Daiwa Securities Group Inc. Cuts Stock Holdings in Soho House & Co Inc. (NYSE:SHCO)

Daiwa Securities Group Inc. trimmed its stake in shares of Soho House & Co Inc. (NYSE:SHCO) by 21.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,100 shares of the company’s stock after selling 4,100 shares during the period. Daiwa Securities Group Inc.’s holdings in Soho House & Co Inc. were worth $108,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SHCO. Barclays PLC purchased a new position in Soho House & Co Inc. during the third quarter valued at $45,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Soho House & Co Inc. during the third quarter valued at $59,000. Arizona State Retirement System purchased a new position in Soho House & Co Inc. during the third quarter valued at $69,000. Corton Capital Inc. purchased a new position in Soho House & Co Inc. during the third quarter valued at $89,000. Finally, Jump Financial LLC purchased a new position in Soho House & Co Inc. during the third quarter valued at $90,000. 62.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SHCO shares. William Blair reaffirmed an “outperform” rating on shares of Soho House & Co Inc. in a research note on Monday, March 18th. Citigroup lowered their price objective on shares of Soho House & Co Inc. from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, February 12th. Finally, Roth Mkm lowered their price objective on shares of Soho House & Co Inc. from $10.00 to $7.50 and set a “buy” rating for the company in a research report on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $8.50.

Soho House & Co Inc. Trading Down 1.4 %

Soho House & Co Inc. stock opened at $5.66 on Friday. The firm has a 50-day moving average price of $5.72 and a 200-day moving average price of $6.40. The firm has a market capitalization of $1.11 billion, a PE ratio of -9.43 and a beta of 0.73. Soho House & Co Inc. has a 12-month low of $4.35 and a 12-month high of $8.48.

Soho House & Co Inc. (NYSE:SHCO) last released its earnings results on Friday, March 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $290.79 million for the quarter, compared to analysts’ expectations of $303.05 million. As a group, sell-side analysts predict that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

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.