York Capital Management Global Advisors LLC Trimmed Stake in Coty INC (COTY) by $14.91 Million as Stock Value Declined

December 8, 2017 - By Louis Casey

Investors sentiment decreased to 1.14 in Q2 2017. Its down 0.18, from 1.32 in 2017Q1. It is 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. First Manhattan Com holds 0.99% or 6.20M shares. Sumitomo Mitsui Asset Mgmt Limited has 0.01% invested in Coty Inc. (NYSE:COTY). Aberdeen Asset Mgmt Public Lc Uk reported 0.01% of its portfolio in Coty Inc. (NYSE:COTY). Css Ltd Liability Corp Il has invested 0.2% in Coty Inc. (NYSE:COTY). First Personal Financial Services accumulated 14,004 shares. Pnc Services Group Inc reported 67,901 shares or 0% of all its holdings. 31 were accumulated by Shine Investment Advisory Svcs. Fmr Ltd Com holds 0.15% or 63.43 million shares. Exxonmobil Investment Mgmt Inc Tx invested in 90,434 shares. Raymond James invested in 1.65M shares or 0.07% of the stock. Arrowmark Colorado Liability Com owns 332,116 shares. 6,057 are held by Rampart Investment Mngmt Ltd Com. Seatown Hldg Pte Limited reported 0.89% of its portfolio in Coty Inc. (NYSE:COTY). Toronto Dominion Bancorp has invested 0.01% in Coty Inc. (NYSE:COTY). Ameritas Investment Partners holds 11,150 shares or 0.01% of its portfolio.

Since June 14, 2017, it had 4 insider buys, and 0 selling transactions for $1.51 million activity. On Friday, June 16 the insider HARF PETER bought $503,447. 13,461 Coty Inc. (NYSE:COTY) shares with value of $255,072 were bought by Froidefond Sebastien.

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 $92.27M, down from 5.75M 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 3.99M 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 $4.79 billion US Long portfolio, upped its stake in Patterson Uti Energy Inc (NASDAQ:PTEN) by 623,333 shares to 803,713 shares, valued at $16.23 million in 2017Q2, according to the filing. It also increased its holding in Level 3 Communications Inc (NYSE:LVLT) by 974,832 shares in the quarter, for a total of 4.35M shares, and has risen its stake in Broadcom Ltd.

Analysts await Coty Inc. (NYSE:COTY) to report earnings on February, 8. They expect $0.23 earnings per share, 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 earnings per share 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: Fool.com which released: “Why Coty Inc. Stock Jumped 21% Thursday” on November 09, 2017, also Investorplace.com published article titled: “Coty Inc Stock Soars on Q1 Earnings Beat”, Nasdaq.com published: “Coty Inc. (COTY) Ex-Dividend Date Scheduled for November 29, 2017” on November 28, 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. The rating was maintained by DA Davidson with “Neutral” on Friday, November 10. BMO Capital Markets maintained Coty Inc. (NYSE:COTY) on Wednesday, April 5 with “Buy” rating. BMO Capital Markets initiated Coty Inc. (NYSE:COTY) on Friday, December 16 with “Outperform” rating. The stock has “Hold” rating by JP Morgan on Thursday, August 27. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, October 3. JP Morgan downgraded Coty Inc. (NYSE:COTY) on Tuesday, August 25 to “Overweight” rating. The stock of Coty Inc. (NYSE:COTY) has “Buy” rating given on Friday, November 6 by Deutsche Bank. The firm has “Buy” rating given on Wednesday, August 23 by Deutsche Bank. The company was downgraded on Monday, November 30 by Morgan Stanley. Morgan Stanley reinitiated Coty Inc. (NYSE:COTY) rating on Tuesday, November 1. Morgan Stanley has “Equal-Weight” rating and $24 target.

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