Soho House & Co Inc. (NYSE:SHCO) Shares Gap Up – Should You Buy?

Soho House & Co Inc. (NYSE:SHCO) shares gapped up before the market opened on Wednesday . The stock had previously closed at $7.37, but opened at $7.77. Soho House & Co Inc. shares last traded at $7.74, with a volume of 128,190 shares.

Soho House & Co Inc. Trading Up 10.8 %

The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -11.60 and a beta of 0.52. The stock’s fifty day moving average price is $6.44 and its two-hundred day moving average price is $5.76.

Hedge Funds Weigh In On Soho House & Co Inc.

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in shares of Soho House & Co Inc. by 1,255.3% in the third quarter. Barclays PLC now owns 8,132 shares of the company’s stock worth $41,000 after buying an additional 7,532 shares during the period. FMR LLC grew its position in Soho House & Co Inc. by 303.7% in the third quarter. FMR LLC now owns 13,479 shares of the company’s stock valued at $69,000 after acquiring an additional 10,140 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Soho House & Co Inc. during the fourth quarter valued at approximately $82,000. Daiwa Securities Group Inc. lifted its position in shares of Soho House & Co Inc. by 13.9% during the third quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock worth $88,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new position in shares of Soho House & Co Inc. in the third quarter valued at $97,000. 62.35% of the stock is currently owned by hedge funds and other institutional investors.

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.