Avon Products, Inc. ($AVP) Holdings Increased by Gabelli Funds LLC
Posted by Ethan Ryder on Feb 14th, 2018 // No Comments
Avon Products logoGabelli Funds LLC boosted its position in Avon Products, Inc. (NYSE:$AVP) by 28.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 640,000 shares of the company’s stock after purchasing an additional 140,000 shares during the period. Gabelli Funds LLC’s holdings in Avon Products were worth $1,376,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in AVP. Shelton Capital Management acquired a new position in shares of Avon Products in the 2nd quarter valued at $122,000. Verition Fund Management LLC boosted its holdings in shares of Avon Products by 27.3% in the 2nd quarter. Verition Fund Management LLC now owns 58,058 shares of the company’s stock valued at $221,000 after purchasing an additional 12,437 shares during the last quarter. PEAK6 Investments L.P. acquired a new position in shares of Avon Products in the 3rd quarter valued at $139,000. Schroder Investment Management Group acquired a new position in shares of Avon Products in the 3rd quarter valued at $156,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Avon Products in the 2nd quarter valued at $307,000. 83.21% of the stock is owned by hedge funds and other institutional investors.
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Avon Products, Inc. (NYSE AVP) opened at $2.20 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.97 and a debt-to-equity ratio of -2.31. Avon Products, Inc. has a 1-year low of $1.85 and a 1-year high of $5.95.
A number of brokerages have weighed in on AVP. Zacks Investment Research upgraded shares of Avon Products from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a report on Monday, October 23rd. Bank of America lowered shares of Avon Products from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $3.00 to $2.50 in a report on Thursday, January 4th. ValuEngine upgraded shares of Avon Products from a “sell” rating to a “hold” rating in a report on Friday, December 1st. DA Davidson reiterated a “hold” rating and issued a $2.00 price target on shares of Avon Products in a report on Tuesday, November 7th. Finally, Jefferies Group decreased their price target on shares of Avon Products from $2.20 to $1.75 and set an “underperform” rating on the stock in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Avon Products presently has an average rating of “Hold” and a consensus price target of $2.86.
Avon Products Company Profile
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).
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