Boothbay Fund Management LLC Buys Shares of 102,627 MYT Netherlands Parent B.V. (NYSE:MYTE)

Boothbay Fund Management LLC acquired a new stake in shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 102,627 shares of the company's stock, valued at approximately $729,000. Boothbay Fund Management LLC owned about 0.12% of MYT Netherlands Parent B.V. at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MYTE. DJE Kapital AG bought a new position in MYT Netherlands Parent B.V. during the 4th quarter worth approximately $15,667,000. Portolan Capital Management LLC boosted its stake in shares of MYT Netherlands Parent B.V. by 5.4% during the fourth quarter. Portolan Capital Management LLC now owns 1,903,285 shares of the company's stock valued at $13,513,000 after purchasing an additional 97,527 shares during the period. Capricorn Fund Managers Ltd bought a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter worth approximately $4,225,000. MYDA Advisors LLC purchased a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter worth $1,598,000. Finally, Walleye Capital LLC bought a new stake in MYT Netherlands Parent B.V. during the 4th quarter valued at $256,000. 10.07% of the stock is owned by hedge funds and other institutional investors.

MYT Netherlands Parent B.V. Stock Up 1.9 %

Shares of MYTE traded up $0.14 on Friday, reaching $7.50. The stock had a trading volume of 103,685 shares, compared to its average volume of 197,136. The firm has a market capitalization of $642.74 million, a price-to-earnings ratio of -17.44 and a beta of 1.08. The company has a 50-day simple moving average of $8.29 and a 200-day simple moving average of $8.03. MYT Netherlands Parent B.V. has a 12-month low of $3.22 and a 12-month high of $12.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.22 and a current ratio of 1.78.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative return on equity of 5.88% and a negative net margin of 3.98%. Sell-side analysts predict that MYT Netherlands Parent B.V. will post -0.39 EPS for the current year.

Wall Street Analyst Weigh In

Separately, TD Cowen upgraded shares of MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and boosted their price objective for the company from $13.00 to $14.00 in a research report on Monday, March 3rd.

MYT Netherlands Parent B.V. Profile

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, rest of Europe, and internationally. It offers womenswear, menswear, kids wear, and lifestyle products. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.