TIG Advisors LLC Has $7.31 Million Stock Position in Soho House & Co Inc. $SHCO

Key Points

• TIG Advisors LLC has increased its stake in Soho House & Co Inc. by 19.2%, owning 1,183,571 shares valued at approximately $7.3 million as of its latest SEC filing.
• Analysts have mixed ratings on Soho House stock, with Zacks Research upgrading it to a "strong-buy", while Roth Capital downgraded it to a "hold".
• Soho House exceeded earnings expectations with a reported $0.13 EPS for the last quarter, surpassing the consensus estimate of ($0.08).

TIG Advisors LLC lifted its stake in Soho House & Co Inc. (NYSE:SHCO - Free Report) by 19.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,183,571 shares of the company's stock after purchasing an additional 191,017 shares during the quarter. TIG Advisors LLC owned 0.61% of Soho House & Co Inc. worth $7,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHCO. Groupe la Francaise bought a new position in Soho House & Co Inc. during the first quarter valued at approximately $1,192,000. D. E. Shaw & Co. Inc. bought a new position in Soho House & Co Inc. during the fourth quarter valued at approximately $790,000. EntryPoint Capital LLC raised its position in Soho House & Co Inc. by 510.7% during the first quarter. EntryPoint Capital LLC now owns 66,706 shares of the company's stock valued at $412,000 after acquiring an additional 55,783 shares in the last quarter. Algert Global LLC raised its position in Soho House & Co Inc. by 41.4% during the first quarter. Algert Global LLC now owns 173,631 shares of the company's stock valued at $1,073,000 after acquiring an additional 50,820 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Soho House & Co Inc. by 53.6% during the fourth 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 acquiring an additional 50,723 shares in the last quarter. Institutional investors own 62.35% of the company's stock.

Wall Street Analysts Forecast Growth

SHCO has been the topic of several recent research reports. 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. Zacks Research raised shares of Soho House & Co Inc. to a "strong-buy" rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $9.00.

Soho House & Co Inc. Stock Down 0.7%

SHCO stock traded down $0.07 during midday trading on Friday, hitting $8.86. 544,701 shares of the company traded hands, compared to its average volume of 2,447,933. Soho House & Co Inc. has a twelve month low of $4.60 and a twelve month high of $8.92. The business has a 50 day simple moving average of $7.54 and a 200-day simple moving average of $6.75. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -29.52, a price-to-earnings-growth ratio of 1.98 and a beta of 0.69.

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

Insider Activity

In other news, CEO Andrew Carnie sold 100,000 shares of the firm's stock in a transaction 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 sale, the chief executive officer owned 1,103,975 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Insiders own 74.70% of the company's stock.

About Soho House & Co Inc.

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.