TIG Advisors LLC Takes Position in Soho House & Co Inc. (NYSE:SHCO)

TIG Advisors LLC acquired a new stake in Soho House & Co Inc. (NYSE:SHCO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 992,554 shares of the company's stock, valued at approximately $7,395,000. TIG Advisors LLC owned approximately 0.51% of Soho House & Co Inc. at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Soho House & Co Inc. during the fourth quarter worth $40,000. Barclays PLC lifted its stake in shares of Soho House & Co Inc. by 1,255.3% in the 3rd quarter. Barclays PLC now owns 8,132 shares of the company's stock worth $41,000 after acquiring an additional 7,532 shares during the period. Covestor Ltd purchased a new stake in shares of Soho House & Co Inc. in the fourth quarter valued at about $59,000. R Squared Ltd purchased a new stake in shares of Soho House & Co Inc. in the fourth quarter valued at about $82,000. Finally, XTX Topco Ltd acquired a new position in shares of Soho House & Co Inc. during the fourth quarter worth about $101,000. Hedge funds and other institutional investors own 62.35% of the company's stock.

Soho House & Co Inc. Trading Up 2.2 %

Shares of Soho House & Co Inc. stock traded up $0.14 during mid-day trading on Friday, hitting $6.37. 218,396 shares of the stock were exchanged, compared to its average volume of 318,499. The company has a 50-day simple moving average of $6.02 and a 200 day simple moving average of $6.30. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -9.10 and a beta of 0.61. Soho House & Co Inc. has a twelve month low of $4.43 and a twelve month high of $8.47.

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

Wall Street Analysts Forecast Growth

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

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.