Alpine Associates Management Inc. Invests $9.70 Million in Soho House & Co Inc. $SHCO

Alpine Associates Management Inc. purchased a new stake in Soho House & Co Inc. (NYSE:SHCO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,096,199 shares of the company’s stock, valued at approximately $9,701,000. Alpine Associates Management Inc. owned about 0.56% of Soho House & Co Inc. at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SHCO. Savant Capital LLC raised its holdings in shares of Soho House & Co Inc. by 6.8% in the third quarter. Savant Capital LLC now owns 20,885 shares of the company’s stock worth $185,000 after acquiring an additional 1,326 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Soho House & Co Inc. by 37.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,867 shares of the company’s stock valued at $58,000 after acquiring an additional 2,143 shares in the last quarter. AlphaQuest LLC boosted its position in Soho House & Co Inc. by 65.8% during the 3rd quarter. AlphaQuest LLC now owns 7,126 shares of the company’s stock valued at $63,000 after purchasing an additional 2,827 shares during the period. PDT Partners LLC grew its holdings in Soho House & Co Inc. by 7.2% in the 2nd quarter. PDT Partners LLC now owns 44,600 shares of the company’s stock worth $328,000 after buying an additional 2,993 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Soho House & Co Inc. by 2,507.0% in the 2nd quarter. CWM LLC now owns 4,093 shares of the company’s stock worth $30,000 after acquiring an additional 3,936 shares during the period. 62.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Soho House & Co Inc.

In other news, Director Gjorgi Popstefanov purchased 11,111,111 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were bought at an average cost of $9.00 per share, for a total transaction of $99,999,999.00. Following the completion of the acquisition, the director directly owned 11,111,111 shares in the company, valued at approximately $99,999,999. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 74.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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 issued a Sell rating to the stock. According to MarketBeat.com, Soho House & Co Inc. currently has an average rating of “Reduce” and an average price target of $9.00.

Soho House & Co Inc. Price Performance

Shares of NYSE SHCO opened at $9.00 on Thursday. Soho House & Co Inc. has a fifty-two week low of $4.77 and a fifty-two week high of $9.00. The company’s 50 day simple moving average is $8.84 and its 200 day simple moving average is $8.64. The firm has a market capitalization of $1.76 billion, a P/E ratio of -22.49 and a beta of 0.69.

Soho House & Co Inc. Profile

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.