Avalon Global Asset Management LLC Has $3.57 Million Stock Holdings in MYT Netherlands Parent B.V. (NYSE:MYTE)

Avalon Global Asset Management LLC raised its stake in MYT Netherlands Parent B.V. (NYSE:MYTE) by 14.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 700,000 shares of the company’s stock after buying an additional 90,000 shares during the quarter. MYT Netherlands Parent B.V. accounts for about 0.8% of Avalon Global Asset Management LLC’s holdings, making the stock its 27th biggest position. Avalon Global Asset Management LLC owned approximately 0.82% of MYT Netherlands Parent B.V. worth $3,570,000 as of its most recent filing with the SEC.

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

MYT Netherlands Parent B.V. Stock Performance

Shares of MYTE opened at $3.86 on Friday. The company’s fifty day moving average is $3.86 and its 200-day moving average is $4.23. MYT Netherlands Parent B.V. has a 12 month low of $2.05 and a 12 month high of $6.27. The firm has a market cap of $328.11 million, a price-to-earnings ratio of -11.70 and a beta of 1.12. The company has a quick ratio of 0.32, a current ratio of 2.20 and a debt-to-equity ratio of 0.10.

MYT Netherlands Parent B.V. (NYSE:MYTE) last announced its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.11). MYT Netherlands Parent B.V. had a negative return on equity of 5.93% and a negative net margin of 3.16%. The business had revenue of $240.24 million for the quarter, compared to analyst estimates of $248.12 million. During the same quarter last year, the company earned ($0.07) EPS. Equities analysts expect that MYT Netherlands Parent B.V. will post -0.25 EPS for the current fiscal year.

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.