Soho House & Co Inc. (NYSE:SHCO) Shares Up 5.2% – Still a Buy?

Soho House & Co Inc. (NYSE:SHCO)’s share price was up 5.2% during trading on Monday . The company traded as high as $7.48 and last traded at $7.44. Approximately 139,980 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 235,283 shares. The stock had previously closed at $7.07.

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 report on Tuesday, September 3rd.

Soho House & Co Inc. Trading Down 4.3 %

The stock’s 50 day simple moving average is $5.33 and its 200 day simple moving average is $5.39. The stock has a market capitalization of $1.40 billion, a P/E ratio of -7.79 and a beta of 0.70.

Hedge Funds Weigh In On Soho House & Co Inc.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in shares of Soho House & Co Inc. by 9.0% during the second quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock worth $609,000 after acquiring an additional 9,502 shares during the last quarter. Symmetry Investments LP increased its stake in shares of Soho House & Co Inc. by 93.0% in the second quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock valued at $102,000 after purchasing an additional 9,300 shares during the period. GSA Capital Partners LLP raised its holdings in shares of Soho House & Co Inc. by 5.2% during the third quarter. GSA Capital Partners LLP now owns 194,025 shares of the company’s stock valued at $990,000 after buying an additional 9,524 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Soho House & Co Inc. by 13.9% during the third quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock worth $88,000 after buying an additional 2,100 shares during the period. Finally, FMR LLC grew its holdings in Soho House & Co Inc. by 303.7% in the 3rd quarter. FMR LLC now owns 13,479 shares of the company’s stock worth $69,000 after buying an additional 10,140 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 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.