Verition Fund Management LLC Sells 6,000 Shares of Soho House & Co Inc. (NYSE:SHCO)

Verition Fund Management LLC cut its holdings in shares of Soho House & Co Inc. (NYSE:SHCO) by 30.8% during the third quarter, Holdings Channel reports. The fund owned 13,500 shares of the company’s stock after selling 6,000 shares during the period. Verition Fund Management LLC’s holdings in Soho House & Co Inc. were worth $69,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in Soho House & Co Inc. by 303.7% in the third quarter. FMR LLC now owns 13,479 shares of the company’s stock worth $69,000 after purchasing an additional 10,140 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Soho House & Co Inc. by 13.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock worth $88,000 after buying an additional 2,100 shares in the last quarter. Symmetry Investments LP grew its holdings in Soho House & Co Inc. by 93.0% during the 2nd quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock worth $102,000 after acquiring an additional 9,300 shares during the last quarter. Renaissance Technologies LLC increased its position in Soho House & Co Inc. by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock valued at $609,000 after acquiring an additional 9,502 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Soho House & Co Inc. by 5.2% in the third quarter. GSA Capital Partners LLP now owns 194,025 shares of the company’s stock worth $990,000 after acquiring an additional 9,524 shares during the last quarter. 62.35% of the stock is owned by institutional investors and hedge funds.

Soho House & Co Inc. Stock Down 0.2 %

Shares of SHCO opened at $5.03 on Wednesday. The stock’s fifty day simple moving average is $5.17 and its 200-day simple moving average is $5.33. The firm has a market capitalization of $980.28 million, a PE ratio of -5.47 and a beta of 0.70. Soho House & Co Inc. has a 12-month low of $4.35 and a 12-month high of $7.67.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an “equal weight” rating and set a $5.50 price target on shares of Soho House & Co Inc. in a research note on Tuesday, September 3rd.

Soho House & Co Inc. Company Profile

Soho House & Co Inc operates a global membership platform of physical and digital spaces that connects a group of members. The company helps the members to use the platform to work, socialize, connect, create, and flourish all over the world. The company was formerly known as Membership Collective Group Inc and changed its name to Soho House & Co Inc in March 2023.