Fmr LLC Grows Holdings in Soho House & Co Inc. (NYSE:SHCO)

Fmr LLC boosted its holdings in shares of Soho House & Co Inc. (NYSE:SHCO) by 303.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,479 shares of the company’s stock after purchasing an additional 10,140 shares during the period. Fmr LLC’s holdings in Soho House & Co Inc. were worth $69,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. increased its holdings in 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 buying an additional 2,100 shares in the last quarter. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 9,502 shares during the last quarter. Symmetry Investments LP increased its position 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 buying an additional 9,300 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Soho House & Co Inc. by 5.2% during the 3rd quarter. GSA Capital Partners LLP now owns 194,025 shares of the company’s stock worth $990,000 after buying an additional 9,524 shares during the last quarter. Institutional investors and hedge funds own 62.35% of the company’s stock.

Analysts Set New Price Targets

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

Soho House & Co Inc. Stock Performance

Shares of NYSE:SHCO opened at $7.17 on Wednesday. The business’s fifty day moving average price is $5.33 and its two-hundred day moving average price is $5.39. The stock has a market cap of $1.40 billion, a PE ratio of -7.79 and a beta of 0.70. Soho House & Co Inc. has a one year low of $4.35 and a one year high of $8.09.

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.