Algert Global LLC grew its stake in Soho House & Co Inc. (NYSE:SHCO - Free Report) by 41.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 173,631 shares of the company's stock after buying an additional 50,820 shares during the quarter. Algert Global LLC owned 0.09% of Soho House & Co Inc. worth $1,073,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the company. Third Point LLC acquired a new position in Soho House & Co Inc. in the fourth quarter valued at approximately $17,523,000. TIG Advisors LLC purchased a new stake in shares of Soho House & Co Inc. during the 4th quarter worth approximately $7,395,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Soho House & Co Inc. by 53.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,416 shares of the company's stock valued at $1,083,000 after buying an additional 50,723 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Soho House & Co Inc. by 82.4% in the 4th quarter. JPMorgan Chase & Co. now owns 119,236 shares of the company's stock valued at $888,000 after buying an additional 53,860 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Soho House & Co Inc. by 5.9% in the 4th quarter. Northern Trust Corp now owns 106,355 shares of the company's stock valued at $792,000 after buying an additional 5,899 shares during the last quarter. 62.35% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
SHCO has been the subject of a number of research reports. Roth Capital cut shares of Soho House & Co Inc. from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Zacks Research raised Soho House & Co Inc. to a "strong-buy" rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $7.25.
View Our Latest Stock Analysis on SHCO
Insider Activity at Soho House & Co Inc.
In related news, CEO Andrew Carnie sold 100,000 shares of Soho House & Co Inc. stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $6.38, for a total value of $638,000.00. Following the sale, the chief executive officer directly owned 1,103,975 shares in the company, valued at $7,043,360.50. The trade was a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 74.70% of the stock is owned by corporate insiders.
Soho House & Co Inc. Stock Up 0.2%
Shares of NYSE SHCO traded up $0.02 during mid-day trading on Tuesday, hitting $8.83. 564,757 shares of the company were exchanged, compared to its average volume of 581,803. The stock has a 50 day simple moving average of $7.23 and a 200-day simple moving average of $6.67. 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 price-to-earnings ratio of -29.42, a price-to-earnings-growth ratio of 1.95 and a beta of 0.66.
Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last released its earnings results on Friday, August 8th. The company reported $0.13 EPS for the quarter, topping the consensus estimate 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 company had revenue of $329.80 million during the quarter, compared to analysts' expectations of $316.79 million. Analysts anticipate that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.
Soho House & Co Inc. Profile
(
Free Report)
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.
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