Soho House & Co Inc. (NYSE:SHCO) Shares Up 5.2% – Here’s What Happened

Soho House & Co Inc. (NYSE:SHCO) shares traded up 5.2% on Monday . The stock traded as high as $7.48 and last traded at $7.44. 139,980 shares changed hands during trading, a decline of 41% from the average session volume of 235,283 shares. The stock had previously closed at $7.07.

Analysts Set New Price Targets

Separately, Morgan Stanley reissued an “equal weight” rating and issued a $5.50 target price on shares of Soho House & Co Inc. in a report on Tuesday, September 3rd.

Soho House & Co Inc. Stock Performance

The company has a market cap of $1.45 billion, a price-to-earnings ratio of -8.08 and a beta of 0.70. The business has a fifty day moving average price of $5.25 and a 200 day moving average price of $5.36.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its stake in shares of Soho House & Co Inc. by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock valued at $609,000 after acquiring an additional 9,502 shares during the last quarter. Symmetry Investments LP increased its holdings in 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 purchasing an additional 9,300 shares in the last quarter. GSA Capital Partners LLP raised its position in 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 valued at $990,000 after purchasing an additional 9,524 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Soho House & Co Inc. by 13.9% during the third quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock valued at $88,000 after purchasing an additional 2,100 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Soho House & Co Inc. by 303.7% during the third quarter. FMR LLC now owns 13,479 shares of the company’s stock worth $69,000 after purchasing an additional 10,140 shares during the last quarter. Institutional investors and hedge funds 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.