Woodson Capital Management LP Invests $11.91 Million in MYT Netherlands Parent B.V. (NYSE:MYTE)

Woodson Capital Management LP purchased a new stake in MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,676,878 shares of the company's stock, valued at approximately $11,906,000. MYT Netherlands Parent B.V. comprises approximately 1.9% of Woodson Capital Management LP's portfolio, making the stock its 19th biggest position. Woodson Capital Management LP owned 1.97% of MYT Netherlands Parent B.V. as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in MYT Netherlands Parent B.V. by 9,153.3% in the 4th quarter. Bank of America Corp DE now owns 4,164 shares of the company's stock valued at $30,000 after acquiring an additional 4,119 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in MYT Netherlands Parent B.V. during the fourth quarter valued at about $80,000. XTX Topco Ltd purchased a new stake in MYT Netherlands Parent B.V. during the fourth quarter valued at about $96,000. BNP Paribas Financial Markets purchased a new stake in MYT Netherlands Parent B.V. during the fourth quarter valued at about $106,000. Finally, Coronation Fund Managers Ltd. purchased a new stake in MYT Netherlands Parent B.V. during the fourth quarter valued at about $124,000. 10.07% of the stock is owned by institutional investors and hedge funds.

MYT Netherlands Parent B.V. Stock Down 2.9%

Shares of NYSE MYTE traded down $0.27 during mid-day trading on Friday, reaching $9.01. The company had a trading volume of 112,266 shares, compared to its average volume of 202,415. The stock has a fifty day moving average of $7.96 and a two-hundred day moving average of $8.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.22 and a current ratio of 1.78. The company has a market capitalization of $772.15 million, a price-to-earnings ratio of -20.95 and a beta of 1.08. MYT Netherlands Parent B.V. has a 12-month low of $3.22 and a 12-month high of $12.50.

Analyst Upgrades and Downgrades

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

About MYT Netherlands Parent B.V.

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.