Zazove Associates LLC Buys New Position in MYT Netherlands Parent B.V. (NYSE:MYTE)

Key Points

• Zazove Associates LLC acquired 130,341 shares of MYT Netherlands Parent B.V. in the first quarter, valued at approximately $985,000, and owned about 0.15% of the company after this transaction.
• Other institutional investors have also increased their stakes in MYT Netherlands, with Woodson Capital Management LP investing $11.9 million in the fourth quarter.
• As of the latest trading data, MYT Netherlands shares were trading at $7.84, experiencing a 2.5% decrease, with a market cap of $671.88 million.

Zazove Associates LLC purchased a new stake in MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 130,341 shares of the company's stock, valued at approximately $985,000. Zazove Associates LLC owned about 0.15% of MYT Netherlands Parent B.V. as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sylebra Capital LLC grew its position in MYT Netherlands Parent B.V. by 1.1% during the 4th quarter. Sylebra Capital LLC now owns 3,937,022 shares of the company's stock worth $27,953,000 after acquiring an additional 41,624 shares during the last quarter. Woodson Capital Management LP bought a new stake in MYT Netherlands Parent B.V. during the 4th quarter worth $11,906,000. Invesco Ltd. lifted its holdings in MYT Netherlands Parent B.V. by 6.8% during the 1st quarter. Invesco Ltd. now owns 893,144 shares of the company's stock worth $6,752,000 after buying an additional 56,657 shares during the period. CastleKnight Management LP lifted its holdings 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 buying an additional 483,541 shares during the period. Finally, MYDA Advisors LLC acquired a new position in MYT Netherlands Parent B.V. during the 4th quarter worth about $1,598,000. Institutional investors own 10.07% of the company's stock.

MYT Netherlands Parent B.V. Trading Up 7.6%

MYTE traded up $0.60 during midday trading on Friday, hitting $8.53. 226,513 shares of the company were exchanged, compared to its average volume of 230,894. The firm has a market capitalization of $731.01 million, a P/E ratio of -19.84 and a beta of 1.08. MYT Netherlands Parent B.V. has a 1-year low of $3.22 and a 1-year high of $12.50. The firm's 50 day moving average price is $8.01 and its 200-day moving average price is $8.60. 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. 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.