Insider Selling: Soho House & Co Inc. (NYSE:SHCO) CEO Sells 22,509 Shares of Stock

Soho House & Co Inc. (NYSE:SHCO) CEO Andrew Carnie sold 22,509 shares of Soho House & Co Inc. stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $5.77, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Andrew Carnie also recently made the following trade(s):

• On Monday, July 22nd, Andrew Carnie sold 45,561 shares of Soho House & Co Inc. stock. The stock was sold at an average price of $5.61, for a total value of $255,597.21.

Soho House & Co Inc. Stock Up 0.7 %

NYSE SHCO traded up $0.04 during trading hours on Tuesday, hitting $5.63. 204,137 shares of the company were exchanged, compared to its average volume of 224,677. The stock has a 50-day moving average price of $5.43 and a 200 day moving average price of $5.69. 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 cap of $1.10 billion, a PE ratio of -7.41 and a beta of 0.74.

Soho House & Co Inc. (NYSE:SHCO) last issued its quarterly earnings data on Friday, May 10th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The business had revenue of $263.15 million during the quarter, compared to the consensus estimate of $258.25 million. As a group, sell-side analysts anticipate that Soho House & Co Inc. will post -0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Jump Financial LLC boosted its position in shares of Soho House & Co Inc. by 23.2% during the fourth quarter. Jump Financial LLC now owns 16,015 shares of the company’s stock valued at $114,000 after buying an additional 3,015 shares during the period. Walleye Trading LLC purchased a new position in shares of Soho House & Co Inc. during the first quarter valued at approximately $79,000. Thematics Asset Management boosted its position 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 valued at $2,903,000 after buying an additional 16,814 shares during the period. Sapient Capital LLC purchased a new position in shares of Soho House & Co Inc. during the fourth quarter valued at approximately $387,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of Soho House & Co Inc. during the first quarter valued at approximately $411,000. Hedge funds and other institutional investors own 62.35% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup reduced their target price on Soho House & Co Inc. from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, June 3rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.10.

Soho House & Co Inc. Company 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.