Soho House & Co Inc. (NYSE:SHCO) Sets New 1-Year High – What’s Next?

Shares of Soho House & Co Inc. (NYSE:SHCO) hit a new 52-week high during trading on Monday . The stock traded as high as $8.97 and last traded at $8.9650, with a volume of 150693 shares changing hands. The stock had previously closed at $8.96.

Wall Street Analysts Forecast Growth

SHCO has been the topic of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Soho House & Co Inc. in a report on Wednesday, October 8th. Zacks Research lowered Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.00.

Soho House & Co Inc. Stock Performance

The company has a market cap of $1.75 billion, a PE ratio of -22.41 and a beta of 0.69. The company’s 50 day moving average price is $8.88 and its 200-day moving average price is $8.32.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.12). Soho House & Co Inc. had a negative net margin of 6.00% and a negative return on equity of 4.02%. The firm had revenue of $370.75 million during the quarter, compared to analysts’ expectations of $352.80 million. Equities research analysts expect that Soho House & Co Inc. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Soho House & Co Inc.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL grew its stake in Soho House & Co Inc. by 755.9% during the third quarter. Tudor Investment Corp ET AL now owns 220,000 shares of the company’s stock valued at $1,947,000 after acquiring an additional 194,295 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in Soho House & Co Inc. by 3,634.7% in the 3rd quarter. FNY Investment Advisers LLC now owns 186,733 shares of the company’s stock valued at $1,652,000 after purchasing an additional 181,733 shares during the period. Caxton Associates LLP purchased a new position in shares of Soho House & Co Inc. during the 3rd quarter valued at $195,000. Woodline Partners LP bought a new position in shares of Soho House & Co Inc. in the third quarter worth $11,195,000. Finally, PharVision Advisers LLC bought a new position in shares of Soho House & Co Inc. in the third quarter worth $160,000. 62.35% of the stock is currently owned by institutional investors.

Soho House & Co Inc. Company Profile

Soho House & Co Inc is a global hospitality and membership company that operates a network of private clubs, hotels, restaurants, workspaces and leisure facilities aimed primarily at creative professionals. Its core offering revolves around exclusive, members-only “Houses” that combine social spaces, dining venues, screening rooms, spas and event programming under one roof. The company’s diversified portfolio extends to branded hotels and short-stay locations, as well as co-working facilities under the Soho Works banner.

The company was founded in 1995 by Nick Jones in London, with the inaugural House offering serving emerging artists, filmmakers and designers.