Soho House & Co Inc. (NYSE:SHCO) Stock Price Down 4.9% – Here’s Why

Soho House & Co Inc. (NYSE:SHCO)’s stock price was down 4.9% during trading on Tuesday . The stock traded as low as $7.09 and last traded at $7.12. Approximately 68,088 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 236,613 shares. The stock had previously closed at $7.49.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated an “equal weight” rating and issued a $5.50 target price on shares of Soho House & Co Inc. in a research report on Tuesday, September 3rd.

Soho House & Co Inc. Price Performance

The firm has a 50-day simple moving average of $5.36 and a 200 day simple moving average of $5.40. The stock has a market capitalization of $1.40 billion, a P/E ratio of -7.79 and a beta of 0.70.

Institutional Investors Weigh In On Soho House & Co Inc.

Hedge funds have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. lifted its holdings in shares of Soho House & Co Inc. by 13.9% during the third quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock worth $88,000 after purchasing an additional 2,100 shares during the period. Jane Street Group LLC raised its position in Soho House & Co Inc. by 28.1% during the 3rd quarter. Jane Street Group LLC now owns 23,972 shares of the company’s stock worth $122,000 after purchasing an additional 5,255 shares during the last quarter. Barclays PLC lifted its holdings in Soho House & Co Inc. by 1,255.3% during 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 period. Symmetry Investments LP grew its position in shares of Soho House & Co Inc. by 93.0% in the 2nd quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock valued at $102,000 after buying an additional 9,300 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Soho House & Co Inc. by 9.0% in the second quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock valued at $609,000 after buying an additional 9,502 shares during the period. 62.35% of the stock is currently owned by institutional investors and hedge funds.

Soho House & Co Inc. Company Profile

Soho House & Co Inc operates a global membership platform of physical and digital spaces that connects a group of members. The company helps the members to use the platform to work, socialize, connect, create, and flourish all over the world. The company was formerly known as Membership Collective Group Inc and changed its name to Soho House & Co Inc in March 2023.