Jefferies Group buys $31,359,040 stake in Coty Inc (COTY)

Coty Inc (COTY) : Jefferies Group scooped up 1,065,995 additional shares in Coty Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,082,466 shares of Coty Inc which is valued at $31,359,040.Coty Inc makes up approximately 1.07% of Jefferies Group’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies reduced its stake in COTY by selling 1,244,700 shares or 91.3% in the most recent quarter. The Hedge Fund company now holds 118,600 shares of COTY which is valued at $3,435,842. Coty Inc makes up approx 0.01% of Renaissance Technologies’s portfolio.Blackrock Investment Management reduced its stake in COTY by selling 8,971 shares or 31.24% in the most recent quarter. The Hedge Fund company now holds 19,741 shares of COTY which is valued at $571,897.Vanguard Group Inc boosted its stake in COTY in the latest quarter, The investment management firm added 75,688 additional shares and now holds a total of 3,946,976 shares of Coty Inc which is valued at $114,343,895. Coty Inc makes up approx 0.01% of Vanguard Group Inc’s portfolio.

Coty Inc closed down -0.08 points or -0.29% at $27.45 with 7,79,067 shares getting traded on Monday. Post opening the session at $27.04, the shares hit an intraday low of $26.95 and an intraday high of $27.98 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Coty Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $0.06. The company had revenue of $1075.60 million for the quarter, compared to analysts expectations of $1050.32 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of men’s and women’s products and include fashion designer celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics consisting of lip eye and other facial color products. Skin & Body Care products include shower gels deodorants skin care and sun treatment products. The Company’s top 10 brands include adidas Calvin Klein Chloe Davidoff Marc Jacobs OPI philosophy Playboy Rimmel and Sally Hansen.

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