MYT Netherlands Parent B.V. $MYTE Shares Acquired 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 increased its stake in MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) by 93.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,481 shares of the company's stock after acquiring an additional 26,789 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.06% of MYT Netherlands Parent B.V. worth $419,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC purchased a new position in MYT Netherlands Parent B.V. in the fourth quarter valued at approximately $546,000. Two Sigma Investments LP purchased a new position in MYT Netherlands Parent B.V. in the fourth quarter valued at approximately $157,000. GAMMA Investing LLC purchased a new position in MYT Netherlands Parent B.V. in the first quarter valued at approximately $47,000. Sylebra Capital LLC raised its holdings in MYT Netherlands Parent B.V. by 1.1% in the fourth quarter. Sylebra Capital LLC now owns 3,937,022 shares of the company's stock valued at $27,953,000 after buying an additional 41,624 shares during the period. Finally, Woodson Capital Management LP purchased a new position in MYT Netherlands Parent B.V. in the fourth quarter valued at approximately $11,906,000. Hedge funds and other institutional investors own 10.07% of the company's stock.

MYT Netherlands Parent B.V. Trading Down 1.1%

NYSE MYTE traded down $0.10 during mid-day trading on Tuesday, hitting $9.05. The company's stock had a trading volume of 106,554 shares, compared to its average volume of 230,894. MYT Netherlands Parent B.V. has a 52-week low of $3.22 and a 52-week high of $12.50. The stock's fifty day simple moving average is $8.33 and its two-hundred day simple moving average is $8.34. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22. The firm has a market capitalization of $775.58 million, a P/E ratio of -21.05 and a beta of 1.08.

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.