Soho House & Co Inc. (NYSE:SHCO) Short Interest Down 28.1% in December

Soho House & Co Inc. (NYSE:SHCO) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 3,535,593 shares, a decrease of 28.1% from the November 30th total of 4,919,550 shares. Based on an average daily volume of 789,928 shares, the days-to-cover ratio is presently 4.5 days. Approximately 7.1% of the shares of the stock are short sold. Approximately 7.1% of the shares of the stock are short sold. Based on an average daily volume of 789,928 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Third Point LLC increased its stake in shares of Soho House & Co Inc. by 121.1% in the 1st quarter. Third Point LLC now owns 5,200,000 shares of the company’s stock valued at $32,136,000 after buying an additional 2,847,924 shares during the period. Magnetar Financial LLC acquired a new stake in Soho House & Co Inc. in the third quarter worth about $18,199,000. Pentwater Capital Management LP bought a new stake in Soho House & Co Inc. during the 3rd quarter worth about $13,063,000. Woodline Partners LP acquired a new position in Soho House & Co Inc. during the 3rd quarter valued at about $11,195,000. Finally, Qube Research & Technologies Ltd acquired a new position in Soho House & Co Inc. during the 3rd quarter valued at about $10,633,000. 62.35% of the stock is currently owned by institutional investors.

Soho House & Co Inc. Stock Up 0.1%

Shares of NYSE:SHCO opened at $8.97 on Monday. The firm has a market cap of $1.75 billion, a P/E ratio of -22.41 and a beta of 0.69. Soho House & Co Inc. has a 12 month low of $4.77 and a 12 month high of $8.97. The company’s 50-day moving average price is $8.88 and its two-hundred day moving average price is $8.25.

Soho House & Co Inc. (NYSE:SHCO) last announced its earnings results on Friday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.12). Soho House & Co Inc. had a negative return on equity of 4.02% and a negative net margin of 6.00%.The company had revenue of $370.75 million for the quarter, compared to analyst estimates of $352.80 million. As a group, equities analysts predict that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on SHCO. Weiss Ratings reissued a “sell (d-)” rating on shares of Soho House & Co Inc. in a report on Wednesday, October 8th. Zacks Research lowered shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Soho House & Co Inc. has an average rating of “Hold” and a consensus target price of $9.00.

About Soho House & Co Inc.

Soho House & Co Inc is a global hospitality and membership company that operates a network of private clubs, hotels, restaurants, workspaces and leisure facilities aimed primarily at creative professionals. Its core offering revolves around exclusive, members-only “Houses” that combine social spaces, dining venues, screening rooms, spas and event programming under one roof. The company’s diversified portfolio extends to branded hotels and short-stay locations, as well as co-working facilities under the Soho Works banner.

The company was founded in 1995 by Nick Jones in London, with the inaugural House offering serving emerging artists, filmmakers and designers.