Coty INC (COTY) Shareholder Oz Management LP Has Lowered Position by $8.13 Million as Market Value Rose

Coty Inc. (NYSE:COTY) LogoInvestors sentiment decreased to 0.42 in 2019 Q2. Its down 0.63, from 1.05 in 2019Q1. It turned negative, 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. Nordea Invest Mngmt Ab reported 28,152 shares. Public Employees Retirement Association Of Colorado invested in 0% or 40,201 shares. First Manhattan owns 29,172 shares. Washington Retail Bank stated it has 0.09% in Coty Inc. (NYSE:COTY). Parametric Associate Llc, Washington-based fund reported 3.17M shares. Tarbox Family Office invested in 0% or 236 shares. Prudential Plc has invested 0.01% in Coty Inc. (NYSE:COTY). 442,137 are owned by Aperio Grp Ltd Liability. Kingdon Capital Lc invested in 1.65 million shares. Moreover, Toronto Dominion State Bank has 0% invested in Coty Inc. (NYSE:COTY) for 364,824 shares. Alliancebernstein Limited Partnership, a New York-based fund reported 552,114 shares. Parkside Bank & Trust And Tru holds 0% or 814 shares in its portfolio. Prelude Management Limited Liability Company reported 2,064 shares stake. Huntington Bankshares invested 0% in Coty Inc. (NYSE:COTY). Livforsakringsbolaget Skandia Omsesidigt invested 0.01% of its portfolio in Coty Inc. (NYSE:COTY).

Since May 29, 2019, it had 6 insider buys, and 0 selling transactions for $27.74 million activity. $2.06 million worth of Coty Inc. (NYSE:COTY) was bought by Hughes Fiona. 35,000 shares valued at $325,962 were bought by Singer Robert S on Friday, August 30. $476,380 worth of Coty Inc. (NYSE:COTY) shares were bought by Goudet Olivier. The insider Laubies Pierre bought 262,000 shares worth $2.50M.

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 6.56 million 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 $56.28 billion and $20.39B US Long portfolio, upped its stake in T Mobile Us Inc (NYSE:TMUS) by 159,624 shares to 1.89 million shares, valued at $116.73 million in 2019Q2, according to the filing. It also increased its holding in Under Armour Inc (NYSE:UA) by 249,400 shares in the quarter, for a total of 429,400 shares, and has risen its stake in Stmicroelectronics N V (Call) (NYSE:STM).

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: Businesswire.com which released: “Tiffany & Co. Announces Tiffany & Love, the New Fragrances for Him and for Her – Business Wire” on September 16, 2019, also Finance.Yahoo.com with their article: “Is Coty Inc (COTY) A Good Stock To Buy? – Yahoo Finance” published on June 20, 2019, Fool.com published: “Why Coty Stock Lost 67% Last Year – The Motley Fool” on January 14, 2019. More interesting news about Coty Inc. (NYSE:COTY) were released by: Seekingalpha.com and their article: “Coty sets turnaround plan – Seeking Alpha” published on July 01, 2019 as well as Finance.Yahoo.com‘s news article titled: “Notable Insider Buys In The Past Week: Coty And Sunrun – Yahoo Finance” with publication date: September 15, 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 has “Neutral” rating by DA Davidson on Friday, August 30. The firm earned “Market Perform” rating on Thursday, August 29 by Wells Fargo. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, August 20 report. The stock has “Neutral” rating by DA Davidson on Tuesday, July 2. The firm earned “Market Perform” rating on Tuesday, April 16 by Wells Fargo. Bank of America maintained the stock with “Neutral” rating in Thursday, August 29 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, August 29.

Coty Inc. (NYSE:COTY) Institutional Positions Chart

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