Walleye Capital LLC Takes $256,000 Position in MYT Netherlands Parent B.V. (NYSE:MYTE)

Walleye Capital LLC purchased a new position in shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 36,012 shares of the company's stock, valued at approximately $256,000.

Other institutional investors also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in MYT Netherlands Parent B.V. in the fourth quarter valued at $96,000. JPMorgan Chase & Co. acquired a new stake in MYT Netherlands Parent B.V. during the 4th quarter worth approximately $80,000. 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. Coronation Fund Managers Ltd. purchased a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter worth approximately $124,000. Finally, Capricorn Fund Managers Ltd purchased a new position in MYT Netherlands Parent B.V. in the 4th quarter valued at $4,225,000. Institutional investors and hedge funds own 10.07% of the company's stock.

MYT Netherlands Parent B.V. Stock Performance

NYSE:MYTE traded down $0.20 during mid-day trading on Thursday, reaching $7.65. The stock had a trading volume of 143,651 shares, compared to its average volume of 195,024. 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 has a 50 day simple moving average of $8.42 and a 200 day simple moving average of $8.03. MYT Netherlands Parent B.V. has a twelve month low of $3.22 and a twelve month high of $12.50. The firm has a market capitalization of $655.17 million, a price-to-earnings ratio of -17.78 and a beta of 1.08.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last posted its quarterly earnings results 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 return on equity of 5.88% and a negative net margin of 3.98%. On average, analysts expect that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, TD Cowen upgraded shares of MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and upped their price objective for the stock from $13.00 to $14.00 in a research 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.