Algert Global LLC Has $1.07 Million Stock Holdings in Soho House & Co Inc. $SHCO

Key Points

• Algert Global LLC increased its stake in Soho House & Co Inc. by 41.4% during the first quarter, resulting in ownership of 173,631 shares valued at $1,073,000.
• CEO Andrew Carnie sold 100,000 shares at $6.38 each, leading to an 8.31% reduction in his total ownership to 1,103,975 shares.
• Analysts' ratings for Soho House & Co Inc. are mixed, with one giving a Strong Buy rating and changes in ratings from Roth Capital and Zacks Research.

Algert Global LLC increased its stake in Soho House & Co Inc. (NYSE:SHCO - Free Report) by 41.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 173,631 shares of the company's stock after acquiring an additional 50,820 shares during the quarter. Algert Global LLC owned approximately 0.09% of Soho House & Co Inc. worth $1,073,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SHCO. Dimensional Fund Advisors LP lifted its holdings in shares of Soho House & Co Inc. by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 64,348 shares of the company's stock valued at $479,000 after purchasing an additional 2,670 shares during the last quarter. Rathbones Group PLC increased its stake in Soho House & Co Inc. by 11.6% in the 1st quarter. Rathbones Group PLC now owns 40,850 shares of the company's stock worth $252,000 after purchasing an additional 4,250 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Soho House & Co Inc. during the 1st quarter worth about $30,000. Northern Trust Corp raised its holdings in Soho House & Co Inc. by 5.9% during the 4th quarter. Northern Trust Corp now owns 106,355 shares of the company's stock worth $792,000 after buying an additional 5,899 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in Soho House & Co Inc. during the first quarter valued at about $79,000. 62.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHCO has been the topic of several analyst reports. Zacks Research raised shares of Soho House & Co Inc. to a "strong-buy" rating in a research report on Tuesday, August 12th. Roth Capital lowered shares of Soho House & Co Inc. from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $7.25.

Insiders Place Their Bets

In other Soho House & Co Inc. news, CEO Andrew Carnie sold 100,000 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $6.38, for a total value of $638,000.00. Following the transaction, the chief executive officer directly owned 1,103,975 shares of the company's stock, valued at $7,043,360.50. This represents a 8.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 74.70% of the stock is currently owned by insiders.

Soho House & Co Inc. Stock Down 0.2%

Shares of NYSE:SHCO traded down $0.02 during trading on Thursday, reaching $8.83. 162,363 shares of the company traded hands, compared to its average volume of 579,830. The firm has a fifty day simple moving average of $7.31 and a 200 day simple moving average of $6.70. Soho House & Co Inc. has a 1-year low of $4.60 and a 1-year high of $8.88. The firm has a market cap of $1.72 billion, a P/E ratio of -29.42, a price-to-earnings-growth ratio of 1.96 and a beta of 0.66.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.21. Soho House & Co Inc. had a negative net margin of 4.67% and a negative return on equity of 4.02%. The business had revenue of $329.80 million for the quarter, compared to the consensus estimate of $316.79 million. As a group, research analysts anticipate that Soho House & Co Inc. will post -0.43 EPS for the current year.

Soho House & Co Inc. Company Profile

Soho House & Co, Inc is a holding company, which offers global membership platform of physical and digital spaces. It operates through the following segments: UK, North America, Europe and Rest of the World, and All Other. The company was founded by Nicholas Keith Arthur Jones in 1995 and is headquartered in London, the United Kingdom.