Algert Global LLC Sells 3,535 Shares of Soho House & Co Inc. (NYSE:SHCO)

Algert Global LLC trimmed its holdings in shares of Soho House & Co Inc. (NYSE:SHCO) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 119,609 shares of the company’s stock after selling 3,535 shares during the period. Algert Global LLC’s holdings in Soho House & Co Inc. were worth $635,000 as of its most recent SEC filing.

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

Soho House & Co Inc. Price Performance

NYSE SHCO opened at $5.29 on Friday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -6.96 and a beta of 0.76. Soho House & Co Inc. has a 1-year low of $4.35 and a 1-year high of $8.48. The business’s fifty day moving average price is $5.39 and its 200-day moving average price is $5.45.

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

Insider Buying and Selling

In other news, CEO Andrew Carnie sold 22,510 shares of Soho House & Co Inc. stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $5.08, for a total transaction of $114,350.80. Following the transaction, the chief executive officer now directly owns 895,437 shares of the company’s stock, valued at $4,548,819.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Andrew Carnie sold 22,510 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $5.08, for a total value of $114,350.80. Following the completion of the sale, the chief executive officer now directly owns 895,437 shares of the company’s stock, valued at $4,548,819.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Thomas Glassbrooke Allen sold 8,557 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $6.09, for a total transaction of $52,112.13. Following the sale, the chief financial officer now owns 87,143 shares in the company, valued at $530,700.87. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 177,344 shares of company stock valued at $1,002,900. 75.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on SHCO shares. Roth Mkm reissued a “buy” rating and set a $7.50 price objective on shares of Soho House & Co Inc. in a research report on Monday, August 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $5.50 price objective on shares of Soho House & Co Inc. in a research report on Tuesday, September 3rd.

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.