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Soho House & Co Inc. (NYSE:SHCO) Sees Large Volume Increase - Here's What Happened

Soho House & Co Inc. logo with Computer and Technology background

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 660,113 shares changed hands during trading, an increase of 146% from the previous session's volume of 268,493 shares.The stock last traded at $7.71 and had previously closed at $7.77.

Soho House & Co Inc. Stock Performance

The stock's fifty day simple moving average is $5.94 and its two-hundred day simple moving average is $5.61. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -8.24 and a beta of 0.52.

Hedge Funds Weigh In On Soho House & Co Inc.

Several hedge funds and other institutional investors have recently modified their holdings of SHCO. Barclays PLC raised its position in Soho House & Co Inc. by 1,255.3% in the third quarter. Barclays PLC now owns 8,132 shares of the company's stock valued at $41,000 after purchasing an additional 7,532 shares during the period. FMR LLC raised its holdings in shares of Soho House & Co Inc. by 303.7% during the 3rd quarter. FMR LLC now owns 13,479 shares of the company's stock valued at $69,000 after buying an additional 10,140 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Soho House & Co Inc. by 13.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company's stock valued at $88,000 after buying an additional 2,100 shares during the period. Wolverine Trading LLC acquired a new position in Soho House & Co Inc. during the 3rd quarter worth approximately $97,000. Finally, Symmetry Investments LP boosted its holdings 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 acquiring an additional 9,300 shares during the period. 62.35% of the stock is owned by institutional investors and hedge funds.

About Soho House & Co Inc.

(Get Free Report)

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.

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