Roth Mkm Reiterates “Buy” Rating for Soho House & Co Inc. (NYSE:SHCO)

Soho House & Co Inc. (NYSE:SHCO)‘s stock had its “buy” rating reiterated by investment analysts at Roth Mkm in a note issued to investors on Wednesday,Benzinga reports. They currently have a $9.00 price objective on the stock. Roth Mkm’s price target would suggest a potential upside of 44.00% from the company’s previous close.

Soho House & Co Inc. Stock Down 1.9 %

Soho House & Co Inc. stock traded down $0.12 during trading hours on Wednesday, hitting $6.25. The stock had a trading volume of 277,001 shares, compared to its average volume of 497,352. The stock’s 50-day moving average price is $7.14 and its 200-day moving average price is $6.25. Soho House & Co Inc. has a 12-month low of $4.43 and a 12-month high of $8.47. The stock has a market capitalization of $1.21 billion, a P/E ratio of -8.93 and a beta of 0.55.

Institutional Trading of Soho House & Co Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new position in shares of Soho House & Co Inc. during the fourth quarter valued at $40,000. Barclays PLC raised its position in Soho House & Co Inc. by 1,255.3% in the 3rd quarter. Barclays PLC now owns 8,132 shares of the company’s stock worth $41,000 after buying an additional 7,532 shares during the last quarter. Covestor Ltd bought a new position in Soho House & Co Inc. during the 4th quarter valued at about $59,000. FMR LLC boosted its holdings in shares of Soho House & Co Inc. by 303.7% during the 3rd quarter. FMR LLC now owns 13,479 shares of the company’s stock valued at $69,000 after acquiring an additional 10,140 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Soho House & Co Inc. during the 4th quarter valued at about $82,000. Institutional investors own 62.35% of the company’s stock.

About Soho House & Co Inc.

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.