Soho House & Co Inc. (NYSE:SHCO) CFO Sells $194,986.08 in Stock

Soho House & Co Inc. (NYSE:SHCO) CFO Thomas Glassbrooke Allen sold 32,336 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $6.03, for a total transaction of $194,986.08. Following the completion of the sale, the chief financial officer now owns 95,700 shares in the company, valued at $577,071. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Thomas Glassbrooke Allen also recently made the following trade(s):

• On Tuesday, August 27th, Thomas Glassbrooke Allen sold 8,557 shares of Soho House & Co Inc. stock. The shares were sold at an average price of $6.09, for a total value of $52,112.13.

Soho House & Co Inc. Trading Up 1.0 %

Shares of Soho House & Co Inc. stock traded up $0.06 during trading hours on Tuesday, reaching $6.25. 296,023 shares of the company’s stock were exchanged, compared to its average volume of 230,112. Soho House & Co Inc. has a 52-week low of $4.35 and a 52-week high of $8.48. The company has a fifty day moving average of $5.45 and a 200-day moving average of $5.51. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -7.97 and a beta of 0.74.

Soho House & Co Inc. (NYSE:SHCO) last released its earnings results on Friday, August 9th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The company had revenue of $305.15 million during the quarter, compared to analysts’ expectations of $302.73 million. During the same period in the prior year, the firm earned ($0.01) EPS. On average, equities research analysts anticipate that Soho House & Co Inc. will post -0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Thematics Asset Management grew its holdings in Soho House & Co Inc. by 4.3% in 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 period. Renaissance Technologies LLC grew its stake in shares of Soho House & Co Inc. by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock valued at $609,000 after buying an additional 9,502 shares during the period. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Soho House & Co Inc. during the 1st quarter valued at $411,000. Sapient Capital LLC acquired a new stake in shares of Soho House & Co Inc. during the 4th quarter worth $387,000. Finally, Symmetry Investments LP raised its position in shares of Soho House & Co Inc. by 93.0% in the 2nd quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock worth $102,000 after buying an additional 9,300 shares during the period. 62.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Roth Mkm reissued a “buy” rating and set a $7.50 price target on shares of Soho House & Co Inc. in a research report on Monday, August 12th. Citigroup cut their target price on shares of 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Soho House & Co Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $8.10.

Soho House & Co Inc. Company Profile

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.