Numina Capital Management adds Coty Inc (COTY) to its portfolio

Coty Inc (COTY) : Numina Capital Management added new position in Coty Inc during the most recent quarter end. The investment management firm now holds 1,025,500 shares of Coty Inc which is valued at $18,705,120 , the company said in a statement filed on Nov 14, 2016 with the SEC.Coty Inc makes up approximately 5.42% of Numina Capital Management’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in COTY in the latest quarter, The investment management firm added 9,007 additional shares and now holds a total of 36,710 shares of Coty Inc which is valued at $669,590. Oz Management Lp added COTY to its portfolio by purchasing 1,934,833 company shares during the most recent quarter which is valued at $35,891,152. Coty Inc makes up approx 0.35% of Oz Management Lp’s portfolio.Tiaa Cref Investment Management reduced its stake in COTY by selling 105,539 shares or 48.19% in the most recent quarter. The Hedge Fund company now holds 113,476 shares of COTY which is valued at $2,520,302. Airain Ltd added COTY to its portfolio by purchasing 238,625 company shares during the most recent quarter which is valued at $5,299,861. Coty Inc makes up approx 0.33% of Airain Ltd’s portfolio.Hosking Partners Llp boosted its stake in COTY in the latest quarter, The investment management firm added 17,420 additional shares and now holds a total of 141,080 shares of Coty Inc which is valued at $3,153,138. Coty Inc makes up approx 0.11% of Hosking Partners Llp’s portfolio.

Coty Inc opened for trading at $18.9 and hit $18.97 on the upside on Monday, eventually ending the session at $18.75, with a gain of 0.81% or 0.15 points. The heightened volatility saw the trading volume jump to 66,08,375 shares. Company has a market cap of $13,994 M.

On the company’s financial health, Coty Inc reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Nov 9, 2016. Analyst had a consensus of $0.33. The company had revenue of $1080.00 million for the quarter, compared to analysts expectations of $1135.53 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Coty Inc. Coty Inc was Upgraded by Berenberg to ” Hold” on Nov 18, 2016. Coty Inc was Resumed by Morgan Stanley to “Equal-Weight” on Nov 1, 2016. Shares were Reiterated by Stifel on Oct 24, 2016 to “Buy” and Lowered the Price Target to $ 29 from a previous price target of $32 .

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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