New York Life Investment Management LLC Takes Position in Soho House & Co Inc. $SHCO

New York Life Investment Management LLC bought a new stake in Soho House & Co Inc. (NYSE:SHCO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 776,017 shares of the company’s stock, valued at approximately $6,868,000.

Several other large investors have also recently bought and sold shares of the stock. CWM LLC grew its stake in Soho House & Co Inc. by 2,507.0% in 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. GAM Holding AG acquired a new stake in shares of Soho House & Co Inc. in the 2nd quarter valued at approximately $623,000. Savant Capital LLC acquired a new stake in shares of Soho House & Co Inc. in the 2nd quarter valued at approximately $144,000. Cetera Investment Advisers bought a new position in shares of Soho House & Co Inc. in the second quarter valued at $204,000. Finally, JPMorgan Chase & Co. increased its holdings in Soho House & Co Inc. by 83.4% during the second quarter. JPMorgan Chase & Co. now owns 116,837 shares of the company’s stock worth $859,000 after buying an additional 53,139 shares during the last quarter. 62.35% of the stock is owned by institutional investors and hedge funds.

Soho House & Co Inc. Trading Down 0.1%

Shares of NYSE SHCO opened at $9.00 on Wednesday. The company 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. has a 12 month low of $4.77 and a 12 month high of $9.00. The stock has a 50 day moving average of $8.83 and a 200-day moving average of $8.64.

Analysts Set New Price Targets

Separately, 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 given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $9.00.

Insider Transactions at Soho House & Co Inc.

In related news, Director Gjorgi Popstefanov acquired 11,111,111 shares of Soho House & Co Inc. stock in a transaction on Thursday, January 29th. The stock was purchased at an average cost of $9.00 per share, with a total value of $99,999,999.00. Following the completion of the transaction, the director directly owned 11,111,111 shares in the company, valued at $99,999,999. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 74.70% of the stock is 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.