GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Soho House & Co Inc. (NYSE:SHCO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 44,750 shares of the company's stock, valued at approximately $277,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC purchased a new stake in shares of Soho House & Co Inc. in the 1st quarter worth $27,000. FNY Investment Advisers LLC bought a new position in shares of Soho House & Co Inc. during the 1st quarter valued at about $30,000. HighTower Advisors LLC bought a new position in shares of Soho House & Co Inc. during the 1st quarter valued at about $79,000. XTX Topco Ltd bought a new position in shares of Soho House & Co Inc. during the 4th quarter valued at about $101,000. Finally, Jump Financial LLC bought a new position in shares of Soho House & Co Inc. in the 4th quarter valued at about $102,000. 62.35% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Zacks Research raised shares of Soho House & Co Inc. to a "strong-buy" rating in a 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 report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $7.25.
Check Out Our Latest Research Report on SHCO
Insiders Place Their Bets
In other Soho House & Co Inc. news, CEO Andrew Carnie sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $6.38, for a total value of $638,000.00. Following the completion of the sale, the chief executive officer directly owned 1,103,975 shares in the company, valued at $7,043,360.50. This trade represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 74.70% of the stock is currently owned by company insiders.
Soho House & Co Inc. Stock Down 0.1%
Shares of NYSE SHCO traded down $0.01 during midday trading on Friday, reaching $8.83. 546,467 shares of the company's stock traded hands, compared to its average volume of 2,183,172. The stock's 50 day simple moving average is $7.38 and its 200-day simple moving average is $6.72. Soho House & Co Inc. has a one year low of $4.60 and a one year high of $8.88. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -29.42, a P/E/G ratio of 1.96 and a beta of 0.66.
Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $329.80 million for the quarter, compared to the consensus estimate of $316.79 million. Equities analysts predict that Soho House & Co Inc. will post -0.43 EPS for the current fiscal year.
Soho House & Co Inc. Profile
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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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