Soho House & Co Inc. (NYSE:SHCO) Shares Acquired by Thematics Asset Management

Thematics Asset Management increased its stake in Soho House & Co Inc. (NYSE:SHCO) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 496,210 shares of the company’s stock after acquiring an additional 22,055 shares during the period. Thematics Asset Management owned approximately 0.25% of Soho House & Co Inc. worth $2,531,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. FMR LLC raised its stake in shares of Soho House & Co Inc. by 303.7% in the third quarter. FMR LLC now owns 13,479 shares of the company’s stock valued at $69,000 after acquiring an additional 10,140 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Soho House & Co Inc. by 13.9% in the third quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock valued at $88,000 after acquiring an additional 2,100 shares in the last quarter. 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 valued at $990,000 after acquiring an additional 9,524 shares in the last quarter. Symmetry Investments LP raised its stake in shares of Soho House & Co Inc. by 93.0% in the second quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock valued at $102,000 after acquiring an additional 9,300 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Soho House & Co Inc. by 9.0% in the second quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock valued at $609,000 after buying an additional 9,502 shares in the last quarter. 62.35% of the stock is currently owned by institutional investors and hedge funds.

Soho House & Co Inc. Stock Down 4.0 %

Shares of SHCO stock opened at $4.81 on Wednesday. The stock’s 50-day moving average is $5.24 and its two-hundred day moving average is $5.37. Soho House & Co Inc. has a 1 year low of $4.35 and a 1 year high of $7.67.

Insiders Place Their Bets

In related news, CFO Thomas Glassbrooke Allen sold 21,461 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $5.74, for a total transaction of $123,186.14. Following the transaction, the chief financial officer now owns 119,532 shares of the company’s stock, valued at $686,113.68. This trade represents a 15.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 74.20% of the company’s stock.

Analysts Set New Price Targets

SHCO has been the topic of a number of analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $5.50 price target on shares of Soho House & Co Inc. in a research note on Tuesday, September 3rd. Roth Mkm reaffirmed a “buy” rating and set a $7.50 price objective on shares of Soho House & Co Inc. in a report on Monday, August 12th.

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.