Zimmer Partners LP Invests $565,000 in MYT Netherlands Parent B.V. (NYSE:MYTE)

Zimmer Partners LP purchased a new position in shares of MYT Netherlands Parent B.V. (NYSE:MYTE) in the first quarter, HoldingsChannel reports. The firm purchased 20,000 shares of the company’s stock, valued at approximately $565,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Grandeur Peak Global Advisors LLC purchased a new position in shares of MYT Netherlands Parent B.V. during the 1st quarter worth $460,000. Morgan Stanley purchased a new position in shares of MYT Netherlands Parent B.V. during the 1st quarter worth $428,000. Sandler Capital Management purchased a new position in shares of MYT Netherlands Parent B.V. during the 1st quarter worth $4,461,000. Alyeska Investment Group L.P. purchased a new position in shares of MYT Netherlands Parent B.V. during the 1st quarter worth $2,826,000. Finally, Davidson Kempner Capital Management LP purchased a new position in shares of MYT Netherlands Parent B.V. during the 1st quarter worth $593,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

Several equities analysts recently issued reports on MYTE shares. Zacks Investment Research lowered MYT Netherlands Parent B.V. from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on MYT Netherlands Parent B.V. from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, May 24th. Finally, Morgan Stanley increased their target price on MYT Netherlands Parent B.V. from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. MYT Netherlands Parent B.V. presently has an average rating of “Buy” and an average target price of $38.14.

MYTE stock traded up $0.48 during mid-day trading on Thursday, reaching $30.28. The company had a trading volume of 724 shares, compared to its average volume of 241,834. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.65 and a quick ratio of 0.92. The company has a fifty day moving average of $30.62. MYT Netherlands Parent B.V. has a fifty-two week low of $24.94 and a fifty-two week high of $36.25.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings data on Tuesday, May 18th. The company reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.02. The business had revenue of $198.63 million during the quarter, compared to analysts’ expectations of $183.06 million. On average, analysts expect that MYT Netherlands Parent B.V. will post 0.21 EPS 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 the fashion consumers worldwide. The company sells clothes, bags, shoes, accessories, and fine jewelry through online operations and retail stores. It serves high income luxury consumers.

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Institutional Ownership by Quarter for MYT Netherlands Parent B.V. (NYSE:MYTE)

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