Soho House & Co Inc. (NYSE:SHCO) Shares Down 3.2% - Here's What Happened

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) shares were down 3.2% on Wednesday . The stock traded as low as $7.25 and last traded at $7.30. Approximately 379,625 shares traded hands during trading, an increase of 21% from the average daily volume of 314,533 shares. The stock had previously closed at $7.54.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a "buy" rating and set a $9.00 price objective on shares of Soho House & Co Inc. in a research note on Wednesday, April 2nd.

Soho House & Co Inc. Stock Down 3.2%

The company has a fifty day moving average of $6.75 and a two-hundred day moving average of $6.78. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -12.02 and a beta of 0.67.

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 firm had revenue of $282.86 million during the quarter, compared to analyst estimates of $275.60 million. Equities analysts anticipate that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Soho House & Co Inc.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHCO. Dimensional Fund Advisors LP raised its position in Soho House & Co Inc. by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 64,348 shares of the company's stock worth $479,000 after acquiring an additional 2,670 shares in the last quarter. Algert Global LLC raised its position in 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 in the last quarter. Rathbones Group PLC raised its position in Soho House & Co Inc. by 11.6% in the first quarter. Rathbones Group PLC now owns 40,850 shares of the company's stock worth $252,000 after acquiring an additional 4,250 shares in the last quarter. AlphaQuest LLC purchased a new position in Soho House & Co Inc. in the first quarter worth $27,000. Finally, FNY Investment Advisers LLC purchased a new position in Soho House & Co Inc. in the first quarter worth $30,000. Institutional investors and hedge funds own 62.35% 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.