MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) by 94.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,619 shares of the company's stock after selling 456,180 shares during the period. Allspring Global Investments Holdings LLC's holdings in MYT Netherlands Parent B.V. were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. SageView Advisory Group LLC acquired a new stake in shares of MYT Netherlands Parent B.V. in the 1st quarter worth $47,000. Luxor Capital Group LP boosted its holdings in MYT Netherlands Parent B.V. by 591.8% in the second quarter. Luxor Capital Group LP now owns 236,575 shares of the company's stock worth $1,207,000 after acquiring an additional 202,379 shares in the last quarter. Avalon Global Asset Management LLC increased its holdings in shares of MYT Netherlands Parent B.V. by 14.8% during the second 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 in the last quarter. Finally, Sylebra Capital LLC raised its position in shares of 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 purchasing an additional 41,914 shares during the last quarter. Institutional investors own 10.07% of the company's stock.

MYT Netherlands Parent B.V. Stock Performance

Shares of MYT Netherlands Parent B.V. stock traded up $0.14 during midday trading on Tuesday, hitting $6.33. The company had a trading volume of 191,452 shares, compared to its average volume of 144,437. The stock has a market cap of $539.76 million, a price-to-earnings ratio of -21.23 and a beta of 0.98. The company has a quick ratio of 0.33, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $5.21 and a 200 day simple moving average of $4.77. MYT Netherlands Parent B.V. has a 12-month low of $2.05 and a 12-month high of $8.24.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) 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). MYT Netherlands Parent B.V. had a negative return on equity of 5.43% and a negative net margin of 2.84%. The business had revenue of $240.24 million for the quarter, compared to analysts' expectations of $248.12 million. During the same period in the prior year, the business posted ($0.07) earnings per share.

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.