Andrew Carnie Sells 24,410 Shares of Soho House & Co Inc. (NYSE:SHCO) Stock

Soho House & Co Inc. (NYSE:SHCO) CEO Andrew Carnie sold 24,410 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $5.44, for a total value of $132,790.40. Following the completion of the sale, the chief executive officer now directly owns 956,479 shares of the company’s stock, valued at $5,203,245.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Andrew Carnie also recently made the following trade(s):

• On Monday, July 22nd, Andrew Carnie sold 45,561 shares of Soho House & Co Inc. stock. The shares were sold at an average price of $5.61, for a total value of $255,597.21.
• On Friday, July 19th, Andrew Carnie sold 22,509 shares of Soho House & Co Inc. stock. The shares were sold at an average price of $5.77, for a total value of $129,876.93.

Soho House & Co Inc. Price Performance

NYSE SHCO traded down $0.22 during trading hours on Thursday, reaching $5.11. 238,951 shares of the company’s stock were exchanged, compared to its average volume of 224,466. The company’s 50-day moving average is $5.42 and its two-hundred day moving average is $5.68. Soho House & Co Inc. has a one year low of $4.35 and a one year high of $8.48.

Soho House & Co Inc. (NYSE:SHCO) last issued its quarterly earnings results on Friday, May 10th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The firm had revenue of $263.15 million for the quarter, compared to the consensus estimate of $258.25 million. Analysts anticipate that Soho House & Co Inc. will post -0.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered their target price on Soho House & Co Inc. from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $8.10.

Hedge Funds Weigh In On Soho House & Co Inc.

Several hedge funds have recently made changes to their positions in SHCO. Mesirow Financial Investment Management Inc. bought a new position in shares of Soho House & Co Inc. during the 1st quarter worth approximately $411,000. Sapient Capital LLC acquired a new stake in shares of Soho House & Co Inc. in the 4th quarter valued at approximately $387,000. Thematics Asset Management boosted its holdings in shares of Soho House & Co Inc. by 4.3% in the 4th quarter. Thematics Asset Management now owns 407,731 shares of the company’s stock valued at $2,903,000 after buying an additional 16,814 shares during the last quarter. Walleye Trading LLC acquired a new stake in shares of Soho House & Co Inc. in the 1st quarter valued at approximately $79,000. Finally, Jump Financial LLC boosted its holdings in shares of Soho House & Co Inc. by 23.2% in the 4th quarter. Jump Financial LLC now owns 16,015 shares of the company’s stock valued at $114,000 after buying an additional 3,015 shares during the last quarter. 62.35% of the stock is 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.