Third Point LLC Invests $17.52 Million in Soho House & Co Inc. (NYSE:SHCO)

Third Point LLC purchased a new position in shares of Soho House & Co Inc. (NYSE:SHCO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,352,076 shares of the company's stock, valued at approximately $17,523,000. Third Point LLC owned about 1.21% of Soho House & Co Inc. at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. KLP Kapitalforvaltning AS purchased a new position in shares of Soho House & Co Inc. in the 4th quarter valued at approximately $40,000. Barclays PLC lifted its position in Soho House & Co Inc. by 1,255.3% during the third quarter. Barclays PLC now owns 8,132 shares of the company's stock valued at $41,000 after buying an additional 7,532 shares during the period. Covestor Ltd purchased a new stake in shares of Soho House & Co Inc. in the 4th quarter worth about $59,000. R Squared Ltd bought a new position in shares of Soho House & Co Inc. in the 4th quarter worth about $82,000. Finally, XTX Topco Ltd purchased a new position in Soho House & Co Inc. during the 4th quarter valued at about $101,000. 62.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a "buy" rating and issued a $9.00 price objective on shares of Soho House & Co Inc. in a report on Wednesday, April 2nd.

Soho House & Co Inc. Stock Performance

Shares of SHCO traded down $0.06 during trading hours on Tuesday, hitting $6.04. The company had a trading volume of 32,371 shares, compared to its average volume of 316,985. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -8.61 and a beta of 0.61. The firm has a fifty day moving average price of $5.99 and a 200-day moving average price of $6.31. Soho House & Co Inc. has a 52-week low of $4.43 and a 52-week high of $8.47.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The firm had revenue of $305.54 million for the quarter, compared to analysts' expectations of $305.54 million. Research analysts anticipate that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

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.