Soho House & Co Inc. (NYSE:SHCO) Shares Gap Down – Should You Sell?

Soho House & Co Inc. (NYSE:SHCO) gapped down before the market opened on Thursday . The stock had previously closed at $8.97, but opened at $8.17. Soho House & Co Inc. shares last traded at $7.5050, with a volume of 5,723,052 shares trading hands.

Wall Street Analyst Weigh In

SHCO has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Soho House & Co Inc. in a report on Wednesday, October 8th. Zacks Research downgraded shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.00.

Soho House & Co Inc. Price Performance

The firm has a market capitalization of $1.46 billion, a P/E ratio of -18.76 and a beta of 0.69. The stock’s 50-day simple moving average is $8.89 and its two-hundred day simple moving average is $8.35.

Soho House & Co Inc. (NYSE:SHCO) last announced 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 for the quarter, compared to the consensus estimate of $352.80 million. On average, analysts forecast that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Soho House & Co Inc.

Several large investors have recently made changes to their positions in SHCO. Scoggin Management LP grew its position in shares of Soho House & Co Inc. by 5.6% during the second quarter. Scoggin Management LP now owns 2,150,000 shares of the company’s stock worth $15,802,000 after purchasing an additional 113,800 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Soho House & Co Inc. during the third quarter valued at approximately $18,199,000. Pentwater Capital Management LP purchased a new position in shares of Soho House & Co Inc. in the third quarter worth $13,063,000. Woodline Partners LP bought a new position in shares of Soho House & Co Inc. during the third quarter worth $11,195,000. Finally, Qube Research & Technologies Ltd purchased a new position in Soho House & Co Inc. during the third quarter valued at $10,633,000. 62.35% of the stock is currently owned by hedge funds and other 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.