Soho House & Co Inc. (NYSE:SHCO) Shares Down 4.9% - Here's Why

Soho House & Co Inc. (NYSE:SHCO - Get Free Report)'s share price traded down 4.9% during trading on Tuesday . The company traded as low as $7.09 and last traded at $7.12. 68,088 shares were traded during mid-day trading, a decline of 71% from the average session volume of 236,613 shares. The stock had previously closed at $7.49.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reiterated an "equal weight" rating and set a $5.50 target price on shares of Soho House & Co Inc. in a report on Tuesday, September 3rd.

Soho House & Co Inc. Stock Down 4.3 %

The firm's 50 day simple moving average is $5.33 and its 200 day simple moving average is $5.39. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -7.79 and a beta of 0.70.

Institutional Trading of Soho House & Co Inc.

Several hedge funds have recently added to or reduced their stakes in SHCO. Thematics Asset Management lifted its holdings in Soho House & Co Inc. by 4.7% in the third quarter. Thematics Asset Management now owns 496,210 shares of the company's stock worth $2,531,000 after purchasing an additional 22,055 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Soho House & Co Inc. by 5.2% in the third quarter. GSA Capital Partners LLP now owns 194,025 shares of the company's stock valued at $990,000 after acquiring an additional 9,524 shares in the last quarter. Renaissance Technologies LLC increased 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 during the period. Jane Street Group LLC raised its holdings in Soho House & Co Inc. by 28.1% during the third quarter. Jane Street Group LLC now owns 23,972 shares of the company's stock worth $122,000 after purchasing an additional 5,255 shares in the last quarter. Finally, Symmetry Investments LP lifted its position in Soho House & Co Inc. by 93.0% in the second quarter. Symmetry Investments LP now owns 19,300 shares of the company's stock worth $102,000 after purchasing an additional 9,300 shares during the period. Institutional investors own 62.35% of the company's stock.

Soho House & Co Inc. Company 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.