Soho House & Co Inc. (NYSE:SHCO) Shares Up 6% – Time to Buy?

Soho House & Co Inc. (NYSE:SHCO) shot up 6% during mid-day trading on Friday . The stock traded as high as $6.76 and last traded at $6.80. 90,360 shares changed hands during trading, a decline of 71% from the average session volume of 314,740 shares. The stock had previously closed at $6.42.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a “buy” rating and set a $9.00 target price on shares of Soho House & Co Inc. in a research report on Wednesday, April 2nd.

Soho House & Co Inc. Trading Up 5.5%

The firm has a market cap of $1.32 billion, a P/E ratio of -9.68 and a beta of 0.61. The firm has a 50-day simple moving average of $5.95 and a 200-day simple moving average of $6.36.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.18. The business had revenue of $282.86 million during the quarter, compared to analyst estimates of $275.60 million. Research analysts predict that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of Soho House & Co Inc.

A number of institutional investors have recently made changes to their positions in the business. Third Point LLC boosted its position in shares of Soho House & Co Inc. by 121.1% in the 1st quarter. Third Point LLC now owns 5,200,000 shares of the company’s stock worth $32,136,000 after purchasing an additional 2,847,924 shares in the last quarter. TIG Advisors LLC boosted its position in shares of Soho House & Co Inc. by 19.2% in the 1st quarter. TIG Advisors LLC now owns 1,183,571 shares of the company’s stock worth $7,314,000 after purchasing an additional 191,017 shares in the last quarter. Groupe la Francaise acquired a new stake in shares of Soho House & Co Inc. in the 1st quarter worth $1,192,000. Algert Global LLC boosted its position in shares of Soho House & Co Inc. by 41.4% in the 1st quarter. Algert Global LLC now owns 173,631 shares of the company’s stock worth $1,073,000 after purchasing an additional 50,820 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Soho House & Co Inc. by 53.6% in the 4th 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. 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.