Soho House & Co Inc. (NYSE:SHCO) Short Interest Update

Soho House & Co Inc. (NYSE:SHCO) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 2,798,213 shares, a decline of 20.9% from the December 15th total of 3,535,593 shares. Currently, 5.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 351,656 shares, the short-interest ratio is presently 8.0 days. Based on an average daily trading volume, of 351,656 shares, the short-interest ratio is presently 8.0 days. Currently, 5.7% of the shares of the stock are short sold.

Institutional Trading of Soho House & Co Inc.

Hedge funds have recently made changes to their positions in the business. Quarry LP bought a new stake in Soho House & Co Inc. in the third quarter worth about $29,000. CWM LLC grew its holdings in Soho House & Co Inc. by 2,507.0% in the second quarter. CWM LLC now owns 4,093 shares of the company’s stock worth $30,000 after purchasing an additional 3,936 shares during the last quarter. Bank of America Corp DE raised its position in shares of Soho House & Co Inc. by 551.8% in the 2nd quarter. Bank of America Corp DE now owns 6,766 shares of the company’s stock valued at $50,000 after purchasing an additional 5,728 shares during the last quarter. AlphaQuest LLC grew its stake in Soho House & Co Inc. by 65.8% during the 3rd quarter. AlphaQuest LLC now owns 7,126 shares of the company’s stock valued at $63,000 after purchasing an additional 2,827 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Soho House & Co Inc. by 37.4% in the 2nd quarter. Osaic Holdings Inc. now owns 7,867 shares of the company’s stock valued at $58,000 after acquiring an additional 2,143 shares during the last quarter. 62.35% of the stock is currently owned by hedge funds and other institutional investors.

Soho House & Co Inc. Trading Down 0.1%

NYSE:SHCO traded down $0.01 during mid-day trading on Tuesday, reaching $8.89. The company’s stock had a trading volume of 559,710 shares, compared to its average volume of 3,207,664. The firm’s fifty day moving average price is $8.79 and its two-hundred day moving average price is $8.41. The stock has a market cap of $1.74 billion, a P/E ratio of -22.21 and a beta of 0.69. Soho House & Co Inc. has a 12-month low of $4.77 and a 12-month high of $8.98.

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

Analyst Ratings Changes

Several brokerages have commented on SHCO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Soho House & Co Inc. in a report on Wednesday, October 8th. Zacks Research lowered Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.00.

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.