Soho House & Co Inc. (NYSE:SHCO) Sees Strong Trading Volume – Here’s Why

Posted by Linda Flegge on Jan 14th, 2025

Soho House & Co Inc. (NYSE:SHCO – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 660,113 shares were traded during trading, an increase of 146% from the previous session’s volume of 268,493 shares.The stock last traded at $7.71 and had previously closed at $7.77.

Soho House & Co Inc. Price Performance

The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -8.23 and a beta of 0.52. The firm’s fifty day moving average is $5.94 and its 200-day moving average is $5.61.

Institutional Trading of Soho House & Co Inc.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in Soho House & Co Inc. by 1,255.3% during the third quarter. Barclays PLC now owns 8,132 shares of the company’s stock worth $41,000 after purchasing an additional 7,532 shares during the last quarter. FMR LLC lifted its position in shares of Soho House & Co Inc. by 303.7% during the 3rd quarter. FMR LLC now owns 13,479 shares of the company’s stock worth $69,000 after buying an additional 10,140 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Soho House & Co Inc. by 13.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock worth $88,000 after buying an additional 2,100 shares during the last quarter. Wolverine Trading LLC bought a new position in shares of Soho House & Co Inc. in the third quarter valued at approximately $97,000. Finally, Symmetry Investments LP increased its position in shares of Soho House & Co Inc. by 93.0% during the second quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock valued at $102,000 after acquiring an additional 9,300 shares during the last quarter. 62.35% of the stock is owned by institutional investors.

About Soho House & Co Inc.

(Get Free Report)

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.