initiated by Berenberg to “Sell” on Sep 9, 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 men’s and women’s 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 Company’s top 10 brands include adidas Calvin Klein Chloe Davidoff Marc Jacobs OPI philosophy Playboy Rimmel and Sally Hansen.

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