Soho House & Co Inc. (NYSE:SHCO) Shares Down 4.9% – Here’s What Happened

Soho House & Co Inc. (NYSE:SHCO)’s stock price dropped 4.9% during mid-day trading on Tuesday . The stock traded as low as $7.09 and last traded at $7.12. Approximately 68,088 shares changed hands during trading, a decline of 71% from the average daily volume of 236,613 shares. The stock had previously closed at $7.49.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “equal weight” rating and issued a $5.50 target price on shares of Soho House & Co Inc. in a research note on Tuesday, September 3rd.

Soho House & Co Inc. Trading Down 4.3 %

The business’s fifty day moving average price is $5.30 and its 200-day moving average price is $5.37. The company has a market capitalization of $1.40 billion, a P/E ratio of -7.79 and a beta of 0.70.

Institutional Investors Weigh In On Soho House & Co Inc.

A number of hedge funds have recently made changes to their positions in SHCO. Thematics Asset Management raised its position in Soho House & Co Inc. by 4.7% in the 3rd quarter. Thematics Asset Management now owns 496,210 shares of the company’s stock worth $2,531,000 after purchasing an additional 22,055 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Soho House & Co Inc. by 5.2% in the third quarter. GSA Capital Partners LLP now owns 194,025 shares of the company’s stock worth $990,000 after buying an additional 9,524 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Soho House & Co Inc. by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock valued at $609,000 after acquiring an additional 9,502 shares during the last quarter. Jane Street Group LLC boosted its holdings in Soho House & Co Inc. by 28.1% during the 3rd quarter. Jane Street Group LLC now owns 23,972 shares of the company’s stock valued at $122,000 after acquiring an additional 5,255 shares during the period. Finally, Symmetry Investments LP grew its position in Soho House & Co Inc. by 93.0% during the 2nd quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock worth $102,000 after acquiring an additional 9,300 shares during the last quarter. 62.35% of the stock is currently owned by institutional investors.

Soho House & Co Inc. Company Profile

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.