Soho House & Co Inc. (NYSE:SHCO) Sees Large Volume Increase – Should You Buy?

Soho House & Co Inc. (NYSE:SHCO) saw unusually-strong trading volume on Tuesday . Approximately 660,113 shares traded hands during mid-day trading, an increase of 146% from the previous session’s volume of 268,493 shares.The stock last traded at $7.71 and had previously closed at $7.77.

Soho House & Co Inc. Price Performance

The company has a 50-day moving average price of $6.02 and a two-hundred day moving average price of $5.64. The company has a market cap of $1.49 billion, a PE ratio of -10.94 and a beta of 0.52.

Institutional Investors Weigh In On Soho House & Co Inc.

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Soho House & Co Inc. by 831.3% in the third quarter. JPMorgan Chase & Co. now owns 65,376 shares of the company’s stock worth $333,000 after buying an additional 58,356 shares during the period. Barclays PLC lifted its stake in shares of Soho House & Co Inc. by 1,255.3% in the third quarter. Barclays PLC now owns 8,132 shares of the company’s stock worth $41,000 after acquiring an additional 7,532 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Soho House & Co Inc. by 28.1% in the third quarter. Jane Street Group LLC now owns 23,972 shares of the company’s stock worth $122,000 after acquiring an additional 5,255 shares in the last quarter. Wolverine Trading LLC acquired a new position in shares of Soho House & Co Inc. in the third quarter worth about $97,000. Finally, Thematics Asset Management lifted its stake in shares of Soho House & Co Inc. by 4.7% in the third quarter. Thematics Asset Management now owns 496,210 shares of the company’s stock worth $2,531,000 after acquiring an additional 22,055 shares in the last quarter. Hedge funds and other institutional investors own 62.35% of the company’s stock.

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.