Swiss National Bank Trims Holdings in Soho House & Co Inc. $SHCO

Swiss National Bank trimmed its stake in Soho House & Co Inc. (NYSE:SHCO) by 6.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 66,200 shares of the company’s stock after selling 4,400 shares during the period. Swiss National Bank’s holdings in Soho House & Co Inc. were worth $409,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. purchased a new stake in Soho House & Co Inc. in the fourth quarter valued at approximately $790,000. Third Point LLC purchased a new stake in shares of Soho House & Co Inc. in the 4th quarter valued at $17,523,000. Renaissance Technologies LLC purchased a new stake in shares of Soho House & Co Inc. in the 4th quarter valued at $742,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Soho House & Co Inc. by 53.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,416 shares of the company’s stock valued at $1,083,000 after buying an additional 50,723 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Soho House & Co Inc. in the 4th quarter valued at $101,000. Hedge funds and other institutional investors own 62.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on SHCO shares. Roth Capital lowered shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Zacks Research raised shares of Soho House & Co Inc. to a “strong-buy” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.25.

Insider Activity at Soho House & Co Inc.

In other news, CEO Andrew Carnie sold 100,000 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $6.38, for a total value of $638,000.00. Following the transaction, the chief executive officer owned 1,103,975 shares in the company, valued at approximately $7,043,360.50. This represents a 8.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 74.70% of the company’s stock.

Soho House & Co Inc. Trading Up 0.1%

Shares of NYSE:SHCO opened at $8.84 on Thursday. Soho House & Co Inc. has a 52 week low of $4.60 and a 52 week high of $8.88. The company’s 50 day moving average is $7.31 and its two-hundred day moving average is $6.70. The company has a market cap of $1.72 billion, a PE ratio of -29.45, a P/E/G ratio of 1.96 and a beta of 0.66.

Soho House & Co Inc. (NYSE:SHCO) last posted its earnings results on Friday, August 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.21. The firm had revenue of $329.80 million for 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%. As a group, equities research analysts expect that Soho House & Co Inc. will post -0.43 EPS for the current year.

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.