Oz Management LP Has Trimmed Its Holding in Coty INC (COTY) by $8.13 Million

Coty Inc. (NYSE:COTY) LogoInvestors sentiment decreased to 0.42 in Q2 2019. Its down 0.63, from 1.05 in 2019Q1. It dived, as 46 investors sold COTY shares while 154 reduced holdings. 46 funds opened positions while 38 raised stakes. 279.71 million shares or 48.41% less from 542.20 million shares in 2019Q1 were reported. Cetera Advisor Ltd Liability Company holds 0.01% or 12,233 shares in its portfolio. Bb&T Secs Lc accumulated 52,751 shares or 0.01% of the stock. Whittier Tru Co Of Nevada reported 0% of its portfolio in Coty Inc. (NYSE:COTY). Andra Ap has 235,100 shares. Fifth Third Retail Bank owns 0% invested in Coty Inc. (NYSE:COTY) for 5,291 shares. Voya Investment Management Ltd Liability Com has 136,387 shares for 0% of their portfolio. Oregon Employees Retirement Fund invested in 0.05% or 251,726 shares. Adage Prtnrs Grp Inc Ltd Liability Corporation accumulated 356,144 shares. Weiss Multi holds 0.06% in Coty Inc. (NYSE:COTY) or 175,000 shares. D E Shaw Incorporated holds 1.27M shares. Charles Schwab Mngmt invested 0.02% in Coty Inc. (NYSE:COTY). Connor Clark Lunn Management stated it has 0% of its portfolio in Coty Inc. (NYSE:COTY). Swiss Bank holds 0.01% or 981,429 shares in its portfolio. Alliancebernstein Limited Partnership accumulated 552,114 shares. 20.25M were reported by Franklin Inc.

Since May 29, 2019, it had 6 insider purchases, and 0 sales for $27.74 million activity. Goudet Olivier bought $476,380 worth of Coty Inc. (NYSE:COTY) on Friday, August 30. Hughes Fiona also bought $2.06M worth of Coty Inc. (NYSE:COTY) on Thursday, September 5. On Friday, August 30 the insider Laubies Pierre bought $2.50 million. $325,962 worth of Coty Inc. (NYSE:COTY) was bought by Singer Robert S on Friday, August 30.

Oz Management Lp decreased its stake in Coty Inc (COTY) by 7.75% based on its latest 2019Q2 regulatory filing with the SEC. Oz Management Lp sold 508,208 shares as the company’s stock rose 0.65% . The hedge fund held 6.05 million shares of the package goods and cosmetics company at the end of 2019Q2, valued at $100.03M, down from 6.56M at the end of the previous reported quarter. Oz Management Lp who had been investing in Coty Inc for a number of months, seems to be less bullish one the $7.97 billion market cap company. The stock increased 4.97% or $0.5 during the last trading session, reaching $10.57. About 3.47 million shares traded. Coty Inc. (NYSE:COTY) has declined 19.19% since October 12, 2018 and is downtrending. It has underperformed by 19.19% the S&P500.

Oz Management Lp, which manages about $56.28B and $20.39 billion US Long portfolio, upped its stake in Twilio Inc (Put) by 136,800 shares to 361,800 shares, valued at $10.80 million in 2019Q2, according to the filing. It also increased its holding in T Mobile Us Inc (NYSE:TMUS) by 159,624 shares in the quarter, for a total of 1.89M shares, and has risen its stake in Bank Amer Corp (NYSE:BAC).

Analysts await Coty Inc. (NYSE:COTY) to report earnings on November, 6. They expect $0.08 EPS, down 27.27 % or $0.03 from last year’s $0.11 per share. COTY’s profit will be $60.34M for 33.03 P/E if the $0.08 EPS becomes a reality. After $0.16 actual EPS reported by Coty Inc. for the previous quarter, Wall Street now forecasts -50.00 % negative EPS growth.

More notable recent Coty Inc. (NYSE:COTY) news were published by: Seekingalpha.com which released: “Coty sets turnaround plan – Seeking Alpha” on July 01, 2019, also Finance.Yahoo.com with their article: “Notable Insider Buys In The Past Week: Coty And Sunrun – Yahoo Finance” published on September 15, 2019, Finance.Yahoo.com published: “Is Coty Inc (COTY) A Good Stock To Buy? – Yahoo Finance” on June 20, 2019. More interesting news about Coty Inc. (NYSE:COTY) were released by: Fool.com and their article: “Why Coty Stock Lost 67% Last Year – The Motley Fool” published on January 14, 2019 as well as Fool.com‘s news article titled: “Why Coty Stock Gained 10.1% Last Month – Motley Fool” with publication date: October 06, 2019.

Coty Inc. (NYSE:COTY) Ratings Coverage

Among 6 analysts covering Coty (NYSE:COTY), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Coty has $1700 highest and $900 lowest target. $11.25’s average target is 6.43% above currents $10.57 stock price. Coty had 12 analyst reports since April 16, 2019 according to SRatingsIntel. The stock of Coty Inc. (NYSE:COTY) has “Market Perform” rating given on Tuesday, April 16 by Wells Fargo. Stifel Nicolaus maintained the shares of COTY in report on Tuesday, August 20 with “Hold” rating. The stock of Coty Inc. (NYSE:COTY) earned “Neutral” rating by Bank of America on Thursday, August 29. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, August 29. The stock of Coty Inc. (NYSE:COTY) earned “Neutral” rating by DA Davidson on Friday, August 30. The company was maintained on Tuesday, July 2 by DA Davidson. Wells Fargo maintained the shares of COTY in report on Thursday, August 29 with “Market Perform” rating.

Coty Inc. (NYSE:COTY) Institutional Positions Chart

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