Soho House & Co Inc. (NYSE:SHCO) Stock Price Down 2.4% - Should You Sell?

Shares of Soho House & Co Inc. (NYSE:SHCO - Get Free Report) were down 2.4% during trading on Tuesday . The stock traded as low as $5.25 and last traded at $5.32. Approximately 78,382 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 202,519 shares. The stock had previously closed at $5.45.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Roth Mkm reaffirmed a "buy" rating and set a $7.50 target price on shares of Soho House & Co Inc. in a research note on Monday, August 12th. Morgan Stanley reiterated an "equal weight" rating and issued a $5.50 target price on shares of Soho House & Co Inc. in a research report on Tuesday, September 3rd.

Soho House & Co Inc. Price Performance

The stock's fifty day moving average is $5.31 and its 200 day moving average is $5.38.

Insider Activity

In other Soho House & Co Inc. news, CFO Thomas Glassbrooke Allen sold 8,557 shares of Soho House & Co Inc. stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $6.09, for a total transaction of $52,112.13. Following the completion of the transaction, the chief financial officer now directly owns 87,143 shares of the company's stock, valued at $530,700.87. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 62,354 shares of company stock valued at $370,284. 74.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SHCO. FMR LLC grew its holdings in shares of Soho House & Co Inc. by 303.7% in the third quarter. FMR LLC now owns 13,479 shares of the company's stock worth $69,000 after purchasing an additional 10,140 shares during the last quarter. Walleye Trading LLC purchased a new stake in Soho House & Co Inc. in the 1st quarter valued at about $79,000. Daiwa Securities Group Inc. grew its stake in Soho House & Co Inc. by 13.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company's stock worth $88,000 after acquiring an additional 2,100 shares in the last quarter. Symmetry Investments LP increased its position in shares of Soho House & Co Inc. by 93.0% during the second 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. Finally, Renaissance Technologies LLC raised its stake 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 valued at $609,000 after acquiring an additional 9,502 shares in the last quarter. Hedge funds and other institutional investors own 62.35% of the company's stock.

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.