Soho House & Co Inc. (NYSE:SHCO) Sees Large Volume Increase – Here’s What Happened

Soho House & Co Inc. (NYSE:SHCO) shares saw unusually-high trading volume on Thursday . Approximately 187,684 shares traded hands during mid-day trading, a decline of 21% from the previous session’s volume of 237,572 shares.The stock last traded at $7.00 and had previously closed at $7.17.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an “equal weight” rating and set a $5.50 price objective on shares of Soho House & Co Inc. in a research note on Tuesday, September 3rd.

Soho House & Co Inc. Trading Down 3.3 %

The firm has a 50-day moving average of $5.36 and a two-hundred day moving average of $5.40. The firm has a market capitalization of $1.35 billion, a PE ratio of -7.53 and a beta of 0.70.

Institutional Trading of Soho House & Co Inc.

A number of institutional investors have recently modified their holdings of SHCO. Renaissance Technologies LLC boosted its position in Soho House & Co Inc. by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock worth $609,000 after purchasing an additional 9,502 shares during the period. Symmetry Investments LP lifted its stake in shares of Soho House & Co Inc. by 93.0% during the second quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock worth $102,000 after purchasing an additional 9,300 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Soho House & Co Inc. by 5.2% in the third quarter. GSA Capital Partners LLP now owns 194,025 shares of the company’s stock worth $990,000 after buying an additional 9,524 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Soho House & Co Inc. by 13.9% in the third quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock valued at $88,000 after buying an additional 2,100 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Soho House & Co Inc. by 303.7% during the 3rd quarter. FMR LLC now owns 13,479 shares of the company’s stock valued at $69,000 after buying an additional 10,140 shares during the period. Hedge funds and other institutional investors own 62.35% of the company’s stock.

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.