Two Sigma Investments LP Acquires New Holdings in MYT Netherlands Parent B.V. (NYSE:MYTE)

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

Other large investors have also added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at about $96,000. Millennium Management LLC purchased a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter worth approximately $546,000. Portolan Capital Management LLC grew its position in MYT Netherlands Parent B.V. by 5.4% during the fourth quarter. Portolan Capital Management LLC now owns 1,903,285 shares of the company’s stock valued at $13,513,000 after buying an additional 97,527 shares during the period. CastleKnight Management LP increased its holdings in 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. Finally, MYDA Advisors LLC purchased a new stake in MYT Netherlands Parent B.V. during the fourth quarter valued at approximately $1,598,000. Institutional investors own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Price Performance

Shares of MYT Netherlands Parent B.V. stock opened at $9.00 on Friday. The stock 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 quick ratio of 0.22 and a current ratio of 1.78. The stock’s fifty day moving average is $8.45 and its 200 day moving average is $8.48. MYT Netherlands Parent B.V. has a one year low of $3.22 and a one year high of $12.50.

Analyst Upgrades and Downgrades

Separately, TD Cowen upgraded shares of MYT Netherlands Parent B.V. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $14.00 in a research note on Monday, March 3rd.

MYT Netherlands Parent B.V. Company 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.