Allspring Global Investments Holdings LLC Has $2.47 Million Position in MYT Netherlands Parent B.V. (NYSE:MYTE)

Allspring Global Investments Holdings LLC reduced its holdings in MYT Netherlands Parent B.V. (NYSE:MYTE) by 31.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 484,799 shares of the company’s stock after selling 225,967 shares during the period. Allspring Global Investments Holdings LLC owned 0.57% of MYT Netherlands Parent B.V. worth $2,472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SageView Advisory Group LLC acquired a new stake in MYT Netherlands Parent B.V. in the 1st quarter valued at $47,000. CastleKnight Management LP increased its stake in MYT Netherlands Parent B.V. by 71.5% in the 4th quarter. CastleKnight Management LP now owns 213,172 shares of the company’s stock valued at $680,000 after buying an additional 88,872 shares during the last quarter. Finally, Sylebra Capital LLC increased its stake in MYT Netherlands Parent B.V. by 1.1% in the 1st quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock valued at $12,387,000 after buying an additional 41,914 shares during the last quarter. 10.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, TD Cowen lifted their price target on shares of MYT Netherlands Parent B.V. from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Thursday, May 16th.

MYT Netherlands Parent B.V. Stock Down 4.4 %

MYT Netherlands Parent B.V. stock opened at $3.73 on Tuesday. The firm has a market capitalization of $317.05 million, a PE ratio of -11.30 and a beta of 1.12. The company’s 50-day moving average is $4.12 and its 200-day moving average is $4.17. MYT Netherlands Parent B.V. has a fifty-two week low of $2.05 and a fifty-two week high of $6.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.20 and a quick ratio of 0.32.

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.