Skandinaviska Enskilda Banken AB publ Takes $2.54 Million Position in Soho House & Co Inc. $SHCO

Skandinaviska Enskilda Banken AB publ purchased a new stake in Soho House & Co Inc. (NYSE:SHCO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 286,400 shares of the company’s stock, valued at approximately $2,535,000.

Several other large investors have also recently bought and sold shares of SHCO. CWM LLC boosted its position in Soho House & Co Inc. by 2,507.0% in the 2nd quarter. CWM LLC now owns 4,093 shares of the company’s stock valued at $30,000 after buying an additional 3,936 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Soho House & Co Inc. by 551.8% during the second quarter. Bank of America Corp DE now owns 6,766 shares of the company’s stock valued at $50,000 after acquiring an additional 5,728 shares during the period. Osaic Holdings Inc. boosted its holdings in Soho House & Co Inc. by 37.4% in the second quarter. Osaic Holdings Inc. now owns 7,867 shares of the company’s stock valued at $58,000 after acquiring an additional 2,143 shares during the last quarter. AlphaQuest LLC boosted its holdings in Soho House & Co Inc. by 65.8% in the third quarter. AlphaQuest LLC now owns 7,126 shares of the company’s stock valued at $63,000 after acquiring an additional 2,827 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in Soho House & Co Inc. in the second quarter worth about $82,000. Institutional investors and hedge funds own 62.35% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Soho House & Co Inc.

In related news, Director Gjorgi Popstefanov acquired 11,111,111 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was acquired at an average price of $9.00 per share, for a total transaction of $99,999,999.00. Following the completion of the acquisition, the director owned 11,111,111 shares of the company’s stock, valued at $99,999,999. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 74.70% of the stock is currently owned by company insiders.

Soho House & Co Inc. Stock Performance

SHCO opened at $9.00 on Friday. The company has a fifty day moving average price of $8.86 and a two-hundred day moving average price of $8.75. The firm has a market capitalization of $1.76 billion, a PE ratio of -22.49 and a beta of 0.69. 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.