On April 14, 2023 at 10:47:14 ET an unusually large $32.70K block of Call contracts in Coty (COTY) was bought, with a strike price of $15.00 / share, expiring in 126 day(s) (on August 18, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 4.39 sigmas above the mean, placing it in the 99.98th percentile of all recent large trades made in COTY options.

This trade was first picked up on Fintel’s real time Unusual Option Trades tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 646 funds or institutions reporting positions in Coty. This is an increase of 33 owner(s) or 5.38% in the last quarter. Average portfolio weight of all funds dedicated to COTY is 0.14%, an increase of 21.09%. Total shares owned by institutions increased in the last three months by 4.46% to 378,155K shares. The put/call ratio of COTY is 1.57, indicating a bearish outlook.

Analyst Price Forecast Suggests 0.64% Upside

As of April 6, 2023, the average one-year price target for Coty is $12.26. The forecasts range from a low of $8.33 to a high of $15.75. The average price target represents an increase of 0.64% from its latest reported closing price of $12.18.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Coty is $5,368MM, an increase of 1.90%. The projected annual non-GAAP EPS is $0.32.

What are Other Shareholders Doing?

USCAX – Small Cap Stock Fund Shares holds 208K shares representing 0.02% ownership of the company. In it’s prior filing, the firm reported owning 210K shares, representing a decrease of 0.85%. The firm increased its portfolio allocation in COTY by 40.48% over the last quarter.

Jane Street Group holds 465K shares representing 0.05% ownership of the company. In it’s prior filing, the firm reported owning 346K shares, representing an increase of 25.63%. The firm increased its portfolio allocation in COTY by 92.49% over the last quarter.

Capital Fund Management holds 977K shares representing 0.11% ownership of the company. In it’s prior filing, the firm reported owning 420K shares, representing an increase of 56.98%. The firm increased its portfolio allocation in COTY by 169.09% over the last quarter.

EverSource Wealth Advisors holds 1K shares representing 0.00% ownership of the company. No change in the last quarter.

AALGX – Thrivent Global Stock Fund holds 187K shares representing 0.02% ownership of the company. In it’s prior filing, the firm reported owning 20K shares, representing an increase of 89.26%. The firm increased its portfolio allocation in COTY by 1,170.55% over the last quarter.

Coty Background Information
(This description is provided by the company.)

Coty is one of the world’s largest beauty companies with an iconic portfolio of brands across fragrance, color cosmetics, and skin and body care. Coty is the global leader in fragrance, and number three in color cosmetics. Coty’s products are sold in over 150 countries around the world. Coty and its brands are committed to a range of social causes as well as seeking to minimize its impact on the environment.

See all Coty regulatory filings.

This article originally appeared on Fintel

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