Soho House & Co Inc. (NYSE:SHCO) Reaches New 12-Month High – Here’s Why

Soho House & Co Inc. (NYSE:SHCO) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8.94 and last traded at $8.8950, with a volume of 6850 shares changing hands. The stock had previously closed at $8.83.

Analyst Ratings Changes

SHCO has been the topic of a number of recent research reports. Zacks Research cut Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Soho House & Co Inc. in a report on Wednesday, October 8th. Finally, Roth Capital cut Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. 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 company’s stock. According to data from MarketBeat.com, Soho House & Co Inc. has a consensus rating of “Hold” and a consensus target price of $9.00.

Soho House & Co Inc. Stock Up 0.1%

The firm has a market cap of $1.75 billion, a P/E ratio of -22.34 and a beta of 0.69. The business’s 50 day moving average is $8.86 and its 200-day moving average is $8.05.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings data 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 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%. As a group, equities analysts predict that Soho House & Co Inc. will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SHCO. Third Point LLC increased its holdings 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 acquiring an additional 2,847,924 shares during the last quarter. Scoggin Management LP boosted its holdings in Soho House & Co Inc. by 5.6% in the second quarter. Scoggin Management LP now owns 2,150,000 shares of the company’s stock worth $15,802,000 after purchasing an additional 113,800 shares during the period. Magnetar Financial LLC bought a new stake in Soho House & Co Inc. during the third quarter valued at $18,199,000. Pentwater Capital Management LP acquired a new stake in shares of Soho House & Co Inc. during the third quarter worth $13,063,000. Finally, Woodline Partners LP acquired a new stake in shares of Soho House & Co Inc. during the third quarter worth $11,195,000. 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.