MYT Netherlands Parent B.V. $MYTE Stake Boosted by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in MYT Netherlands Parent B.V. by 93.4%, acquiring an additional 26,789 shares, bringing its total to 55,481 shares valued at approximately $419,000.
• Several other institutional investors have also adjusted their positions, including Sylebra Capital LLC, which increased its stake by 1.1%, and Royal Bank of Canada, which drastically raised its holdings by 49,861.8%.
• As of now, MYT Netherlands Parent B.V. shares are down 0.9%, with a market capitalization of $816.71 million and a current share price of $9.53.

Cubist Systematic Strategies LLC raised its position in MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) by 93.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,481 shares of the company's stock after acquiring an additional 26,789 shares during the quarter. Cubist Systematic Strategies LLC owned 0.06% of MYT Netherlands Parent B.V. worth $419,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of MYT Netherlands Parent B.V. by 9,153.3% during the fourth quarter. Bank of America Corp DE now owns 4,164 shares of the company's stock worth $30,000 after buying an additional 4,119 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of MYT Netherlands Parent B.V. during the first quarter worth approximately $47,000. BNP Paribas Financial Markets acquired a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter worth approximately $106,000. Two Sigma Investments LP acquired a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter worth approximately $157,000. Finally, Trexquant Investment LP acquired a new stake in shares of MYT Netherlands Parent B.V. during the first quarter worth approximately $169,000. Institutional investors and hedge funds own 10.07% of the company's stock.

MYT Netherlands Parent B.V. Stock Performance

MYTE traded down $0.19 during trading hours on Friday, hitting $9.15. 183,115 shares of the stock were exchanged, compared to its average volume of 230,894. The stock has a 50-day simple moving average of $8.27 and a 200-day simple moving average of $8.38. MYT Netherlands Parent B.V. has a 12 month low of $3.22 and a 12 month high of $12.50. The stock has a market cap of $784.15 million, a price-to-earnings ratio of -21.28 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22.

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.