Algert Global LLC Cuts Stake in Soho House & Co Inc. (NYSE:SHCO)

Algert Global LLC cut its position in Soho House & Co Inc. (NYSE:SHCO) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,609 shares of the company’s stock after selling 3,535 shares during the quarter. Algert Global LLC owned about 0.06% of Soho House & Co Inc. worth $635,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHCO. Thematics Asset Management grew its holdings in Soho House & Co Inc. by 4.3% during the 4th quarter. Thematics Asset Management now owns 407,731 shares of the company’s stock valued at $2,903,000 after buying an additional 16,814 shares in the last quarter. Walleye Trading LLC purchased a new position in shares of Soho House & Co Inc. during the first quarter worth approximately $79,000. Renaissance Technologies LLC lifted its holdings in shares of Soho House & Co Inc. by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock worth $609,000 after acquiring an additional 9,502 shares during the last quarter. Finally, Symmetry Investments LP boosted its stake in shares of Soho House & Co Inc. by 93.0% in the 2nd quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock valued at $102,000 after purchasing an additional 9,300 shares in the last quarter. Institutional investors own 62.35% of the company’s stock.

Soho House & Co Inc. Stock Performance

Shares of Soho House & Co Inc. stock opened at $5.29 on Friday. The company’s 50 day moving average price is $5.39 and its 200-day moving average price is $5.45. Soho House & Co Inc. has a 52-week low of $4.35 and a 52-week high of $8.48. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -6.96 and a beta of 0.76.

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

Insider Buying and Selling at Soho House & Co Inc.

In other news, CFO Thomas Glassbrooke Allen sold 21,461 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $5.74, for a total transaction of $123,186.14. Following the transaction, the chief financial officer now directly owns 119,532 shares of the company’s stock, valued at approximately $686,113.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Thomas Glassbrooke Allen sold 21,461 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $5.74, for a total transaction of $123,186.14. Following the transaction, the chief financial officer now owns 119,532 shares in the company, valued at $686,113.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Carnie sold 22,509 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was 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 owns 1,058,974 shares of the company’s stock, valued at $6,110,279.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 177,344 shares of company stock valued at $1,002,900 in the last 90 days. Insiders own 75.00% of the company’s stock.

Wall Street Analyst Weigh In

SHCO has been the topic of a number of analyst reports. Roth Mkm reiterated a “buy” rating and issued a $7.50 target price on shares of Soho House & Co Inc. in a research report on Monday, August 12th. Morgan Stanley reaffirmed an “equal weight” rating and set a $5.50 price objective on shares of Soho House & Co Inc. in a research note on Tuesday, September 3rd.

Soho House & Co Inc. 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.