As Coty INC (COTY) Valuation Declined, Shareholder York Capital Management Global Advisors LLC Lowered Stake

December 8, 2017 - By Marie Mckinney

Investors sentiment decreased to 1.14 in Q2 2017. Its down 0.18, from 1.32 in 2017Q1. It turned negative, as 37 investors sold COTY shares while 100 reduced holdings. 53 funds opened positions while 103 raised stakes. 483.48 million shares or 0.77% more from 479.78 million shares in 2017Q1 were reported. Aperio Ltd Liability has 0.01% invested in Coty Inc. (NYSE:COTY) for 125,696 shares. Mason Street Advsr Llc holds 0.03% or 65,371 shares. Jabre has 1.12% invested in Coty Inc. (NYSE:COTY). Riverhead Limited Liability Co has invested 0.02% of its portfolio in Coty Inc. (NYSE:COTY). Msd Partners LP has invested 6.89% in Coty Inc. (NYSE:COTY). Credit Agricole S A invested in 0.08% or 1.33M shares. Ngam Advsrs Limited Partnership has 204,266 shares for 0.04% of their portfolio. Dekabank Deutsche Girozentrale stated it has 0.01% in Coty Inc. (NYSE:COTY). 6.20M are held by First Manhattan. New York-based Evercore Wealth Ltd Liability Com has invested 0% in Coty Inc. (NYSE:COTY). Capstone Investment Advsrs Llc has invested 0.05% of its portfolio in Coty Inc. (NYSE:COTY). 11,000 are held by Quantres Asset Mngmt Limited. Guardian Life Ins Comm Of America holds 0% in Coty Inc. (NYSE:COTY) or 1,065 shares. Loring Wolcott And Coolidge Fiduciary Advisors Llp Ma has invested 0% in Coty Inc. (NYSE:COTY). Verition Fund Ltd Liability Com owns 75,882 shares.

Since June 14, 2017, it had 4 insider buys, and 0 insider sales for $1.51 million activity. HARF PETER had bought 26,500 shares worth $503,447. On Wednesday, June 14 McMullen Greerson Greene bought $390,224 worth of Coty Inc. (NYSE:COTY) or 20,200 shares.

James Dinan decreased its stake in Coty Inc (COTY) by 14.41% based on its latest 2017Q2 regulatory filing with the SEC. York Capital Management Global Advisors Llc sold 828,175 shares as the company’s stock declined 0.74% while stock markets rallied. The hedge fund run by James Dinan held 4.92M shares of the package goods and cosmetics company at the end of 2017Q2, valued at $92.27 million, down from 5.75 million at the end of the previous reported quarter. York Capital Management Global Advisors Llc who had been investing in Coty Inc for a number of months, seems to be less bullish one the $13.19 billion market cap company. The stock decreased 0.17% or $0.03 during the last trading session, reaching $17.6. About 3.99 million shares traded. Coty Inc. (NYSE:COTY) has declined 25.39% since December 8, 2016 and is downtrending. It has underperformed by 42.09% the S&P500.

York Capital Management Global Advisors Llc, which manages about $4.79B US Long portfolio, upped its stake in Western Digital Corp (NASDAQ:WDC) by 34,657 shares to 140,347 shares, valued at $12.44 million in 2017Q2, according to the filing. It also increased its holding in Broadcom Ltd (Call) by 37,100 shares in the quarter, for a total of 48,400 shares, and has risen its stake in Level 3 Communications Inc (NYSE:LVLT).

Analysts await Coty Inc. (NYSE:COTY) to report earnings on February, 8. They expect $0.23 EPS, down 23.33 % or $0.07 from last year’s $0.3 per share. COTY’s profit will be $172.38 million for 19.13 P/E if the $0.23 EPS becomes a reality. After $0.10 actual EPS reported by Coty Inc. for the previous quarter, Wall Street now forecasts 130.00 % EPS growth.

More important recent Coty Inc. (NYSE:COTY) news were published by: Investorplace.com which released: “Coty Inc Stock Soars on Q1 Earnings Beat” on November 09, 2017, also Nasdaq.com published article titled: “Coty Inc. (COTY) Ex-Dividend Date Scheduled for November 29, 2017”, Fool.com published: “Why Coty Inc. Stock Jumped 21% Thursday” on November 09, 2017. More interesting news about Coty Inc. (NYSE:COTY) was released by: Nasdaq.com and their article: “Coty Inc. (COTY) Beats on Q1 Earnings & Revenues Estimates” with publication date: November 09, 2017.

Coty Inc. (NYSE:COTY) Ratings Coverage

Among 15 analysts covering Coty (NYSE:COTY), 4 have Buy rating, 2 Sell and 9 Hold. Therefore 27% are positive. Coty had 46 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of COTY in report on Friday, October 20 with “Hold” rating. Piper Jaffray maintained the shares of COTY in report on Friday, August 14 with “Hold” rating. The firm earned “Sell” rating on Wednesday, August 30 by Berenberg. The rating was maintained by B. Riley & Co with “Sell” on Friday, August 14. As per Monday, November 30, the company rating was downgraded by Morgan Stanley. The company was maintained on Tuesday, August 22 by KeyBanc Capital Markets. The firm has “Neutral” rating given on Friday, November 10 by DA Davidson. As per Thursday, February 4, the company rating was maintained by Citigroup. As per Wednesday, August 23, the company rating was maintained by Deutsche Bank. The rating was maintained by Deutsche Bank on Friday, November 6 with “Buy”.

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