Membership Collective Group (NYSE:MCG) Stock Price Down 1.1%

Shares of Membership Collective Group Inc. (NYSE:MCG) were down 1.1% on Friday . The stock traded as low as $5.20 and last traded at $5.30. Approximately 142,183 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 335,312 shares. The stock had previously closed at $5.36.

Membership Collective Group Stock Performance

The company has a market capitalization of $309.62 million, a P/E ratio of -4.27 and a beta of 1.23. The firm has a 50 day moving average price of $5.81 and a two-hundred day moving average price of $6.44. The company has a debt-to-equity ratio of 38.11, a quick ratio of 0.82 and a current ratio of 0.96.

Institutional Investors Weigh In On Membership Collective Group

A number of large investors have recently bought and sold shares of the business. Barclays PLC grew its position in Membership Collective Group by 535,000.0% during the 2nd quarter. Barclays PLC now owns 5,351 shares of the company’s stock worth $35,000 after acquiring an additional 5,350 shares during the last quarter. Jane Street Group LLC bought a new stake in Membership Collective Group during the 4th quarter worth approximately $65,000. Susquehanna Fundamental Investments LLC bought a new stake in Membership Collective Group during the 4th quarter worth approximately $177,000. Millennium Management LLC grew its position in Membership Collective Group by 62.6% during the 4th quarter. Millennium Management LLC now owns 1,025,244 shares of the company’s stock worth $3,834,000 after acquiring an additional 394,745 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in Membership Collective Group during the 4th quarter worth approximately $102,000. 68.02% of the stock is currently owned by institutional investors.

Membership Collective Group Company Profile

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.