Soho House & Co Inc. (NYSE:SHCO) Sees Strong Trading Volume – Here’s What Happened

Shares of Soho House & Co Inc. (NYSE:SHCO) saw strong trading volume on Tuesday . 660,113 shares changed hands during mid-day trading, an increase of 146% from the previous session’s volume of 268,493 shares.The stock last traded at $7.71 and had previously closed at $7.77.

Soho House & Co Inc. Trading Down 2.6 %

The business has a 50 day moving average price of $5.94 and a 200-day moving average price of $5.61. The company has a market cap of $1.47 billion, a P/E ratio of -8.23 and a beta of 0.52.

Institutional Trading of Soho House & Co Inc.

Several hedge funds have recently added to or reduced their stakes in SHCO. JPMorgan Chase & Co. grew its holdings in shares of Soho House & Co Inc. by 831.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 65,376 shares of the company’s stock worth $333,000 after purchasing an additional 58,356 shares in the last quarter. Thematics Asset Management lifted its holdings in shares of Soho House & Co Inc. by 4.7% during the 3rd quarter. Thematics Asset Management now owns 496,210 shares of the company’s stock worth $2,531,000 after acquiring an additional 22,055 shares during the period. Wolverine Trading LLC acquired a new stake in shares of Soho House & Co Inc. during the 3rd quarter worth approximately $97,000. FMR LLC increased its stake in Soho House & Co Inc. by 303.7% in the third quarter. FMR LLC now owns 13,479 shares of the company’s stock valued at $69,000 after acquiring an additional 10,140 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in 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 in the last quarter. 62.35% of the stock is owned by institutional investors and hedge funds.

About Soho House & Co Inc.

Soho House & Co Inc operates a global membership platform of physical and digital spaces that connects a group of members. The company helps the members to use the platform to work, socialize, connect, create, and flourish all over the world. The company was formerly known as Membership Collective Group Inc and changed its name to Soho House & Co Inc in March 2023.