Soho House & Co Inc. (NYSE:SHCO) Hits New 12-Month High – Time to Buy?

Soho House & Co Inc. (NYSE:SHCO)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $8.09 and last traded at $7.72, with a volume of 3717310 shares. The stock had previously closed at $4.91.

Analyst Ratings Changes

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

Soho House & Co Inc. Price Performance

The firm’s 50 day moving average price is $5.21 and its 200 day moving average price is $5.34. The stock has a market capitalization of $1.38 billion, a P/E ratio of -7.68 and a beta of 0.70.

Institutional Investors Weigh In On Soho House & Co Inc.

A number of large investors have recently modified their holdings of the stock. Thematics Asset Management lifted its stake in shares of Soho House & Co Inc. by 4.7% in the 3rd quarter. Thematics Asset Management now owns 496,210 shares of the company’s stock valued at $2,531,000 after purchasing an additional 22,055 shares during the period. GSA Capital Partners LLP raised its holdings in 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 purchasing an additional 9,524 shares in the last quarter. Renaissance Technologies LLC lifted its position in Soho House & Co Inc. by 9.0% during the second quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock valued at $609,000 after buying an additional 9,502 shares during the period. Jane Street Group LLC boosted its holdings in shares of 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 buying an additional 5,255 shares in the last quarter. Finally, Symmetry Investments LP grew its position in shares of Soho House & Co Inc. by 93.0% in the 2nd quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock worth $102,000 after buying an additional 9,300 shares during the period. Institutional investors own 62.35% of the company’s stock.

About Soho House & Co Inc.

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.