Soho House & Co Inc. (NYSE:SHCO) CEO Sells $132,790.40 in Stock

Soho House & Co Inc. (NYSE:SHCO) CEO Andrew Carnie sold 24,410 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $5.44, for a total transaction of $132,790.40. Following the completion of the transaction, the chief executive officer now owns 956,479 shares of the company’s stock, valued at $5,203,245.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Andrew Carnie also recently made the following trade(s):

• On Monday, July 22nd, Andrew Carnie sold 45,561 shares of Soho House & Co Inc. stock. The shares were sold at an average price of $5.61, for a total transaction of $255,597.21.
• On Friday, July 19th, Andrew Carnie sold 22,509 shares of Soho House & Co Inc. stock. The stock was sold at an average price of $5.77, for a total value of $129,876.93.

Soho House & Co Inc. Stock Performance

SHCO opened at $5.18 on Friday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -6.82 and a beta of 0.74. The company has a fifty day moving average of $5.41 and a 200 day moving average of $5.66. Soho House & Co Inc. has a fifty-two week low of $4.35 and a fifty-two week high of $8.48.

Soho House & Co Inc. (NYSE:SHCO) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The business had revenue of $263.15 million for the quarter, compared to analyst estimates of $258.25 million. On average, equities research analysts forecast that Soho House & Co Inc. will post -0.35 earnings per share for the current year.

Hedge Funds Weigh In On Soho House & Co Inc.

Institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC raised its holdings in shares of Soho House & Co Inc. by 23.2% during the 4th quarter. Jump Financial LLC now owns 16,015 shares of the company’s stock worth $114,000 after acquiring an additional 3,015 shares in the last quarter. Walleye Trading LLC purchased a new stake in Soho House & Co Inc. during the first quarter valued at $79,000. Thematics Asset Management lifted its position in Soho House & Co Inc. by 4.3% during the fourth quarter. Thematics Asset Management now owns 407,731 shares of the company’s stock valued at $2,903,000 after purchasing an additional 16,814 shares during the last quarter. Sapient Capital LLC bought a new position in Soho House & Co Inc. during the fourth quarter valued at $387,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of Soho House & Co Inc. in the 1st quarter worth $411,000. Hedge funds and other institutional investors own 62.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their price objective on Soho House & Co Inc. from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.10.

About Soho House & Co Inc.

Soho House & Co Inc operates a global membership platform of physical and digital spaces that connects a group of members. The company helps the members to use the platform to work, socialize, connect, create, and flourish all over the world. The company was formerly known as Membership Collective Group Inc and changed its name to Soho House & Co Inc in March 2023.