Coty INC (COTY) Share Value Rose While Millennium Management LLC Lifted Position by $442.43 Million

Coty Inc. (NYSE:COTY) LogoInvestors sentiment decreased to 1.05 in Q1 2019. Its down 0.54, from 1.59 in 2018Q4. It worsened, as 40 investors sold COTY shares while 104 reduced holdings. 59 funds opened positions while 92 raised stakes. 542.20 million shares or 11.59% more from 485.89 million shares in 2018Q4 were reported. Ls Advsrs Ltd Liability Corp holds 65,845 shares. Jackson Wealth Ltd Liability Company reported 1.48% stake. Summit Secs Group stated it has 0.18% in Coty Inc. (NYSE:COTY). Cibc World Mkts Corp stated it has 365,775 shares or 0.03% of all its holdings. Axa holds 0% in Coty Inc. (NYSE:COTY) or 12,113 shares. Swiss Bancorporation accumulated 1.63M shares. 142,517 were accumulated by Amp Cap Limited. Winslow Evans Crocker Inc has invested 0% in Coty Inc. (NYSE:COTY). Ruffer Limited Liability Partnership owns 45,000 shares for 0.01% of their portfolio. Moreover, Zeke Advsr Limited Liability Corporation has 0.02% invested in Coty Inc. (NYSE:COTY). Moreover, Deutsche National Bank & Trust Ag has 0.14% invested in Coty Inc. (NYSE:COTY) for 19.93M shares. Teachers Retirement Sys Of The State Of Kentucky stated it has 50,750 shares or 0.01% of all its holdings. Proshare Llc accumulated 0% or 53,591 shares. Asset Management invested in 0.01% or 62,211 shares. The Kentucky-based Parthenon Lc has invested 0.25% in Coty Inc. (NYSE:COTY).

Since May 29, 2019, it had 1 buy, and 0 selling transactions for $12.40 million activity.

Millennium Management Llc increased its stake in Coty Inc (COTY) by 107767.3% based on its latest 2019Q1 regulatory filing with the SEC. Millennium Management Llc bought 40.22M shares as the company’s stock rose 18.98% with the market. The hedge fund held 40.26M shares of the package goods and cosmetics company at the end of 2019Q1, valued at $462.97M, up from 37,322 at the end of the previous reported quarter. Millennium Management Llc who had been investing in Coty Inc for a number of months, seems to be bullish on the $8.36B market cap company. The stock decreased 1.07% or $0.12 during the last trading session, reaching $11.12. About 4.79M shares traded. Coty Inc. (NYSE:COTY) has declined 6.08% since July 14, 2018 and is downtrending. It has underperformed by 10.51% the S&P500.

Millennium Management Llc, which manages about $66.82 billion US Long portfolio, decreased its stake in Arch Coal Inc by 218,834 shares to 42,658 shares, valued at $3.89M in 2019Q1, according to the filing. It also reduced its holding in Transocean Ltd (Call) (NYSE:RIG) by 1.27M shares in the quarter, leaving it with 55,700 shares, and cut its stake in Hormel Foods Corp (NYSE:HRL).

More notable recent Coty Inc. (NYSE:COTY) news were published by: Seekingalpha.com which released: “Coty fell 4% on mixed Q3 results – Seeking Alpha” on May 08, 2019, also Investorplace.com with their article: “4 Top Stock Trades for Tuesday: MU, BA, IBM – Investorplace.com” published on July 01, 2019, Businesswire.com published: “INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Coty Inc. Investors (COTY) – Business Wire” on July 01, 2019. More interesting news about Coty Inc. (NYSE:COTY) were released by: Seekingalpha.com and their article: “Coty +20% on earnings beat – Seeking Alpha” published on February 08, 2019 as well as Finance.Yahoo.com‘s news article titled: “Glancy Prongay & Murray LLP Announces Investigation on Behalf of Coty Inc. Investors (COTY) – Yahoo Finance” with publication date: July 01, 2019.

Coty Inc. (NYSE:COTY) Ratings Coverage

Among 3 analysts covering Coty Inc (NYSE:COTY), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Coty Inc had 8 analyst reports since March 5, 2019 according to SRatingsIntel. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, April 16. Citigroup downgraded the stock to “Neutral” rating in Tuesday, April 2 report. The stock has “Neutral” rating by DA Davidson on Tuesday, July 2.

Coty Inc. (NYSE:COTY) Institutional Positions Chart

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