Soho House & Co Inc. (NYSE:SHCO) Shares Up 5.2% – Should You Buy?

Soho House & Co Inc. (NYSE:SHCO)’s stock price rose 5.2% on Monday . The stock traded as high as $7.48 and last traded at $7.44. Approximately 139,980 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 235,283 shares. The stock had previously closed at $7.07.

Wall Street Analyst Weigh In

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

Soho House & Co Inc. Stock Up 5.1 %

The stock has a market cap of $1.45 billion, a P/E ratio of -8.08 and a beta of 0.70. The firm has a 50 day simple moving average of $5.25 and a 200-day simple moving average of $5.36.

Hedge Funds Weigh In On Soho House & Co Inc.

Several institutional investors and hedge funds have recently modified their holdings of SHCO. Barclays PLC boosted its holdings in shares of Soho House & Co Inc. by 1,255.3% during 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 during the period. FMR LLC boosted its stake in Soho House & Co Inc. by 303.7% in the 3rd quarter. FMR LLC now owns 13,479 shares of the company’s stock valued at $69,000 after purchasing an additional 10,140 shares during the period. Daiwa Securities Group Inc. grew its holdings in Soho House & Co Inc. by 13.9% in the 3rd 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. Wolverine Trading LLC bought a new position in Soho House & Co Inc. during the 3rd quarter worth $97,000. Finally, Symmetry Investments LP lifted its holdings 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 buying an additional 9,300 shares in the last quarter. 62.35% of the stock is currently owned by institutional investors and hedge funds.

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.