Soho House & Co Inc. (NYSE:SHCO) Stock Price Up 0.1% – Here’s What Happened

Shares of Soho House & Co Inc. (NYSE:SHCO) rose 0.1% during mid-day trading on Monday . The company traded as high as $8.87 and last traded at $8.87. Approximately 122,447 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 343,701 shares. The stock had previously closed at $8.86.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SHCO. Zacks Research raised Soho House & Co Inc. to a “strong-buy” rating in a research report on Tuesday, August 12th. Roth Capital cut shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Soho House & Co Inc. in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Soho House & Co Inc. Stock Up 0.1%

The stock has a market cap of $1.73 billion, a P/E ratio of -29.57 and a beta of 0.69. The firm has a 50 day moving average price of $8.30 and a 200 day moving average price of $7.06.

Soho House & Co Inc. (NYSE:SHCO) last released its earnings results on Friday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.21. Soho House & Co Inc. had a negative net margin of 4.67% and a negative return on equity of 4.02%. The company had revenue of $329.80 million during the quarter, compared to analyst estimates of $316.79 million. Equities analysts predict that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Activity at Soho House & Co Inc.

In related news, CEO Andrew Carnie sold 100,000 shares of Soho House & Co Inc. stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $6.38, for a total transaction of $638,000.00. Following the transaction, the chief executive officer owned 1,103,975 shares in the company, valued at approximately $7,043,360.50. The trade was a 8.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 74.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Soho House & Co Inc.

A number of hedge funds have recently made changes to their positions in SHCO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Soho House & Co Inc. by 53.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,416 shares of the company’s stock worth $1,083,000 after purchasing an additional 50,723 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Soho House & Co Inc. in the 1st quarter worth approximately $30,000. Mount Lucas Management LP bought a new position in Soho House & Co Inc. in the 1st quarter worth approximately $216,000. HighTower Advisors LLC purchased a new stake in Soho House & Co Inc. during the 1st quarter valued at approximately $79,000. Finally, Rathbones Group PLC raised its position in shares of Soho House & Co Inc. by 11.6% during the first quarter. Rathbones Group PLC now owns 40,850 shares of the company’s stock valued at $252,000 after buying an additional 4,250 shares during the last quarter. Institutional investors 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.