Sylebra Capital LLC Trims Stock Position in MYT Netherlands Parent B.V. $MYTE

Key Points

• Sylebra Capital LLC has reduced its stake in MYT Netherlands Parent B.V. by 6.3%, holding 3,688,354 shares after selling 248,668 shares in the first quarter.
• Other institutional investors recently increased their positions, with Bank of America boosting its holdings by an astounding 9,153.3% in the 4th quarter.
• As of last trading, MYT Netherlands Parent B.V. shares were down 2.6% at $9.48, with a market cap of $812.43 million.

Sylebra Capital LLC lessened its stake in shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) by 6.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,688,354 shares of the company's stock after selling 248,668 shares during the quarter. MYT Netherlands Parent B.V. comprises about 1.4% of Sylebra Capital LLC's investment portfolio, making the stock its 16th biggest position. Sylebra Capital LLC owned about 4.30% of MYT Netherlands Parent B.V. worth $27,884,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings 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 acquiring an additional 4,119 shares during the last quarter. GAMMA Investing LLC purchased a new stake in MYT Netherlands Parent B.V. during the 1st quarter worth about $47,000. BNP Paribas Financial Markets acquired a new position in MYT Netherlands Parent B.V. in the 4th quarter valued at about $106,000. Two Sigma Investments LP acquired a new position in MYT Netherlands Parent B.V. in the 4th quarter valued at about $157,000. Finally, Trexquant Investment LP purchased a new position in MYT Netherlands Parent B.V. in the 1st quarter valued at about $169,000. Hedge funds and other institutional investors own 10.07% of the company's stock.

MYT Netherlands Parent B.V. Trading Down 0.9%

Shares of NYSE MYTE traded down $0.09 during midday trading on Wednesday, reaching $9.53. 104,259 shares of the stock were exchanged, compared to its average volume of 230,894. The company has a market capitalization of $816.71 million, a P/E ratio of -22.16 and a beta of 1.08. 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 stock has a 50 day moving average price of $8.17 and a 200-day moving average price of $8.39.

MYT Netherlands Parent B.V. Company 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.