Soho House & Co Inc. (NYSE:SHCO) Short Interest Down 20.9% in December

Soho House & Co Inc. (NYSE:SHCO) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 2,798,213 shares, a decline of 20.9% from the December 15th total of 3,535,593 shares. Based on an average daily volume of 351,656 shares, the short-interest ratio is presently 8.0 days. Currently, 5.7% of the company’s stock are sold short. Currently, 5.7% of the company’s stock are sold short. Based on an average daily volume of 351,656 shares, the short-interest ratio is presently 8.0 days.

Soho House & Co Inc. Trading Down 0.1%

Shares of SHCO stock traded down $0.01 during mid-day trading on Friday, reaching $8.88. The stock had a trading volume of 2,091,829 shares, compared to its average volume of 1,923,069. Soho House & Co Inc. has a 1-year low of $4.77 and a 1-year high of $8.98. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -22.19 and a beta of 0.69. The business’s fifty day moving average is $8.79 and its 200-day moving average is $8.40.

Soho House & Co Inc. (NYSE:SHCO) last issued its quarterly earnings results on Friday, November 7th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.12). Soho House & Co Inc. had a negative return on equity of 4.02% and a negative net margin of 6.00%.The business had revenue of $370.75 million during the quarter, compared to analyst estimates of $352.80 million. On average, analysts forecast that Soho House & Co Inc. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on SHCO. Weiss Ratings reissued a “sell (d-)” rating on shares of Soho House & Co Inc. in a research report on Wednesday, October 8th. Zacks Research cut 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 issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Soho House & Co Inc. currently has a consensus rating of “Hold” and a consensus target price of $9.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in Soho House & Co Inc. in the third quarter valued at $29,000. CWM LLC grew its holdings in Soho House & Co Inc. by 2,507.0% during the second quarter. CWM LLC now owns 4,093 shares of the company’s stock worth $30,000 after acquiring an additional 3,936 shares during the period. Bank of America Corp DE raised its position in Soho House & Co Inc. by 551.8% during the second quarter. Bank of America Corp DE now owns 6,766 shares of the company’s stock valued at $50,000 after acquiring an additional 5,728 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Soho House & Co Inc. by 65.8% during the 3rd quarter. AlphaQuest LLC now owns 7,126 shares of the company’s stock valued at $63,000 after purchasing an additional 2,827 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Soho House & Co Inc. by 37.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,867 shares of the company’s stock valued at $58,000 after purchasing an additional 2,143 shares in the last quarter. 62.35% of the stock is currently owned by institutional investors and hedge funds.

About Soho House & Co Inc.

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.