Soho House & Co Inc. (NYSE:SHCO) Shares Gap Down – What’s Next?

Soho House & Co Inc. (NYSE:SHCO)’s share price gapped down prior to trading on Friday . The stock had previously closed at $7.98, but opened at $7.80. Soho House & Co Inc. shares last traded at $8.01, with a volume of 49,949 shares traded.

Soho House & Co Inc. Stock Up 0.8 %

The stock has a market cap of $1.56 billion, a P/E ratio of -11.49 and a beta of 0.52. The firm’s 50 day simple moving average is $6.56 and its two-hundred day simple moving average is $5.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in Soho House & Co Inc. by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock worth $609,000 after purchasing an additional 9,502 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Soho House & Co Inc. by 5.2% during the third quarter. GSA Capital Partners LLP now owns 194,025 shares of the company’s stock worth $990,000 after buying an additional 9,524 shares during the period. Daiwa Securities Group Inc. grew its holdings in Soho House & Co Inc. by 13.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 17,200 shares of the company’s stock worth $88,000 after buying an additional 2,100 shares in the last quarter. FMR LLC grew its holdings in Soho House & Co Inc. by 303.7% in the 3rd quarter. FMR LLC now owns 13,479 shares of the company’s stock worth $69,000 after buying an additional 10,140 shares in the last quarter. Finally, Thematics Asset Management increased its position in Soho House & Co Inc. by 4.7% in the 3rd quarter. Thematics Asset Management now owns 496,210 shares of the company’s stock valued at $2,531,000 after acquiring an additional 22,055 shares during the period. Institutional investors and hedge funds 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.