Symmetry Investments LP Increases Position in Soho House & Co Inc. (NYSE:SHCO)

Symmetry Investments LP increased its holdings in Soho House & Co Inc. (NYSE:SHCO) by 93.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,300 shares of the company’s stock after purchasing an additional 9,300 shares during the quarter. Symmetry Investments LP’s holdings in Soho House & Co Inc. were worth $102,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Walleye Trading LLC acquired a new position in shares of Soho House & Co Inc. during the 1st quarter worth approximately $79,000. Jump Financial LLC raised its position in Soho House & Co Inc. by 23.2% during the fourth quarter. Jump Financial LLC now owns 16,015 shares of the company’s stock worth $114,000 after acquiring an additional 3,015 shares during the period. Mesirow Financial Investment Management Inc. purchased a new position in Soho House & Co Inc. during the first quarter valued at $411,000. Renaissance Technologies LLC grew its position in shares of Soho House & Co Inc. by 9.0% in the second 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 during the period. Finally, Thematics Asset Management increased its stake in shares of Soho House & Co Inc. by 4.3% during the fourth quarter. Thematics Asset Management now owns 407,731 shares of the company’s stock worth $2,903,000 after purchasing an additional 16,814 shares in the last quarter. Hedge funds and other institutional investors own 62.35% of the company’s stock.

Insider Activity

In related news, CEO Andrew Carnie sold 22,509 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $5.77, for a total transaction of $129,876.93. Following the completion of the sale, the chief executive officer now directly owns 1,058,974 shares in the company, valued at $6,110,279.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Thomas Glassbrooke Allen sold 8,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $6.09, for a total value of $52,112.13. Following the transaction, the chief financial officer now owns 87,143 shares of the company’s stock, valued at approximately $530,700.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Carnie sold 22,509 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $5.77, for a total value of $129,876.93. Following the transaction, the chief executive officer now owns 1,058,974 shares of the company’s stock, valued at $6,110,279.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 177,344 shares of company stock valued at $1,002,900. 75.00% of the stock is currently owned by insiders.

Soho House & Co Inc. Trading Down 2.8 %

SHCO stock opened at $5.12 on Friday. The firm has a 50-day moving average of $5.50 and a two-hundred day moving average of $5.50. Soho House & Co Inc. has a 12 month low of $4.35 and a 12 month high of $8.48. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -6.74 and a beta of 0.78.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The company had revenue of $305.15 million during the quarter, compared to analysts’ expectations of $302.73 million. During the same period in the previous year, the company posted ($0.01) earnings per share. As a group, equities analysts forecast that Soho House & Co Inc. will post -0.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

SHCO has been the topic of several research analyst reports. Morgan Stanley reiterated 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. Roth Mkm reaffirmed a “buy” rating and issued a $7.50 price target on shares of Soho House & Co Inc. in a research note on Monday, August 12th. Finally, Citigroup dropped their price target on Soho House & Co Inc. from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

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.