Soho House & Co Inc. (NYSE:SHCO) Shares Gap Up – Time to Buy?

Soho House & Co Inc. (NYSE:SHCO) gapped up prior to trading on Wednesday . The stock had previously closed at $7.37, but opened at $7.77. Soho House & Co Inc. shares last traded at $7.74, with a volume of 128,190 shares trading hands.

Soho House & Co Inc. Stock Performance

The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -11.60 and a beta of 0.52. The business’s 50-day simple moving average is $6.44 and its 200-day simple moving average is $5.76.

Institutional Trading of Soho House & Co Inc.

A number of large investors have recently bought and sold shares of SHCO. Barclays PLC grew its holdings in Soho House & Co Inc. by 1,255.3% in the 3rd quarter. Barclays PLC now owns 8,132 shares of the company’s stock valued at $41,000 after buying an additional 7,532 shares in the last quarter. FMR LLC increased its stake in Soho House & Co Inc. by 303.7% during the 3rd quarter. FMR LLC now owns 13,479 shares of the company’s stock worth $69,000 after acquiring an additional 10,140 shares during the period. R Squared Ltd acquired a new stake in shares of Soho House & Co Inc. during the 4th quarter worth $82,000. Daiwa Securities Group Inc. increased its position 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 worth $88,000 after purchasing an additional 2,100 shares during the period. Finally, Wolverine Trading LLC acquired a new position in Soho House & Co Inc. in the third quarter valued at about $97,000. 62.35% of the stock is owned by institutional investors.

About Soho House & Co Inc.

Soho House & Co, Inc is a holding company, which offers global membership platform of physical and digital spaces. It operates through the following segments: UK, North America, Europe and Rest of the World, and All Other. The company was founded by Nicholas Keith Arthur Jones in 1995 and is headquartered in London, the United Kingdom.