Vontobel Holding Ltd. Grows Position in MYT Netherlands Parent B.V. (NYSE:MYTE)

Vontobel Holding Ltd. raised its position in shares of MYT Netherlands Parent B.V. (NYSE:MYTE) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,310 shares of the company’s stock after buying an additional 20,410 shares during the quarter. Vontobel Holding Ltd. owned about 0.21% of MYT Netherlands Parent B.V. worth $559,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sylebra Capital LLC purchased a new position in shares of MYT Netherlands Parent B.V. in the 3rd quarter worth approximately $12,982,000. Alta Fox Capital Management LLC purchased a new position in shares of MYT Netherlands Parent B.V. in the 3rd quarter worth approximately $1,734,000. Finally, Avalon Global Asset Management LLC boosted its holdings in shares of MYT Netherlands Parent B.V. by 8.5% in the 3rd quarter. Avalon Global Asset Management LLC now owns 637,000 shares of the company’s stock worth $2,166,000 after purchasing an additional 50,000 shares during the period. Hedge funds and other institutional investors own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Price Performance

MYTE opened at $4.06 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 2.02 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $3.47 and a 200 day moving average of $3.20. The stock has a market cap of $345.10 million, a P/E ratio of -11.60 and a beta of 1.17. MYT Netherlands Parent B.V. has a 52-week low of $2.05 and a 52-week high of $5.57.

MYT Netherlands Parent B.V. (NYSE:MYTE) last issued its earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The business had revenue of $212.16 million during the quarter, compared to analyst estimates of $228.00 million. MYT Netherlands Parent B.V. had a negative return on equity of 6.30% and a negative net margin of 3.58%. As a group, sell-side analysts anticipate that MYT Netherlands Parent B.V. will post -0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their price objective on MYT Netherlands Parent B.V. from $5.00 to $4.75 and set a “buy” rating for the company in a report on Friday, February 16th.

About MYT Netherlands Parent B.V.

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.