MYDA Advisors LLC Has $1.04 Million Stock Position in MYT Netherlands Parent B.V. $MYTE

Key Points

• MYDA Advisors LLC reduced its stake in MYT Netherlands Parent B.V. by 38.7%, selling 87,000 shares and owning about 0.16% of the company worth $1,043,000.
• Other institutional investors have recently initiated positions in MYT Netherlands Parent B.V., with notable acquisitions including JPMorgan Chase & Co. and Boothbay Fund Management LLC.
• The stock price of MYT Netherlands Parent B.V. opened at $8.28, and it has a market capitalization of approximately $709.59 million.

MYDA Advisors LLC cut its holdings in MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) by 38.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 138,000 shares of the company's stock after selling 87,000 shares during the period. MYDA Advisors LLC owned 0.16% of MYT Netherlands Parent B.V. worth $1,043,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MYTE. Bank of America Corp DE increased its stake in shares of MYT Netherlands Parent B.V. by 9,153.3% in the fourth quarter. Bank of America Corp DE now owns 4,164 shares of the company's stock worth $30,000 after purchasing an additional 4,119 shares during the period. GAMMA Investing LLC bought a new position in shares of MYT Netherlands Parent B.V. in the first quarter worth about $47,000. JPMorgan Chase & Co. bought a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter worth about $80,000. XTX Topco Ltd acquired a new stake in MYT Netherlands Parent B.V. during the fourth quarter worth about $96,000. Finally, BNP Paribas Financial Markets bought a new position in MYT Netherlands Parent B.V. during the fourth quarter valued at about $106,000. 10.07% of the stock is currently owned by institutional investors.

MYT Netherlands Parent B.V. Stock Performance

MYTE traded up $0.63 on Tuesday, hitting $9.28. 268,954 shares of the stock traded hands, 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 company has a current ratio of 1.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $795.29 million, a PE ratio of -21.58 and a beta of 1.08. The business has a fifty day moving average price of $7.99 and a two-hundred day moving average price of $8.45.

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.