Soho House & Co Inc. (NYSE:SHCO) Shares Gap Up – Still a Buy?

Soho House & Co Inc. (NYSE:SHCO) shares gapped up prior to trading on Wednesday . The stock had previously closed at $7.37, but opened at $7.77. Soho House & Co Inc. shares last traded at $7.74, with a volume of 128,190 shares changing hands.

Soho House & Co Inc. Stock Performance

The stock’s 50-day simple moving average is $6.56 and its 200 day simple moving average is $5.79.

Hedge Funds Weigh In On Soho House & Co Inc.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of Soho House & Co Inc. by 1,255.3% in the third quarter. Barclays PLC now owns 8,132 shares of the company’s stock valued at $41,000 after purchasing an additional 7,532 shares during the period. FMR LLC increased its holdings 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 buying an additional 10,140 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Soho House & Co Inc. during the 4th quarter valued at approximately $82,000. Daiwa Securities Group Inc. boosted its stake in shares of Soho House & Co Inc. by 13.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock worth $88,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Wolverine Trading LLC acquired a new stake in shares of Soho House & Co Inc. in the 3rd quarter worth approximately $97,000. Institutional investors and hedge funds own 62.35% of the company’s stock.

Soho House & Co Inc. Company Profile

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.