MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Bought by CastleKnight Management LP

CastleKnight Management LP boosted its position in shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) by 286.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 652,141 shares of the company's stock after purchasing an additional 483,541 shares during the quarter. CastleKnight Management LP owned approximately 0.76% of MYT Netherlands Parent B.V. worth $4,630,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Capricorn Fund Managers Ltd bought a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at about $4,225,000. Coronation Fund Managers Ltd. acquired a new position in shares of MYT Netherlands Parent B.V. during the fourth quarter valued at $124,000. DJE Kapital AG acquired a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter valued at approximately $15,667,000. JPMorgan Chase & Co. bought a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter valued at about $80,000. Finally, XTX Topco Ltd acquired a new stake in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at $96,000. Institutional investors and hedge funds own 10.07% of the company's stock.

MYT Netherlands Parent B.V. Trading Up 1.9 %

Shares of NYSE MYTE opened at $7.50 on Tuesday. The company has a market cap of $642.74 million, a price-to-earnings ratio of -17.44 and a beta of 1.08. MYT Netherlands Parent B.V. has a fifty-two week low of $3.22 and a fifty-two week high of $12.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.22 and a current ratio of 1.78. The business's 50 day moving average price is $8.22 and its 200-day moving average price is $8.04.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative net margin of 3.98% and a negative return on equity of 5.88%. On average, sell-side analysts expect that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current year.

Analysts Set New Price Targets

Separately, TD Cowen raised MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and raised their price objective 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.

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