Soho House & Co Inc. (NYSE:SHCO) Shares Down 4.9% – Should You Sell?

Soho House & Co Inc. (NYSE:SHCO) was down 4.9% during trading on Tuesday . The company traded as low as $7.09 and last traded at $7.12. Approximately 68,088 shares traded hands during trading, a decline of 71% from the average daily volume of 236,613 shares. The stock had previously closed at $7.49.

Analysts Set New Price Targets

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

Soho House & Co Inc. Trading Down 4.3 %

The firm has a market cap of $1.40 billion, a P/E ratio of -7.79 and a beta of 0.70. The business’s fifty day simple moving average is $5.30 and its 200-day simple moving average is $5.37.

Institutional Trading of Soho House & Co Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its holdings in Soho House & Co Inc. by 1,255.3% during 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 boosted its position in shares of Soho House & Co Inc. by 303.7% in the third quarter. FMR LLC now owns 13,479 shares of the company’s stock valued at $69,000 after acquiring an additional 10,140 shares during the period. Daiwa Securities Group Inc. grew its stake in 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 acquiring an additional 2,100 shares in the last quarter. Wolverine Trading LLC bought a new stake in Soho House & Co Inc. during the 3rd quarter worth approximately $97,000. Finally, Symmetry Investments LP lifted its stake 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. 62.35% of the stock is currently owned by institutional investors.

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.