Soho House & Co Inc. (NYSE:SHCO) Shares Down 5.1% – Should You Sell?

Soho House & Co Inc. (NYSE:SHCO)’s share price dropped 5.1% during trading on Tuesday . The company traded as low as $6.76 and last traded at $6.69. Approximately 110,725 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 511,683 shares. The stock had previously closed at $7.05.

Soho House & Co Inc. Stock Performance

The stock’s 50 day moving average price is $7.28 and its 200 day moving average price is $6.21. The company has a market capitalization of $1.28 billion, a P/E ratio of -9.41 and a beta of 0.55.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its position in shares of Soho House & Co Inc. by 1,255.3% during the 3rd quarter. Barclays PLC now owns 8,132 shares of the company’s stock worth $41,000 after purchasing an additional 7,532 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Soho House & Co Inc. by 831.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 65,376 shares of the company’s stock valued at $333,000 after purchasing an additional 58,356 shares during the last quarter. FMR LLC increased its holdings in Soho House & Co Inc. by 303.7% during the 3rd quarter. FMR LLC now owns 13,479 shares of the company’s stock worth $69,000 after purchasing an additional 10,140 shares in the last quarter. Jane Street Group LLC grew its holdings in Soho House & Co Inc. by 28.1% during the third quarter. Jane Street Group LLC now owns 23,972 shares of the company’s stock worth $122,000 after buying an additional 5,255 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Soho House & Co Inc. by 13.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock worth $88,000 after acquiring an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 62.35% of the company’s stock.

About Soho House & Co Inc.

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.