Two Sigma Investments LP Takes Position in MYT Netherlands Parent B.V. (NYSE:MYTE)

Two Sigma Investments LP purchased a new position in MYT Netherlands Parent B.V. (NYSE:MYTE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 22,162 shares of the company’s stock, valued at approximately $157,000.

A number of other hedge funds also recently bought and sold shares of MYTE. DJE Kapital AG bought a new stake in MYT Netherlands Parent B.V. during the 4th quarter valued at about $15,667,000. CastleKnight Management LP grew its holdings in shares of MYT Netherlands Parent B.V. by 286.8% during the fourth quarter. CastleKnight Management LP now owns 652,141 shares of the company’s stock valued at $4,630,000 after buying an additional 483,541 shares during the last quarter. MYDA Advisors LLC bought a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter valued at approximately $1,598,000. Boothbay Fund Management LLC bought a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter valued at approximately $729,000. Finally, Portolan Capital Management LLC raised its holdings in MYT Netherlands Parent B.V. by 5.4% in the 4th quarter. Portolan Capital Management LLC now owns 1,903,285 shares of the company’s stock worth $13,513,000 after acquiring an additional 97,527 shares during the last quarter. Institutional investors own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Trading Down 2.9%

Shares of NYSE:MYTE opened at $9.00 on Friday. The company has a market cap of $771.29 million, a P/E ratio of -20.93 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22. MYT Netherlands Parent B.V. has a 1 year low of $3.22 and a 1 year high of $12.50. The stock’s fifty day moving average price is $8.45 and its 200-day moving average price is $8.48.

Analysts Set New Price Targets

Separately, TD Cowen upgraded MYT Netherlands Parent B.V. from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $14.00 in a research note 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.