Cubist Systematic Strategies LLC purchased a new stake in MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 28,692 shares of the company's stock, valued at approximately $204,000.
Other large investors have also modified their holdings of the company. DJE Kapital AG acquired a new position in MYT Netherlands Parent B.V. during the 4th quarter worth about $15,667,000. Capricorn Fund Managers Ltd acquired a new position in MYT Netherlands Parent B.V. during the 4th quarter worth about $4,225,000. CastleKnight Management LP lifted its stake in MYT Netherlands Parent B.V. by 286.8% during the 4th quarter. CastleKnight Management LP now owns 652,141 shares of the company's stock worth $4,630,000 after acquiring an additional 483,541 shares in the last quarter. MYDA Advisors LLC acquired a new position in MYT Netherlands Parent B.V. during the 4th quarter worth about $1,598,000. Finally, Boothbay Fund Management LLC acquired a new position in MYT Netherlands Parent B.V. during the 4th quarter worth about $729,000. Institutional investors and hedge funds own 10.07% of the company's stock.
Wall Street Analyst Weigh In
Separately, TD Cowen raised MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and increased their target price for the stock from $13.00 to $14.00 in a research note on Monday, March 3rd.
View Our Latest Analysis on MYT Netherlands Parent B.V.
MYT Netherlands Parent B.V. Stock Down 2.9%
NYSE MYTE traded down $0.27 during trading hours on Friday, hitting $9.01. 112,266 shares of the company were exchanged, compared to its average volume of 202,415. The company has a 50 day moving average of $7.96 and a two-hundred day moving average of $8.22. The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. MYT Netherlands Parent B.V. has a 52-week low of $3.22 and a 52-week high of $12.50. The firm has a market cap of $772.15 million, a price-to-earnings ratio of -20.95 and a beta of 1.08.
MYT Netherlands Parent B.V. Profile
(
Free Report)
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.
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