Millennium Management LLC Acquires New Holdings in MYT Netherlands Parent B.V. (NYSE:MYTE)

Millennium Management LLC purchased a new stake in MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 76,838 shares of the company's stock, valued at approximately $546,000. Millennium Management LLC owned 0.09% of MYT Netherlands Parent B.V. as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new stake in MYT Netherlands Parent B.V. in the 4th quarter valued at about $204,000. CastleKnight Management LP raised its stake in shares of MYT Netherlands Parent B.V. by 286.8% in the fourth quarter. CastleKnight Management LP now owns 652,141 shares of the company's stock worth $4,630,000 after purchasing an additional 483,541 shares during the last quarter. Bank of America Corp DE boosted its holdings in MYT Netherlands Parent B.V. by 9,153.3% during the 4th quarter. Bank of America Corp DE now owns 4,164 shares of the company's stock worth $30,000 after acquiring an additional 4,119 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter worth approximately $106,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at $729,000. 10.07% of the stock is currently owned by institutional investors.

MYT Netherlands Parent B.V. Trading Down 2.9%

Shares of MYTE stock traded down $0.27 on Thursday, hitting $9.00. 110,190 shares of the company's stock traded hands, compared to its average volume of 207,793. The company's fifty day simple moving average is $8.40 and its 200 day simple moving average is $8.47. 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. has a one year low of $3.22 and a one year high of $12.50. The stock has a market capitalization of $771.29 million, a price-to-earnings ratio of -20.93 and a beta of 1.08.

Wall Street Analysts Forecast Growth

Separately, TD Cowen raised shares of MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and boosted their target price for the company from $13.00 to $14.00 in a 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.