Skandinaviska Enskilda Banken AB publ Acquires Shares of 286,400 Soho House & Co Inc. $SHCO

Skandinaviska Enskilda Banken AB publ acquired a new stake in Soho House & Co Inc. (NYSE:SHCO) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 286,400 shares of the company’s stock, valued at approximately $2,535,000. Skandinaviska Enskilda Banken AB publ owned 0.15% of Soho House & Co Inc. at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Alpine Associates Management Inc. bought a new position in shares of Soho House & Co Inc. during the 3rd quarter worth approximately $9,701,000. New York Life Investment Management LLC acquired a new position in Soho House & Co Inc. during the third quarter worth $6,868,000. AdvisorShares Investments LLC acquired a new position in Soho House & Co Inc. during the third quarter worth $136,000. Savant Capital LLC lifted its holdings in shares of Soho House & Co Inc. by 6.8% during the third quarter. Savant Capital LLC now owns 20,885 shares of the company’s stock valued at $185,000 after acquiring an additional 1,326 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Soho House & Co Inc. in the 3rd quarter valued at $620,000. 62.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Soho House & Co Inc.

In related news, Director Gjorgi Popstefanov acquired 11,111,111 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were purchased at an average price of $9.00 per share, with a total value of $99,999,999.00. Following the acquisition, the director directly owned 11,111,111 shares in the company, valued at $99,999,999. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 74.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Soho House & Co Inc. in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $9.00.

Soho House & Co Inc. Stock Performance

Soho House & Co Inc. stock opened at $9.00 on Friday. The firm has a market cap of $1.76 billion, a P/E ratio of -22.49 and a beta of 0.69. The business’s fifty day moving average is $8.86 and its two-hundred day moving average is $8.75. Soho House & Co Inc. has a 52 week low of $4.77 and a 52 week high of $9.00.

Soho House & Co Inc. Company Profile

Soho House & Co Inc is a global hospitality and membership company that operates a network of private clubs, hotels, restaurants, workspaces and leisure facilities aimed primarily at creative professionals. Its core offering revolves around exclusive, members-only “Houses” that combine social spaces, dining venues, screening rooms, spas and event programming under one roof. The company’s diversified portfolio extends to branded hotels and short-stay locations, as well as co-working facilities under the Soho Works banner.

The company was founded in 1995 by Nick Jones in London, with the inaugural House offering serving emerging artists, filmmakers and designers.