Soho House & Co Inc. (NYSE:SHCO) Hits New 52-Week High – Still a Buy?

Soho House & Co Inc. (NYSE:SHCO)’s stock price reached a new 52-week high on Thursday . The company traded as high as $8.09 and last traded at $7.72, with a volume of 3717310 shares traded. The stock had previously closed at $4.91.

Wall Street Analyst Weigh In

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

Soho House & Co Inc. Stock Up 55.4 %

The company has a 50 day moving average of $5.17 and a two-hundred day moving average of $5.33. The firm has a market cap of $1.49 billion, a P/E ratio of -8.29 and a beta of 0.70.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its stake in shares of 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 acquiring an additional 2,100 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Soho House & Co Inc. by 28.1% in the 3rd 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 during the period. Barclays PLC boosted its holdings in Soho House & Co Inc. by 1,255.3% during the third quarter. Barclays PLC now owns 8,132 shares of the company’s stock valued at $41,000 after purchasing an additional 7,532 shares in the last quarter. Symmetry Investments LP grew its stake in 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 during the last quarter. Finally, Renaissance Technologies LLC increased its holdings 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 valued at $609,000 after purchasing an additional 9,502 shares in the last quarter. Institutional investors and hedge funds 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.