Short Interest in Soho House & Co Inc. (NYSE:SHCO) Decreases By 20.9%

Soho House & Co Inc. (NYSE:SHCO) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 2,798,213 shares, a decrease of 20.9% from the December 15th total of 3,535,593 shares. Based on an average daily trading volume, of 351,656 shares, the short-interest ratio is presently 8.0 days. Currently, 5.7% of the company’s shares are short sold. Currently, 5.7% of the company’s shares are short sold. Based on an average daily trading volume, of 351,656 shares, the short-interest ratio is presently 8.0 days.

Institutional Investors Weigh In On Soho House & Co Inc.

Institutional investors and hedge funds have recently bought and sold shares of the company. GAM Holding AG bought a new position in shares of Soho House & Co Inc. during the second quarter valued at approximately $623,000. Savant Capital LLC purchased a new stake in Soho House & Co Inc. during the second quarter worth $144,000. Thematics Asset Management lifted its holdings in Soho House & Co Inc. by 12.7% during the second quarter. Thematics Asset Management now owns 548,754 shares of the company’s stock worth $4,033,000 after buying an additional 61,728 shares during the period. Wolverine Asset Management LLC bought a new stake in Soho House & Co Inc. during the 3rd quarter valued at $804,000. Finally, Eschler Asset Management LLP purchased a new position in shares of Soho House & Co Inc. in the 2nd quarter valued at $564,000. 62.35% of the stock is owned by institutional investors.

Soho House & Co Inc. Trading Down 0.1%

Shares of SHCO traded down $0.01 during trading hours on Friday, reaching $8.88. 2,091,829 shares of the company traded hands, compared to its average volume of 1,923,069. The stock’s fifty day moving average price is $8.79 and its 200 day moving average price is $8.40. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -22.19 and a beta of 0.69. Soho House & Co Inc. has a 12-month low of $4.77 and a 12-month high of $8.98.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SHCO. Zacks Research lowered shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Soho House & Co Inc. in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.00.

Soho House & Co Inc. Company Profile

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.