Soho House & Co Inc. (NYSE:SHCO) Stock Price Up 6.7%

Soho House & Co Inc. (NYSE:SHCO) shares shot up 6.7% during trading on Friday . The stock traded as high as $5.25 and last traded at $5.25. 48,297 shares traded hands during trading, a decline of 78% from the average session volume of 221,270 shares. The stock had previously closed at $4.92.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SHCO. Roth Mkm reiterated a “buy” rating and issued a $7.50 price target on shares of Soho House & Co Inc. in a research report on Monday, August 12th. Citigroup dropped their price objective on Soho House & Co Inc. from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, June 3rd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $5.50 target price on shares of Soho House & Co Inc. in a report on Tuesday, September 3rd.

Soho House & Co Inc. Trading Up 8.1 %

The company’s 50-day moving average is $5.42 and its 200-day moving average is $5.47. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -6.95 and a beta of 0.78.

Soho House & Co Inc. (NYSE:SHCO) last issued its earnings results on Friday, August 9th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The business had revenue of $305.15 million during the quarter, compared to analysts’ expectations of $302.73 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. Equities research analysts forecast that Soho House & Co Inc. will post -0.38 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Andrew Carnie sold 22,510 shares of Soho House & Co Inc. stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $5.08, for a total transaction of $114,350.80. Following the sale, the chief executive officer now directly owns 895,437 shares of the company’s stock, valued at approximately $4,548,819.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Soho House & Co Inc. news, CFO Thomas Glassbrooke Allen sold 21,461 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $5.74, for a total value of $123,186.14. Following the completion of the transaction, the chief financial officer now directly owns 119,532 shares in the company, valued at $686,113.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Carnie sold 22,510 shares of Soho House & Co Inc. stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $5.08, for a total value of $114,350.80. Following the sale, the chief executive officer now directly owns 895,437 shares in the company, valued at $4,548,819.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,344 shares of company stock valued at $1,002,900. 75.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Soho House & Co Inc.

A number of hedge funds have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. acquired a new position in Soho House & Co Inc. in the first quarter valued at approximately $411,000. Thematics Asset Management boosted its stake in Soho House & Co Inc. by 4.3% during the fourth quarter. Thematics Asset Management now owns 407,731 shares of the company’s stock worth $2,903,000 after acquiring an additional 16,814 shares in the last quarter. Walleye Trading LLC bought a new position in Soho House & Co Inc. during the first quarter worth $79,000. Renaissance Technologies LLC grew its holdings in Soho House & Co Inc. by 9.0% in the second quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock worth $609,000 after purchasing an additional 9,502 shares during the period. Finally, Symmetry Investments LP increased its stake in Soho House & Co Inc. by 93.0% in the second quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock valued at $102,000 after purchasing an additional 9,300 shares in the last quarter. 62.35% of the stock is currently owned by institutional investors.

Soho House & Co Inc. Company Profile

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.