Soho House & Co Inc. (NYSE:SHCO) Trading Down 3.4%

Shares of Soho House & Co Inc. (NYSE:SHCO) traded down 3.4% during mid-day trading on Thursday . The company traded as low as $5.77 and last traded at $5.77. 85,306 shares were traded during mid-day trading, a decline of 67% from the average session volume of 258,403 shares. The stock had previously closed at $5.97.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup decreased their price objective on Soho House & Co Inc. from $11.00 to $10.00 and set a “buy” rating for the company in a report on Monday, February 12th. Roth Mkm decreased their price target on Soho House & Co Inc. from $10.00 to $7.50 and set a “buy” rating for the company in a research note on Monday, March 18th. Finally, William Blair reaffirmed an “outperform” rating on shares of Soho House & Co Inc. in a research note on Monday, March 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Soho House & Co Inc. Trading Down 5.0 %

The business has a 50-day moving average price of $5.93 and a 200 day moving average price of $6.61. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -9.95 and a beta of 0.74.

Institutional Trading of Soho House & Co Inc.

A number of hedge funds have recently modified their holdings of the business. FMR LLC purchased a new stake in shares of Soho House & Co Inc. during the third quarter worth $28,000. Barclays PLC purchased a new stake in shares of Soho House & Co Inc. during the third quarter worth $45,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Soho House & Co Inc. during the third quarter worth $59,000. Arizona State Retirement System purchased a new stake in shares of Soho House & Co Inc. during the third quarter worth $69,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of Soho House & Co Inc. during the fourth quarter worth $71,000. Hedge funds and other institutional investors 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.