Soho House & Co Inc. (NYSE:SHCO) Stock Price Down 3.5% – Time to Sell?

Soho House & Co Inc. (NYSE:SHCO)’s stock price dropped 3.5% during trading on Wednesday . The company traded as low as $6.13 and last traded at $6.15. Approximately 296,747 shares were traded during trading, a decline of 1% from the average daily volume of 300,571 shares. The stock had previously closed at $6.37.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $9.00 target price on shares of Soho House & Co Inc. in a research note on Wednesday.

Soho House & Co Inc. Trading Down 3.5 %

The company has a 50 day simple moving average of $7.14 and a 200 day simple moving average of $6.25. The stock has a market cap of $1.19 billion, a P/E ratio of -8.79 and a beta of 0.55.

Institutional Investors Weigh In On Soho House & Co Inc.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Third Point LLC acquired a new position in Soho House & Co Inc. during the fourth quarter worth $17,523,000. TIG Advisors LLC acquired a new position in shares of Soho House & Co Inc. during the 4th quarter worth about $7,395,000. D. E. Shaw & Co. Inc. bought a new position in Soho House & Co Inc. during the fourth quarter worth about $790,000. Renaissance Technologies LLC acquired a new position in Soho House & Co Inc. during the fourth quarter worth approximately $742,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Soho House & Co Inc. in the fourth quarter valued at approximately $596,000. Institutional investors own 62.35% of the company’s stock.

Soho House & Co Inc. Company Profile

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.