Allianz Asset Management GmbH Makes New $620,000 Investment in Soho House & Co Inc. $SHCO

Allianz Asset Management GmbH bought a new stake in Soho House & Co Inc. (NYSE:SHCO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 70,100 shares of the company’s stock, valued at approximately $620,000.

A number of other hedge funds have also made changes to their positions in the stock. CWM LLC grew its position in Soho House & Co Inc. by 2,507.0% during the second quarter. CWM LLC now owns 4,093 shares of the company’s stock valued at $30,000 after purchasing an additional 3,936 shares in the last quarter. Bank of America Corp DE increased its holdings in Soho House & Co Inc. by 551.8% in the second quarter. Bank of America Corp DE now owns 6,766 shares of the company’s stock worth $50,000 after buying an additional 5,728 shares during the last quarter. Osaic Holdings Inc. raised its position in Soho House & Co Inc. by 37.4% during the second 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 raised its position in Soho House & Co Inc. by 65.8% during the third quarter. AlphaQuest LLC now owns 7,126 shares of the company’s stock valued at $63,000 after acquiring an additional 2,827 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in Soho House & Co Inc. in the second quarter valued at approximately $82,000. 62.35% of the stock is owned by hedge funds and other institutional investors.

Soho House & Co Inc. Stock Down 0.1%

NYSE:SHCO opened at $9.00 on Friday. The company’s 50 day moving average is $8.84 and its 200-day moving average is $8.67. Soho House & Co Inc. has a 12 month low of $4.77 and a 12 month high of $9.00. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -22.49 and a beta of 0.69.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Gjorgi Popstefanov bought 11,111,111 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was purchased at an average price of $9.00 per share, with a total value of $99,999,999.00. Following the transaction, the director directly owned 11,111,111 shares in the company, 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 is accessible through the SEC website. 74.70% of the stock is currently owned by corporate insiders.

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.