Soho House & Co Inc. (NYSE:SHCO) Sees Large Volume Increase – Should You Buy?

Soho House & Co Inc. (NYSE:SHCO) shares saw strong trading volume on Tuesday . 660,113 shares traded hands during mid-day trading, an increase of 146% from the previous session’s volume of 268,493 shares.The stock last traded at $7.71 and had previously closed at $7.77.

Soho House & Co Inc. Stock Down 1.3 %

The company has a 50 day moving average of $6.02 and a 200 day moving average of $5.64. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -10.94 and a beta of 0.52.

Institutional Trading of Soho House & Co Inc.

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Soho House & Co Inc. by 831.3% during the third quarter. JPMorgan Chase & Co. now owns 65,376 shares of the company’s stock valued at $333,000 after buying an additional 58,356 shares in the last quarter. Barclays PLC raised its stake in Soho House & Co Inc. by 1,255.3% during the third quarter. Barclays PLC now owns 8,132 shares of the company’s stock valued at $41,000 after buying an additional 7,532 shares in the last quarter. Jane Street Group LLC raised its stake in Soho House & Co Inc. by 28.1% during the third quarter. Jane Street Group LLC now owns 23,972 shares of the company’s stock valued at $122,000 after buying an additional 5,255 shares in the last quarter. Wolverine Trading LLC acquired a new stake in Soho House & Co Inc. during the third quarter valued at approximately $97,000. Finally, Thematics Asset Management raised its stake in Soho House & Co Inc. by 4.7% during the third quarter. Thematics Asset Management now owns 496,210 shares of the company’s stock valued at $2,531,000 after buying an additional 22,055 shares in the last quarter. Institutional investors and hedge funds own 62.35% of the company’s stock.

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.