Soho House & Co Inc. (NYSE:SHCO) Director Gjorgi Popstefanov Buys 11,111,111 Shares of Stock

Soho House & Co Inc. (NYSE:SHCO) Director Gjorgi Popstefanov purchased 11,111,111 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were bought at an average price of $9.00 per share, with a total value of $99,999,999.00. Following the completion of the transaction, the director owned 11,111,111 shares of the company’s stock, valued at approximately $99,999,999. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Soho House & Co Inc. Stock Performance

Shares of SHCO stock opened at $9.00 on Tuesday. The firm has a market cap of $1.76 billion, a P/E ratio of -22.49 and a beta of 0.69. The firm’s 50 day moving average price is $8.82 and its 200-day moving average price is $8.53. Soho House & Co Inc. has a one year low of $4.77 and a one year high of $9.00.

Soho House & Co Inc. (NYSE:SHCO) last announced its earnings results on Friday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.12). Soho House & Co Inc. had a negative net margin of 6.00% and a negative return on equity of 4.02%. The firm had revenue of $370.75 million during the quarter, compared to analysts’ expectations of $352.80 million. As a group, research analysts predict that Soho House & Co Inc. will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Magnetar Financial LLC purchased a new position in Soho House & Co Inc. during the 3rd quarter worth $18,199,000. Pentwater Capital Management LP acquired a new position in shares of Soho House & Co Inc. during the third quarter worth about $13,063,000. Woodline Partners LP purchased a new position in Soho House & Co Inc. during the third quarter worth about $11,195,000. Qube Research & Technologies Ltd acquired a new stake in Soho House & Co Inc. in the third quarter valued at about $10,633,000. Finally, Alpine Associates Management Inc. purchased a new stake in Soho House & Co Inc. in the 3rd quarter valued at approximately $9,701,000. 62.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHCO has been the topic of several analyst reports. Zacks Research cut shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Soho House & Co Inc. in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $9.00.

About Soho House & Co Inc.

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.