Portolan Capital Management LLC Has $13.51 Million Stock Position in MYT Netherlands Parent B.V. (NYSE:MYTE)

Portolan Capital Management LLC lifted its holdings in shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,903,285 shares of the company's stock after buying an additional 97,527 shares during the period. Portolan Capital Management LLC owned approximately 2.23% of MYT Netherlands Parent B.V. worth $13,513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter worth $80,000. XTX Topco Ltd acquired a new position in MYT Netherlands Parent B.V. during the 4th quarter valued at about $96,000. Coronation Fund Managers Ltd. bought a new stake in shares of MYT Netherlands Parent B.V. during the 4th quarter worth about $124,000. Walleye Capital LLC bought a new stake in shares of MYT Netherlands Parent B.V. during the 4th quarter worth about $256,000. Finally, Capricorn Fund Managers Ltd acquired a new stake in shares of MYT Netherlands Parent B.V. in the 4th quarter worth approximately $4,225,000. 10.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, TD Cowen raised MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and boosted their target price for the stock from $13.00 to $14.00 in a report on Monday, March 3rd.

MYT Netherlands Parent B.V. Price Performance

MYTE stock traded down $0.14 during trading hours on Friday, hitting $7.67. 100,076 shares of the stock traded hands, compared to its average volume of 191,822. The company has a current ratio of 1.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.09. The stock has a 50-day simple moving average of $9.08 and a 200 day simple moving average of $7.91. MYT Netherlands Parent B.V. has a one year low of $3.22 and a one year high of $12.50. The company has a market cap of $653.99 million, a P/E ratio of -17.84 and a beta of 1.08.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative net margin of 3.98% and a negative return on equity of 5.88%. Equities analysts forecast that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current year.

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.