Soho House & Co Inc. (NYSE:SHCO) Shares Gap Down After Earnings Miss

Soho House & Co Inc. (NYSE:SHCO)’s stock price gapped down prior to trading on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $6.18, but opened at $5.76. Soho House & Co Inc. shares last traded at $6.37, with a volume of 77,132 shares trading hands.

The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $305.54 million for the quarter, compared to the consensus estimate of $305.54 million.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in Soho House & Co Inc. in the fourth quarter valued at approximately $40,000. Barclays PLC increased its holdings in Soho House & Co Inc. by 1,255.3% in the third quarter. Barclays PLC now owns 8,132 shares of the company’s stock valued at $41,000 after purchasing an additional 7,532 shares during the last quarter. Covestor Ltd acquired a new position in Soho House & Co Inc. in the fourth quarter valued at about $59,000. FMR LLC boosted its holdings in Soho House & Co Inc. by 303.7% during the third quarter. FMR LLC now owns 13,479 shares of the company’s stock worth $69,000 after buying an additional 10,140 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Soho House & Co Inc. during the 4th quarter worth about $82,000. 62.35% of the stock is currently owned by institutional investors.

Soho House & Co Inc. Price Performance

The company’s 50 day simple moving average is $7.16 and its 200 day simple moving average is $6.25. The stock has a market cap of $1.25 billion, a P/E ratio of -9.10 and a beta of 0.55.

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.