Membership Collective Group Inc. (NYSE:MCG) Director Richard Caring Purchases 9,100 Shares

Membership Collective Group Inc. (NYSE:MCGGet Rating) Director Richard Caring purchased 9,100 shares of the business’s stock in a transaction dated Thursday, June 16th. The shares were purchased at an average cost of $6.63 per share, with a total value of $60,333.00. Following the purchase, the director now directly owns 9,100 shares in the company, valued at $60,333. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Richard Caring also recently made the following trade(s):

  • On Monday, November 21st, Richard Caring bought 22,981 shares of Membership Collective Group stock. The stock was purchased at an average cost of $3.96 per share, with a total value of $91,004.76.

Membership Collective Group Trading Up 2.6 %

MCG stock traded up $0.10 during trading hours on Thursday, hitting $3.89. 292,169 shares of the stock traded hands, compared to its average volume of 571,547. Membership Collective Group Inc. has a one year low of $3.14 and a one year high of $13.52. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 38.11. The stock has a 50-day simple moving average of $4.49 and a 200 day simple moving average of $6.13.

Wall Street Analyst Weigh In

MCG has been the subject of several analyst reports. HSBC cut their target price on shares of Membership Collective Group to $7.00 in a research note on Thursday, October 20th. JPMorgan Chase & Co. cut Membership Collective Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $9.00 to $7.00 in a report on Thursday, November 17th. Citigroup lowered their price target on Membership Collective Group from $11.00 to $9.00 in a report on Monday, October 31st. Finally, Bank of America cut Membership Collective Group from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $12.00 to $4.00 in a report on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.79.

Institutional Investors Weigh In On Membership Collective Group

Hedge funds have recently bought and sold shares of the business. Natixis Investment Managers International acquired a new position in shares of Membership Collective Group during the 2nd quarter valued at about $33,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Membership Collective Group in the 3rd quarter valued at approximately $40,000. Ensign Peak Advisors Inc acquired a new stake in Membership Collective Group in the 3rd quarter valued at approximately $63,000. Cubist Systematic Strategies LLC acquired a new stake in Membership Collective Group in the 3rd quarter valued at approximately $63,000. Finally, Virtu Financial LLC acquired a new stake in Membership Collective Group in the 1st quarter valued at approximately $91,000. 69.25% of the stock is owned by hedge funds and other institutional investors.

Membership Collective Group Company Profile

(Get Rating)

Membership Collective Group Inc operates a global membership platform of physical and digital spaces that connects members worldwide. The company's members use the MCG platform to work and socialize, connect, create, and have fun. As of January 2, 2022, it served approximately 155,800 members through a portfolio of 33 Soho Houses, 9 Soho Works clubs, The Ned in London, Soho Home, and Scorpios Beach Club in Mykonos, as well as digital channels.

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Insider Buying and Selling by Quarter for Membership Collective Group (NYSE:MCG)

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