Soho House & Co Inc. (NYSE:SHCO) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Soho House & Co Inc. saw a significant increase in trading volume, with 1,257,294 shares traded, marking a 137% increase from the previous session.
• Analysts are divided on the stock, with Roth Capital downgrading it to a "hold" while Zacks Research upgraded it to a "strong-buy," resulting in a consensus rating of "Moderate Buy."
• CEO Andrew Carnie recently sold 100,000 shares for $638,000, representing an 8.31% decrease in his ownership of the company.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) saw an uptick in trading volume on Tuesday . 1,257,294 shares were traded during trading, an increase of 137% from the previous session's volume of 530,927 shares.The stock last traded at $8.79 and had previously closed at $8.78.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SHCO shares. 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 upgraded shares of Soho House & Co Inc. to a "strong-buy" rating in a report on Tuesday, August 12th. One equities research 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.25.

Soho House & Co Inc. Trading Up 0.1%

The firm has a market cap of $1.72 billion, a PE ratio of -29.35, a PEG ratio of 1.95 and a beta of 0.66. The firm has a 50 day moving average price of $7.20 and a 200-day moving average price of $6.68.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.13 earnings per share for the quarter, beating 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 firm had revenue of $329.80 million for the quarter, compared to analysts' expectations of $316.79 million. Equities analysts forecast that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Activity

In other Soho House & Co Inc. news, CEO Andrew Carnie sold 100,000 shares of the firm's stock in a transaction 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. This trade represents 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 at this hyperlink. Company insiders own 74.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SHCO. CWM LLC lifted its stake in Soho House & Co Inc. by 2,507.0% during the second quarter. CWM LLC now owns 4,093 shares of the company's stock worth $30,000 after purchasing an additional 3,936 shares during the last quarter. AlphaQuest LLC acquired a new stake in Soho House & Co Inc. during the first quarter worth approximately $27,000. FNY Investment Advisers LLC purchased a new stake in shares of Soho House & Co Inc. during the 1st quarter worth approximately $30,000. Bank of America Corp DE lifted its position in shares of Soho House & Co Inc. by 551.8% during the 2nd quarter. Bank of America Corp DE now owns 6,766 shares of the company's stock worth $50,000 after buying an additional 5,728 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Soho House & Co Inc. in the 2nd quarter valued at $82,000. Hedge funds and other institutional investors own 62.35% of the company's stock.

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.