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

Verition Fund Management LLC trimmed its holdings in shares of Soho House & Co Inc. (NYSE:SHCO) by 30.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,500 shares of the company’s stock after selling 6,000 shares during the quarter. Verition Fund Management LLC’s holdings in Soho House & Co Inc. were worth $69,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

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

Soho House & Co Inc. Stock Down 0.2 %

Soho House & Co Inc. stock opened at $5.03 on Wednesday. The business has a 50 day moving average price of $5.17 and a two-hundred day moving average price of $5.33. Soho House & Co Inc. has a 12 month low of $4.35 and a 12 month high of $7.67. The stock has a market cap of $980.28 million, a price-to-earnings ratio of -5.47 and a beta of 0.70.

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.