Soho House & Co Inc. (NYSE:SHCO) Trading Down 5.1% – Here’s Why

Soho House & Co Inc. (NYSE:SHCO)’s share price was down 5.1% during mid-day trading on Tuesday . The company traded as low as $6.76 and last traded at $6.69. Approximately 110,725 shares traded hands during trading, a decline of 78% from the average daily volume of 511,683 shares. The stock had previously closed at $7.05.

Soho House & Co Inc. Price Performance

The company’s 50-day simple moving average is $7.23 and its 200 day simple moving average is $6.22. The firm has a market cap of $1.30 billion, a P/E ratio of -9.58 and a beta of 0.55.

Institutional Investors Weigh In On Soho House & Co Inc.

Large investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS bought a new stake in shares of Soho House & Co Inc. in the 4th quarter valued at approximately $40,000. Barclays PLC boosted its stake 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 buying an additional 7,532 shares during the period. Covestor Ltd purchased a new position in Soho House & Co Inc. during the fourth quarter worth $59,000. FMR LLC increased its position in Soho House & Co Inc. by 303.7% during the third quarter. FMR LLC now owns 13,479 shares of the company’s stock valued at $69,000 after acquiring an additional 10,140 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Soho House & Co Inc. in the fourth quarter valued at $82,000. 62.35% of the stock is owned by institutional investors.

About Soho House & Co Inc.

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.