Soho House & Co Inc. (NYSE:SHCO) Shares Gap Up – What’s Next?

Soho House & Co Inc. (NYSE:SHCO) gapped up before the market opened on Wednesday . The stock had previously closed at $6.67, but opened at $7.02. Soho House & Co Inc. shares last traded at $6.85, with a volume of 72,181 shares.

Soho House & Co Inc. Trading Up 3.3 %

The company has a 50-day moving average price of $7.32 and a two-hundred day moving average price of $6.18. The stock has a market capitalization of $1.34 billion, a P/E ratio of -9.75 and a beta of 0.55.

Institutional Trading of Soho House & Co Inc.

Several hedge funds have recently bought and sold shares of SHCO. Third Point LLC purchased a new position in shares of Soho House & Co Inc. during the fourth quarter valued at approximately $17,523,000. TIG Advisors LLC purchased a new position in Soho House & Co Inc. during the 4th quarter worth $7,395,000. D. E. Shaw & Co. Inc. purchased a new position in Soho House & Co Inc. during the 4th quarter worth $790,000. Renaissance Technologies LLC purchased a new position in Soho House & Co Inc. during the fourth quarter worth about $742,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Soho House & Co Inc. during the fourth quarter worth about $596,000. Institutional investors and hedge funds own 62.35% of the company’s stock.

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.