Soho House & Co Inc. (NYSE:SHCO) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its position in Soho House & Co Inc. (NYSE:SHCO) by 21.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,100 shares of the company’s stock after selling 4,100 shares during the period. Daiwa Securities Group Inc.’s holdings in Soho House & Co Inc. were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SHCO. Barclays PLC purchased a new stake in Soho House & Co Inc. in the 3rd quarter worth $45,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Soho House & Co Inc. in the 3rd quarter worth $59,000. Arizona State Retirement System purchased a new stake in Soho House & Co Inc. in the 3rd quarter worth $69,000. Corton Capital Inc. purchased a new stake in Soho House & Co Inc. in the 3rd quarter worth $89,000. Finally, Jump Financial LLC purchased a new stake in Soho House & Co Inc. in the 3rd quarter worth $90,000. 62.35% of the stock is currently owned by institutional investors and hedge funds.

Soho House & Co Inc. Stock Down 1.4 %

Soho House & Co Inc. stock opened at $5.66 on Friday. Soho House & Co Inc. has a 52-week low of $4.35 and a 52-week high of $8.48. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -9.43 and a beta of 0.73. The company has a fifty day simple moving average of $5.72 and a 200-day simple moving average of $6.40.

Soho House & Co Inc. (NYSE:SHCO) last announced its quarterly earnings data on Friday, March 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The company had revenue of $290.79 million for the quarter, compared to analysts’ expectations of $303.05 million. On average, research analysts anticipate that Soho House & Co Inc. will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

SHCO has been the subject of several recent analyst reports. Citigroup cut their price target on shares of Soho House & Co Inc. from $11.00 to $10.00 and set a “buy” rating for the company in a report on Monday, February 12th. Roth Mkm cut their price target on shares of Soho House & Co Inc. from $10.00 to $7.50 and set a “buy” rating for the company in a report on Monday, March 18th. Finally, William Blair reissued an “outperform” rating on shares of Soho House & Co Inc. in a report on Monday, March 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.50.

Soho House & Co Inc. Company Profile

Soho House & Co Inc operates a global membership platform of physical and digital spaces that connects a group of members. The company helps the members to use the platform to work, socialize, connect, create, and flourish all over the world. The company was formerly known as Membership Collective Group Inc and changed its name to Soho House & Co Inc in March 2023.