Soho House & Co Inc. (NYSE:SHCO) Sets New 1-Year High – Here’s Why

Soho House & Co Inc. (NYSE:SHCO)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $8.97 and last traded at $8.9650, with a volume of 294679 shares changing hands. The stock had previously closed at $8.96.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Soho House & Co Inc. in a research note on Wednesday, October 8th. Zacks Research lowered shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Soho House & Co Inc. presently has a consensus rating of “Hold” and a consensus target price of $9.00.

Soho House & Co Inc. Price Performance

The stock has a market cap of $1.75 billion, a P/E ratio of -22.40 and a beta of 0.69. The firm’s fifty day moving average price is $8.88 and its two-hundred day moving average price is $8.28.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.12). The business had revenue of $370.75 million for the quarter, compared to the consensus estimate of $352.80 million. Soho House & Co Inc. had a negative net margin of 6.00% and a negative return on equity of 4.02%. On average, research analysts expect that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC bought a new stake in Soho House & Co Inc. during the first quarter worth about $79,000. Third Point LLC raised its holdings in shares of Soho House & Co Inc. by 121.1% during the 1st quarter. Third Point LLC now owns 5,200,000 shares of the company’s stock valued at $32,136,000 after buying an additional 2,847,924 shares in the last quarter. GAM Holding AG bought a new stake in Soho House & Co Inc. in the 2nd quarter worth approximately $623,000. AlphaQuest LLC bought a new stake in Soho House & Co Inc. in the 1st quarter worth approximately $27,000. Finally, Savant Capital LLC purchased a new stake in Soho House & Co Inc. in the second quarter worth approximately $144,000. 62.35% of the stock is currently owned by institutional investors.

About Soho House & Co Inc.

Soho House & Co Inc is a global hospitality and membership company that operates a network of private clubs, hotels, restaurants, workspaces and leisure facilities aimed primarily at creative professionals. Its core offering revolves around exclusive, members-only “Houses” that combine social spaces, dining venues, screening rooms, spas and event programming under one roof. The company’s diversified portfolio extends to branded hotels and short-stay locations, as well as co-working facilities under the Soho Works banner.

The company was founded in 1995 by Nick Jones in London, with the inaugural House offering serving emerging artists, filmmakers and designers.