Coty Inc: Jab Cosmetics B.V. Bought Stake

February 14, 2018 - By Henry Gaston

 Coty Inc: Jab Cosmetics B.V. Bought Stake

Investors sentiment increased to 1.17 in Q3 2017. Its up 0.03, from 1.14 in 2017Q2. It is positive, as 36 investors sold Coty Inc. shares while 91 reduced holdings. 39 funds opened positions while 110 raised stakes. 510.97 million shares or 5.68% more from 483.48 million shares in 2017Q2 were reported.

Louisiana State Employees Retirement Sys reported 29,500 shares or 0.02% of all its holdings. State Board Of Administration Of Florida Retirement Systems reported 543,209 shares. Nordea Investment Ab invested 0% of its portfolio in Coty Inc. (NYSE:COTY). Cibc Ww holds 75,231 shares or 0.01% of its portfolio. The Illinois-based Css Limited Liability Co Il has invested 0.14% in Coty Inc. (NYSE:COTY). Kentucky Retirement Trust Fund reported 12,455 shares. Twin Tree Management Limited Partnership stated it has 0% in Coty Inc. (NYSE:COTY). The Michigan-based World Asset has invested 0.02% in Coty Inc. (NYSE:COTY). Blair William & Company Il holds 0% or 28,504 shares in its portfolio. State Treasurer State Of Michigan owns 0.02% invested in Coty Inc. (NYSE:COTY) for 143,089 shares. Moreover, Private Ocean Limited Co has 0.01% invested in Coty Inc. (NYSE:COTY). Cohen And Steers has invested 0% of its portfolio in Coty Inc. (NYSE:COTY). Ingalls & Snyder Ltd reported 58,940 shares. Geode Cap Mngmt holds 4.80 million shares or 0.03% of its portfolio. Greenleaf, Michigan-based fund reported 586 shares.

Since August 24, 2017, it had 1 insider purchase, and 0 insider sales for $42.38 million activity.

The New Jab Cosmetics B.V. Holding in Coty Inc

Jab Cosmetics B.V. reported SC 13G/A form with the SEC for Coty Inc. Access it here: 000134100418000120. As reported by Jab Cosmetics B.V., the filler owns 38.14% or 286,008,041 shares of the Consumer Staples–company.

Coty Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Jab Cosmetics B.V.’s positive view for Coty Inc.

Coty Inc Institutional Sentiment

Filings show 147 investors own Coty Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 2785289. 67105701 were owned by these investors. 29 funds opened new Coty Inc stakes, 54 increased positions. There were 38 that closed positions and 52 reduced them.

6 investors had the stock in their top 10. Some are: Msd Partners L.P., Dynamo Internacional Gestao De Recursos Ltda., Ivory Investment Management Llc..

Marlowe Partners Lp is an investor bullish on Coty Inc, owning 254065 shares as of Q3 2015 for 4.51% of its portfolio. Permian Investment Partners Lp owns 907753 shares or 5.83% of its portfolio. NY Ratan Capital Management Lp have 13.72% of its portfolio for 2320033 shares. Further, Adi Capital Management Llc reported stake worth 9.35% of its portfolio. The D5 Dynamo Internacional Gestao De Recursos Ltda owns 2612044 shares. Coty Inc is 21.11% of its portfolio.

Business Profile

Coty Inc. is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli. Its color cosmetics products include lip, eye, nail and facial color products. The brands in its Color Cosmetics segment include Bourjois, Rimmel, Sally Hansen and OPI. Its skin & body care products include shower gels, deodorants, skin care and sun treatment products. Its skin & body care brands are adidas, Lancaster, philosophy and Playboy. The Company, through Hypermarcas S.A., engages in personal care and beauty business. The Brazil Acquisition segment includes product groupings, such as skin care, nail care, deodorants and hair care products. It operates in the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific.

SEC Form 13G.

The stock increased 0.69% or $0.14 during the last trading session, reaching $20.56. About 7.35M shares traded or 43.50% up from the average. Coty Inc. (NYSE:COTY) has declined 25.39% since February 14, 2017 and is downtrending. It has underperformed by 42.09% the S&P500.

Coty Inc., together with its subsidiaries, makes, markets, sells, and distributes beauty products worldwide. The company has market cap of $15.41 billion. It operates in three divisions: Consumer Beauty, Luxury, and Professional Beauty. It currently has negative earnings. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

Coty Inc. (NYSE:COTY) Ratings Coverage

Among 16 analysts covering Coty (NYSE:COTY), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Coty has $33 highest and $16 lowest target. $20.56’s average target is 0.00% above currents $20.56 stock price. Coty had 53 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Monday, August 17 with “Buy”. BMO Capital Markets maintained Coty Inc. (NYSE:COTY) rating on Tuesday, August 22. BMO Capital Markets has “Buy” rating and $24.0 target. The firm earned “Buy” rating on Monday, October 24 by Stifel Nicolaus. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, October 3. The stock of Coty Inc. (NYSE:COTY) has “Outperform” rating given on Thursday, December 21 by RBC Capital Markets. The stock has “Hold” rating by JP Morgan on Thursday, August 27. The stock of Coty Inc. (NYSE:COTY) has “Hold” rating given on Tuesday, August 22 by KeyBanc Capital Markets. Piper Jaffray maintained the shares of COTY in report on Friday, August 14 with “Hold” rating. The firm has “Hold” rating given on Friday, November 18 by Berenberg. The stock has “Buy” rating by Bank of America on Monday, October 3.

More notable recent Coty Inc. (NYSE:COTY) news were published by: Streetinsider.com which released: “Coty Inc. (COTY) PT Raised to $23 at Stifel” on February 09, 2018, also Fool.com with their article: “Why Coty Inc. Stock Jumped Thursday” published on February 08, 2018, Businesswire.com published: “Coty Inc. to Webcast Second Quarter Fiscal 2018 Financial Results on February …” on January 22, 2018. More interesting news about Coty Inc. (NYSE:COTY) were released by: Nasdaq.com and their article: “Earnings Reaction History: Coty Inc., 50.0% Follow-Through Indicator, 6.3 …” published on February 08, 2018 as well as Businesswire.com‘s news article titled: “Coty Inc. Reports Second Quarter Fiscal 2018 Results” with publication date: February 08, 2018.

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