Credit Industriel ET Commercial Sells 82,365 Shares of Soho House & Co Inc. $SHCO

Credit Industriel ET Commercial cut its stake in shares of Soho House & Co Inc. (NYSE:SHCO) by 37.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,983 shares of the company’s stock after selling 82,365 shares during the quarter. Credit Industriel ET Commercial owned about 0.07% of Soho House & Co Inc. worth $1,221,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SHCO. Alpine Associates Management Inc. purchased a new stake in Soho House & Co Inc. during the 3rd quarter valued at about $9,701,000. New York Life Investment Management LLC bought a new position in shares of Soho House & Co Inc. in the third quarter worth approximately $6,868,000. AdvisorShares Investments LLC bought a new position in shares of Soho House & Co Inc. in the third quarter worth approximately $136,000. Savant Capital LLC grew its holdings in shares of Soho House & Co Inc. by 6.8% during the third quarter. Savant Capital LLC now owns 20,885 shares of the company’s stock valued at $185,000 after buying an additional 1,326 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in shares of Soho House & Co Inc. during the third quarter valued at approximately $620,000. Hedge funds and other institutional investors own 62.35% of the company’s stock.

Insider Activity

In other news, Director Gjorgi Popstefanov acquired 11,111,111 shares of Soho House & Co Inc. stock in a transaction that occurred on Thursday, January 29th. The stock was bought at an average price of $9.00 per share, for a total transaction of $99,999,999.00. Following the completion of the transaction, the director owned 11,111,111 shares in the company, valued at $99,999,999. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 74.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Soho House & Co Inc. in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $9.00.

Soho House & Co Inc. Stock Down 0.1%

Shares of Soho House & Co Inc. stock opened at $9.00 on Monday. The company has a market cap of $1.76 billion, a price-to-earnings ratio of -22.49 and a beta of 0.69. The company’s 50 day moving average is $8.84 and its 200 day moving average is $8.69. Soho House & Co Inc. has a twelve month low of $4.77 and a twelve month high 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.