Soho House & Co Inc. (NYSE:SHCO) Sees Unusually-High Trading Volume – Still a Buy?

Soho House & Co Inc. (NYSE:SHCO) saw an uptick in trading volume on Wednesday . 922,616 shares changed hands during mid-day trading, an increase of 63% from the previous session’s volume of 566,530 shares.The stock last traded at $8.8150 and had previously closed at $8.70.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Soho House & Co Inc. in a research report on Wednesday, October 8th. Zacks Research cut shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Roth Capital cut Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.00.

Soho House & Co Inc. Price Performance

The firm’s fifty day moving average is $8.86 and its 200-day moving average is $7.75. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of -22.01 and a beta of 0.69.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Third Point LLC grew its holdings in shares of Soho House & Co Inc. by 121.1% during the first quarter. Third Point LLC now owns 5,200,000 shares of the company’s stock worth $32,136,000 after buying an additional 2,847,924 shares in the last quarter. Magnetar Financial LLC acquired a new position in Soho House & Co Inc. in the 3rd quarter worth about $18,199,000. Pentwater Capital Management LP acquired a new stake in Soho House & Co Inc. in the third quarter valued at $13,063,000. Woodline Partners LP acquired a new position in shares of Soho House & Co Inc. in the 3rd quarter worth approximately $11,195,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Soho House & Co Inc. during the 3rd quarter worth approximately $10,633,000. Institutional investors and hedge funds 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.