Pelham Capital Ltd. Has $9.72 Million Stock Position in Soho House & Co Inc. (NYSE:SHCO)

Pelham Capital Ltd. reduced its position in Soho House & Co Inc. (NYSE:SHCO - Free Report) by 36.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,905,803 shares of the company's stock after selling 1,094,197 shares during the period. Soho House & Co Inc. makes up 5.8% of Pelham Capital Ltd.'s investment portfolio, making the stock its 7th largest holding. Pelham Capital Ltd. owned about 0.97% of Soho House & Co Inc. worth $9,720,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Walleye Trading LLC purchased a new stake in Soho House & Co Inc. in the 1st quarter valued at $79,000. Symmetry Investments LP grew its position in Soho House & Co Inc. by 93.0% in the 2nd quarter. Symmetry Investments LP now owns 19,300 shares of the company's stock worth $102,000 after purchasing an additional 9,300 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Soho House & Co Inc. by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 114,702 shares of the company's stock valued at $609,000 after buying an additional 9,502 shares during the last quarter. Institutional investors and hedge funds own 62.35% of the company's stock.

Insider Transactions at Soho House & Co Inc.

In other news, CFO Thomas Glassbrooke Allen sold 21,461 shares of Soho House & Co Inc. stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $5.74, for a total value of $123,186.14. Following the completion of the transaction, the chief financial officer now owns 119,532 shares in the company, valued at $686,113.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Andrew Carnie sold 22,510 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $5.08, for a total transaction of $114,350.80. Following the sale, the chief executive officer now owns 895,437 shares of the company's stock, valued at approximately $4,548,819.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Thomas Glassbrooke Allen sold 21,461 shares of Soho House & Co Inc. stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $5.74, for a total value of $123,186.14. Following the transaction, the chief financial officer now directly owns 119,532 shares of the company's stock, valued at $686,113.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,835 shares of company stock worth $873,023. 75.00% of the stock is owned by company insiders.

Soho House & Co Inc. Stock Performance

SHCO traded up $0.06 during midday trading on Friday, reaching $5.46. The company had a trading volume of 138,805 shares, compared to its average volume of 212,053. Soho House & Co Inc. has a 12-month low of $4.35 and a 12-month high of $8.48. The business has a 50-day moving average price of $5.48 and a two-hundred day moving average price of $5.40. The stock has a market cap of $1.07 billion, a PE ratio of -7.18 and a beta of 0.76.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The company had revenue of $305.15 million during the quarter, compared to analyst estimates of $302.73 million. During the same quarter last year, the firm posted ($0.01) EPS. On average, research analysts anticipate that Soho House & Co Inc. will post -0.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SHCO. Morgan Stanley restated an "equal weight" rating and issued a $5.50 target price on shares of Soho House & Co Inc. in a research note on Tuesday, September 3rd. Roth Mkm reissued a "buy" rating and issued a $7.50 price objective on shares of Soho House & Co Inc. in a research report on Monday, August 12th.

Soho House & Co Inc. Profile

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.