Portolan Capital Management LLC Increases Stock Holdings in MYT Netherlands Parent B.V. (NYSE:MYTE)

Portolan Capital Management LLC boosted its position in shares of MYT Netherlands Parent B.V. (NYSE:MYTE) by 30.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,805,758 shares of the company’s stock after acquiring an additional 422,942 shares during the quarter. Portolan Capital Management LLC’s holdings in MYT Netherlands Parent B.V. were worth $6,880,000 at the end of the most recent quarter.

Separately, Avalon Global Asset Management LLC boosted its holdings in MYT Netherlands Parent B.V. by 14.8% during the 2nd quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock valued at $3,570,000 after acquiring an additional 90,000 shares during the period. 10.07% of the stock is owned by institutional investors and hedge funds.

MYT Netherlands Parent B.V. Stock Performance

Shares of MYT Netherlands Parent B.V. stock opened at $6.48 on Wednesday. The business has a 50-day moving average of $6.30 and a 200 day moving average of $5.08. MYT Netherlands Parent B.V. has a 12 month low of $2.41 and a 12 month high of $8.24. The stock has a market capitalization of $552.55 million, a price-to-earnings ratio of -14.40 and a beta of 1.01. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.95 and a quick ratio of 0.26.

MYT Netherlands Parent B.V. (NYSE:MYTE) last posted its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.11). The company had revenue of $240.24 million during the quarter, compared to analyst estimates of $248.12 million. MYT Netherlands Parent B.V. had a negative net margin of 4.18% and a negative return on equity of 8.24%. During the same period in the prior year, the business earned ($0.07) EPS. As a group, sell-side analysts forecast that MYT Netherlands Parent B.V. will post -0.12 earnings per share for the current year.

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.