Soho House & Co Inc. (NYSE:SHCO) Shares Down 2.4% – Should You Sell?

Soho House & Co Inc. (NYSE:SHCO)’s stock price traded down 2.4% during trading on Tuesday . The company traded as low as $5.25 and last traded at $5.32. 78,382 shares traded hands during trading, a decline of 61% from the average session volume of 202,519 shares. The stock had previously closed at $5.45.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $5.50 target price on shares of Soho House & Co Inc. in a report on Tuesday, September 3rd. Roth Mkm reissued a “buy” rating and issued a $7.50 target price on shares of Soho House & Co Inc. in a report on Monday, August 12th.

Soho House & Co Inc. Trading Down 2.4 %

The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -5.78 and a beta of 0.75. The firm’s 50-day moving average is $5.31 and its 200 day moving average is $5.38.

Insider Transactions at Soho House & Co Inc.

In other news, CFO Thomas Glassbrooke Allen sold 32,336 shares of Soho House & Co Inc. stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $6.03, for a total value of $194,986.08. Following the completion of the sale, the chief financial officer now owns 95,700 shares in the company, valued at $577,071. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 62,354 shares of company stock worth $370,284. Company insiders own 74.20% of the company’s stock.

Hedge Funds Weigh In On Soho House & Co Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Walleye Trading LLC bought a new stake in shares of Soho House & Co Inc. during the first quarter valued at about $79,000. GSA Capital Partners LLP increased its position in shares of Soho House & Co Inc. by 5.2% in the third quarter. GSA Capital Partners LLP now owns 194,025 shares of the company’s stock worth $990,000 after purchasing an additional 9,524 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Soho House & Co Inc. by 9.0% in the second quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock worth $609,000 after purchasing an additional 9,502 shares during the last quarter. Symmetry Investments LP increased its position in shares of Soho House & Co Inc. by 93.0% in the second quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock worth $102,000 after purchasing an additional 9,300 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Soho House & Co Inc. by 13.9% in the third quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock worth $88,000 after purchasing an additional 2,100 shares during the last quarter. 62.35% of the stock is owned by hedge funds and other institutional investors.

About Soho House & Co Inc.

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.