Soho House & Co Inc. (NYSE:SHCO) Sees Unusually-High Trading Volume – What’s Next?

Soho House & Co Inc. (NYSE:SHCO) saw unusually-high trading volume on Wednesday . Approximately 922,616 shares changed hands during trading, an increase of 63% from the previous session’s volume of 566,530 shares.The stock last traded at $8.8150 and had previously closed at $8.70.

Analyst Ratings Changes

A number of research firms recently weighed in on SHCO. Roth Capital lowered shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Zacks Research downgraded shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Soho House & Co Inc. in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.00.

Soho House & Co Inc. Stock Performance

The firm has a 50 day moving average of $8.86 and a two-hundred day moving average of $7.75. The stock has a market cap of $1.72 billion, a P/E ratio of -22.01 and a beta of 0.69.

Soho House & Co Inc. (NYSE:SHCO) last issued its quarterly earnings results on Friday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.12). The firm had revenue of $370.75 million for the quarter, compared to the consensus estimate of $352.80 million. Soho House & Co Inc. had a negative net margin of 6.00% and a negative return on equity of 4.02%. On average, sell-side analysts anticipate that Soho House & Co Inc. will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Soho House & Co Inc.

Institutional investors and hedge funds have recently made changes to their positions in the company. Mount Lucas Management LP bought a new position in Soho House & Co Inc. during the 1st quarter worth approximately $216,000. HighTower Advisors LLC acquired a new position in Soho House & Co Inc. during the 1st quarter worth approximately $79,000. Rathbones Group PLC grew its position in Soho House & Co Inc. by 11.6% in the first quarter. Rathbones Group PLC now owns 40,850 shares of the company’s stock valued at $252,000 after purchasing an additional 4,250 shares in the last quarter. Algert Global LLC grew its stake in Soho House & Co Inc. by 41.4% in the first quarter. Algert Global LLC now owns 173,631 shares of the company’s stock valued at $1,073,000 after purchasing an additional 50,820 shares in the last quarter. Finally, EntryPoint Capital LLC increased its holdings in Soho House & Co Inc. by 510.7% during the first quarter. EntryPoint Capital LLC now owns 66,706 shares of the company’s stock worth $412,000 after buying an additional 55,783 shares during the last quarter. Institutional investors own 62.35% of the company’s stock.

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.