Soho House & Co Inc. (NYSE:SHCO) Trading 0.1% Higher – Should You Buy?

Soho House & Co Inc. (NYSE:SHCO) was up 0.1% during mid-day trading on Monday . The company traded as high as $8.87 and last traded at $8.87. Approximately 122,447 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 343,701 shares. The stock had previously closed at $8.86.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SHCO. Roth Capital lowered Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Soho House & Co Inc. in a report on Saturday, September 27th. Finally, Zacks Research raised Soho House & Co Inc. to a “strong-buy” rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.00.

Soho House & Co Inc. Price Performance

The company has a 50-day moving average of $8.30 and a 200 day moving average of $7.06. The company has a market cap of $1.73 billion, a PE ratio of -29.57 and a beta of 0.69.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings data on Friday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.21. The business had revenue of $329.80 million during the quarter, compared to analyst estimates of $316.79 million. Soho House & Co Inc. had a negative return on equity of 4.02% and a negative net margin of 4.67%. Equities research analysts expect that Soho House & Co Inc. will post -0.43 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Andrew Carnie sold 100,000 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $6.38, for a total value of $638,000.00. Following the completion of the sale, the chief executive officer directly owned 1,103,975 shares in the company, valued at $7,043,360.50. This trade represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 74.70% of the company’s stock.

Institutional Investors Weigh In On Soho House & Co Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Third Point LLC boosted its stake in shares of Soho House & Co Inc. by 121.1% during 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 during the period. Scoggin Management LP lifted its stake in Soho House & Co Inc. by 5.6% in the second quarter. Scoggin Management LP now owns 2,150,000 shares of the company’s stock worth $15,802,000 after purchasing an additional 113,800 shares during the last quarter. TIG Advisors LLC lifted its stake in Soho House & Co Inc. by 19.2% in the first 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 during the last quarter. Thematics Asset Management boosted its position in shares of Soho House & Co Inc. by 12.7% during the second quarter. Thematics Asset Management now owns 548,754 shares of the company’s stock valued at $4,033,000 after buying an additional 61,728 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its position in shares of Soho House & Co Inc. by 4,793.2% during the second quarter. Orion Porfolio Solutions LLC now owns 514,128 shares of the company’s stock valued at $3,779,000 after buying an additional 503,621 shares during the period. Hedge funds and other institutional investors own 62.35% of the company’s stock.

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.