SG Americas Securities LLC Invests $528,000 in Soho House & Co Inc. $SHCO

SG Americas Securities LLC acquired a new position in Soho House & Co Inc. (NYSE:SHCO) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 59,706 shares of the company’s stock, valued at approximately $528,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CWM LLC grew its stake in Soho House & Co Inc. by 2,507.0% in the 2nd quarter. CWM LLC now owns 4,093 shares of the company’s stock worth $30,000 after buying an additional 3,936 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Soho House & Co Inc. by 551.8% during the 2nd quarter. Bank of America Corp DE now owns 6,766 shares of the company’s stock worth $50,000 after acquiring an additional 5,728 shares during the last quarter. Osaic Holdings Inc. grew its position in Soho House & Co Inc. by 37.4% in the second quarter. Osaic Holdings Inc. now owns 7,867 shares of the company’s stock worth $58,000 after acquiring an additional 2,143 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in Soho House & Co Inc. in the second quarter valued at $82,000. Finally, Diametric Capital LP purchased a new stake in Soho House & Co Inc. during the second quarter valued at about $107,000. 62.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SHCO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Soho House & Co Inc. in a research note on Wednesday. Zacks Research downgraded Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $9.00.

Soho House & Co Inc. Price Performance

Shares of SHCO stock opened at $8.91 on Friday. The business has a 50-day moving average of $8.79 and a 200 day moving average of $8.44. Soho House & Co Inc. has a 1-year low of $4.77 and a 1-year high of $8.98. The stock has a market capitalization of $1.74 billion, a PE ratio of -22.26 and a beta of 0.69.

Soho House & Co Inc. (NYSE:SHCO) last announced its quarterly earnings results on Friday, November 7th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.12). The company had revenue of $370.75 million during the quarter, compared to analysts’ expectations of $352.80 million. Soho House & Co Inc. had a negative return on equity of 4.02% and a negative net margin of 6.00%. Analysts anticipate 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 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.