Soho House & Co Inc. (NYSE:SHCO) Sees Large Volume Increase – Here’s What Happened

by · The Cerbat Gem

Soho House & Co Inc. (NYSE:SHCO – Get Free Report) shares saw strong trading volume on Wednesday . 922,616 shares changed hands during mid-day 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 Upgrades and Downgrades

SHCO has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Soho House & Co Inc. in a report on Wednesday, October 8th. Roth Capital cut shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Finally, Zacks Research downgraded shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.00.

Check Out Our Latest Research Report on SHCO

Soho House & Co Inc. Stock Up 0.2%

The stock has a 50 day moving average of $8.86 and a 200 day moving average of $7.76. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -22.06 and a beta of 0.69.

Soho House & Co Inc. (NYSE:SHCO – Get Free Report) last released 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 return on equity of 4.02% and a negative net margin of 6.00%. As a group, sell-side analysts anticipate that Soho House & Co Inc. will post -0.43 EPS for the current fiscal year.

Institutional Trading of Soho House & Co Inc.

A number of institutional investors have recently bought and sold shares of SHCO. AlphaQuest LLC acquired a new stake in Soho House & Co Inc. during the 1st quarter worth about $27,000. Quarry LP acquired a new stake in Soho House & Co Inc. during the third quarter worth approximately $29,000. CWM LLC grew its stake in Soho House & Co Inc. by 2,507.0% during 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 period. Bank of America Corp DE increased its holdings in Soho House & Co Inc. by 551.8% in the second quarter. Bank of America Corp DE now owns 6,766 shares of the company’s stock worth $50,000 after purchasing an additional 5,728 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Soho House & Co Inc. by 37.4% in the second quarter. Osaic Holdings Inc. now owns 7,867 shares of the company’s stock valued at $58,000 after buying an additional 2,143 shares during the period. Institutional investors own 62.35% of the company’s stock.

Soho House & Co Inc. Company Profile

(Get Free Report)

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.

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