Zweig DiMenna Associates LLC Takes $3.18 Million Position in MYT Netherlands Parent B.V. $MYTE

Zweig DiMenna Associates LLC acquired a new position in shares of MYT Netherlands Parent B.V. (NYSE:MYTE) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 400,000 shares of the company’s stock, valued at approximately $3,176,000. Zweig DiMenna Associates LLC owned 0.47% of MYT Netherlands Parent B.V. as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in MYTE. Nixon Capital LLC purchased a new position in shares of MYT Netherlands Parent B.V. during the 2nd quarter worth approximately $3,354,000. Zazove Associates LLC purchased a new position in shares of MYT Netherlands Parent B.V. during the 1st quarter worth approximately $985,000. Royal Bank of Canada boosted its position in shares of MYT Netherlands Parent B.V. by 49,861.8% during the 1st quarter. Royal Bank of Canada now owns 82,437 shares of the company’s stock worth $623,000 after purchasing an additional 82,272 shares during the period. Invesco Ltd. boosted its position in shares of MYT Netherlands Parent B.V. by 6.8% during the 1st quarter. Invesco Ltd. now owns 893,144 shares of the company’s stock worth $6,752,000 after purchasing an additional 56,657 shares during the period. Finally, Bosun Asset Management LLC purchased a new position in shares of MYT Netherlands Parent B.V. during the 1st quarter worth approximately $207,000. Hedge funds and other institutional investors own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Stock Performance

NYSE:MYTE opened at $9.79 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.22 and a current ratio of 1.78. The stock has a market capitalization of $838.99 million, a P/E ratio of -22.77 and a beta of 1.08. The company has a 50 day moving average price of $8.74 and a 200 day moving average price of $8.41. MYT Netherlands Parent B.V. has a fifty-two week low of $3.22 and a fifty-two week high of $12.50.

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.