Soho House & Co Inc. (NYSE:SHCO) Trading 13.8% Higher – Here’s What Happened

Soho House & Co Inc. (NYSE:SHCO)’s share price rose 13.8% during mid-day trading on Friday . The stock traded as high as $5.68 and last traded at $5.91. Approximately 121,048 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 285,753 shares. The stock had previously closed at $5.19.

Soho House & Co Inc. Stock Up 14.9 %

The firm’s fifty day simple moving average is $7.37 and its 200-day simple moving average is $6.17. The firm has a market capitalization of $1.16 billion, a PE ratio of -8.52 and a beta of 0.55.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SHCO. GSA Capital Partners LLP raised its holdings in shares of Soho House & Co Inc. by 5.2% during the third quarter. GSA Capital Partners LLP now owns 194,025 shares of the company’s stock valued at $990,000 after purchasing an additional 9,524 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Soho House & Co Inc. by 13.9% during the third quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock valued at $88,000 after buying an additional 2,100 shares during the last quarter. FMR LLC increased its holdings in Soho House & Co Inc. by 303.7% during the third quarter. FMR LLC now owns 13,479 shares of the company’s stock valued at $69,000 after buying an additional 10,140 shares during the last quarter. Thematics Asset Management increased its holdings in Soho House & Co Inc. by 4.7% during the third quarter. Thematics Asset Management now owns 496,210 shares of the company’s stock valued at $2,531,000 after buying an additional 22,055 shares during the last quarter. Finally, Wolverine Trading LLC purchased a new stake in Soho House & Co Inc. during the third quarter valued at approximately $97,000. 62.35% of the stock is owned by hedge funds and other institutional investors.

About Soho House & Co Inc.

Soho House & Co, Inc is a holding company, which offers global membership platform of physical and digital spaces. It operates through the following segments: UK, North America, Europe and Rest of the World, and All Other. The company was founded by Nicholas Keith Arthur Jones in 1995 and is headquartered in London, the United Kingdom.