Soho House & Co Inc. (NYSE:SHCO) Announces Earnings Results, Misses Estimates By $0.12 EPS

Soho House & Co Inc. (NYSE:SHCO) announced its quarterly earnings data on Friday. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.12), Zacks reports. The firm had revenue of $370.75 million for the quarter. Soho House & Co Inc. had a negative net margin of 4.67% and a negative return on equity of 4.02%.

Soho House & Co Inc. Trading Up 0.1%

SHCO stock traded up $0.01 during trading on Friday, reaching $8.90. The stock had a trading volume of 402,203 shares, compared to its average volume of 392,064. The firm has a market cap of $1.74 billion, a PE ratio of -29.65 and a beta of 0.69. The stock’s 50 day moving average is $8.87 and its two-hundred day moving average is $7.58. Soho House & Co Inc. has a 52 week low of $4.60 and a 52 week high of $8.92.

Institutional Trading of Soho House & Co Inc.

Several large investors have recently added to or reduced their stakes in SHCO. Osaic Holdings Inc. increased its holdings in Soho House & Co Inc. by 37.4% during the second quarter. Osaic Holdings Inc. now owns 7,867 shares of the company’s stock valued at $58,000 after buying an additional 2,143 shares during the last quarter. PDT Partners LLC grew its position in shares of Soho House & Co Inc. by 7.2% during the 2nd quarter. PDT Partners LLC now owns 44,600 shares of the company’s stock valued at $328,000 after acquiring an additional 2,993 shares during the period. Bank of America Corp DE increased its stake in shares of Soho House & Co Inc. by 551.8% in the 2nd quarter. Bank of America Corp DE now owns 6,766 shares of the company’s stock worth $50,000 after purchasing an additional 5,728 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Soho House & Co Inc. by 88.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 18,777 shares of the company’s stock worth $138,000 after purchasing an additional 8,802 shares during the period. Finally, Occudo Quantitative Strategies LP bought a new position in Soho House & Co Inc. in the 2nd quarter worth $82,000. 62.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SHCO has been the subject of several recent analyst reports. Roth Capital cut shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Zacks Research lowered shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Soho House & Co Inc. in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.00.

Soho House & Co Inc. Company Profile

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.