Soho House & Co Inc. (NYSE:SHCO) Sets New 52-Week High – Time to Buy?

Soho House & Co Inc. (NYSE:SHCO) shares hit a new 52-week high on Wednesday . The company traded as high as $8.95 and last traded at $8.9450, with a volume of 259465 shares traded. The stock had previously closed at $8.93.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SHCO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Soho House & Co Inc. in a research note on Wednesday, October 8th. Zacks Research downgraded Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.00.

Soho House & Co Inc. Trading Up 0.2%

The company has a market cap of $1.75 billion, a price-to-earnings ratio of -22.36 and a beta of 0.69. The firm has a 50-day moving average price of $8.86 and a 200 day moving average price of $8.10.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.12). The business had revenue of $370.75 million during the quarter, compared to the consensus estimate of $352.80 million. Soho House & Co Inc. had a negative return on equity of 4.02% and a negative net margin of 6.00%. Research analysts anticipate that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Soho House & Co Inc.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Third Point LLC lifted its stake 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 acquiring an additional 2,847,924 shares during the period. Magnetar Financial LLC acquired a new position in shares of Soho House & Co Inc. during the third quarter valued at approximately $18,199,000. Pentwater Capital Management LP bought a new stake in Soho House & Co Inc. during the third quarter worth approximately $13,063,000. Woodline Partners LP acquired a new stake in Soho House & Co Inc. in the third quarter worth approximately $11,195,000. Finally, Qube Research & Technologies Ltd bought a new position in Soho House & Co Inc. during the 3rd quarter valued at $10,633,000. Institutional investors 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.