Thunderbird Partners Llp Lowers stake in Coty Inc (COTY)

Coty Inc (COTY) : Thunderbird Partners Llp reduced its stake in Coty Inc by 0.06% during the most recent quarter end. The investment management company now holds a total of 1,116,334 shares of Coty Inc which is valued at $32,340,196 after selling 700 shares in Coty Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Coty Inc makes up approximately 3.97% of Thunderbird Partners Llp’s portfolio.

Other Hedge Funds, Including , Sessa Capital Im sold out all of its stake in COTY during the most recent quarter. The investment firm sold 72,885 shares of COTY which is valued $2,111,478. Pacad Investment Ltd. sold out all of its stake in COTY during the most recent quarter. The investment firm sold 12,200 shares of COTY which is valued $353,434.Alliancebernstein boosted its stake in COTY in the latest quarter, The investment management firm added 5,400 additional shares and now holds a total of 53,117 shares of Coty Inc which is valued at $1,538,799.

Coty Inc closed down -1.24 points or -4.60% at $25.71 with 31,46,825 shares getting traded on Thursday. Post opening the session at $26.64, the shares hit an intraday low of $25.55 and an intraday high of $26.8 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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