Millennium Management LLC lessened its stake in Soho House & Co Inc. (NYSE:SHCO - Free Report) by 63.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,338 shares of the company's stock after selling 160,493 shares during the period. Millennium Management LLC's holdings in Soho House & Co Inc. were worth $680,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Third Point LLC purchased a new stake in shares of Soho House & Co Inc. in the fourth quarter worth approximately $17,523,000. TIG Advisors LLC bought a new position in shares of Soho House & Co Inc. in the fourth quarter worth $7,395,000. Algert Global LLC boosted its holdings in shares of Soho House & Co Inc. by 2.7% in the fourth quarter. Algert Global LLC now owns 122,811 shares of the company's stock worth $915,000 after acquiring an additional 3,202 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Soho House & Co Inc. by 82.4% in the fourth quarter. JPMorgan Chase & Co. now owns 119,236 shares of the company's stock worth $888,000 after acquiring an additional 53,860 shares during the period. Finally, Northern Trust Corp boosted its stake in Soho House & Co Inc. by 5.9% during the fourth 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 period. Institutional investors own 62.35% of the company's stock.
Soho House & Co Inc. Price Performance
NYSE:SHCO traded up $0.14 during mid-day trading on Wednesday, reaching $6.67. 255,405 shares of the company's stock traded hands, compared to its average volume of 311,988. The company has a 50 day moving average price of $5.97 and a 200-day moving average price of $6.50. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -9.53 and a beta of 0.62. Soho House & Co Inc. has a 12-month low of $4.43 and a 12-month high of $8.47.
Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.18. The company had revenue of $282.86 million during the quarter, compared to the consensus estimate of $275.60 million. As a group, analysts forecast that Soho House & Co Inc. will post -0.43 EPS for the current year.
Analysts Set New Price Targets
Separately, Roth Mkm reaffirmed a "buy" rating and set a $9.00 price target on shares of Soho House & Co Inc. in a research note on Wednesday, April 2nd.
Get Our Latest Stock Analysis on Soho House & Co Inc.
About Soho House & Co Inc.
(
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.
Further Reading
Before you consider Soho House & Co Inc., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Soho House & Co Inc. wasn't on the list.
While Soho House & Co Inc. currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
