MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Purchased by Portolan Capital Management LLC

Posted by Donna Armstrong on Dec 4th, 2024

Portolan Capital Management LLC boosted its position in MYT Netherlands Parent B.V. (NYSE:MYTE – Free Report) by 30.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,805,758 shares of the company’s stock after purchasing an additional 422,942 shares during the quarter. Portolan Capital Management LLC owned about 2.12% of MYT Netherlands Parent B.V. worth $6,880,000 at the end of the most recent reporting period.

Separately, Avalon Global Asset Management LLC grew its holdings in MYT Netherlands Parent B.V. by 14.8% in the 2nd quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock valued at $3,570,000 after buying an additional 90,000 shares in the last quarter. Institutional investors own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Stock Down 4.0 %

Shares of NYSE:MYTE opened at $6.48 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 1.95 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $6.30 and a two-hundred day moving average of $5.08. The stock has a market cap of $552.55 million, a P/E ratio of -14.40 and a beta of 1.01. MYT Netherlands Parent B.V. has a 52-week low of $2.41 and a 52-week high of $8.24.

MYT Netherlands Parent B.V. (NYSE:MYTE – Get Free Report) last released its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.11). The business had revenue of $240.24 million for the quarter, compared to analysts’ expectations of $248.12 million. MYT Netherlands Parent B.V. had a negative return on equity of 8.24% and a negative net margin of 4.18%. During the same quarter in the prior year, the company posted ($0.07) earnings per share. On average, research analysts expect that MYT Netherlands Parent B.V. will post -0.12 earnings per share for the current year.

MYT Netherlands Parent B.V. Company Profile

(Free Report)

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.