Soho House & Co Inc. (NYSE:SHCO) Shares Gap Down After Earnings Miss

Soho House & Co Inc. (NYSE:SHCO) shares gapped down before the market opened on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $6.18, but opened at $5.76. Soho House & Co Inc. shares last traded at $6.37, with a volume of 77,132 shares changing hands.

The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $305.54 million for the quarter, compared to analyst estimates of $305.54 million.

Institutional Trading of Soho House & Co Inc.

Several hedge funds have recently modified their holdings of SHCO. KLP Kapitalforvaltning AS acquired a new position in Soho House & Co Inc. during the 4th quarter worth $40,000. Barclays PLC boosted its stake in shares of Soho House & Co Inc. by 1,255.3% in 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 during the period. Covestor Ltd acquired a new position in shares of Soho House & Co Inc. during the fourth quarter worth about $59,000. FMR LLC increased its stake in shares of Soho House & Co Inc. by 303.7% during the third quarter. FMR LLC now owns 13,479 shares of the company’s stock worth $69,000 after buying an additional 10,140 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Soho House & Co Inc. during the fourth quarter worth approximately $82,000. 62.35% of the stock is currently owned by institutional investors and hedge funds.

Soho House & Co Inc. Stock Up 3.8 %

The company’s fifty day moving average is $7.14 and its two-hundred day moving average is $6.25. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -9.17 and a beta of 0.55.

About Soho House & Co Inc.

Soho House & Co, Inc is a holding company, which offers global membership platform of physical and digital spaces. It operates through the following segments: UK, North America, Europe and Rest of the World, and All Other. The company was founded by Nicholas Keith Arthur Jones in 1995 and is headquartered in London, the United Kingdom.