Alberta Investment Management Corp Invests $5.75 Million in Soho House & Co Inc. $SHCO

Alberta Investment Management Corp bought a new stake in Soho House & Co Inc. (NYSE:SHCO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 650,000 shares of the company’s stock, valued at approximately $5,752,000. Alberta Investment Management Corp owned 0.33% of Soho House & Co Inc. at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. 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 worth $30,000 after buying an additional 3,936 shares during the period. Bank of America Corp DE grew its stake in Soho House & Co Inc. by 551.8% in the 2nd quarter. Bank of America Corp DE now owns 6,766 shares of the company’s stock worth $50,000 after acquiring an additional 5,728 shares during the period. AlphaQuest LLC increased its stake in Soho House & Co Inc. by 65.8% in the third 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 last quarter. Osaic Holdings Inc. lifted its holdings 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 worth $58,000 after acquiring an additional 2,143 shares during the period. Finally, Occudo Quantitative Strategies LP purchased a new position in Soho House & Co Inc. during the second quarter worth approximately $82,000. Hedge funds and other institutional investors own 62.35% of the company’s stock.

Insider Activity

In other Soho House & Co Inc. news, Director Gjorgi Popstefanov acquired 11,111,111 shares of the firm’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 completion of the acquisition, 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 legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 74.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

Soho House & Co Inc. Stock Performance

NYSE:SHCO opened at $9.00 on Thursday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -22.49 and a beta of 0.69. Soho House & Co Inc. has a one year low of $4.77 and a one year high of $9.00. The stock has a 50-day simple moving average of $8.85 and a 200 day simple moving average of $8.73.

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.