Soho House & Co Inc. (NYSE:SHCO) Shares Down 5.1% – Time to Sell?

Shares of Soho House & Co Inc. (NYSE:SHCO) fell 5.1% on Tuesday . The company traded as low as $6.76 and last traded at $6.69. 110,725 shares traded hands during trading, a decline of 78% from the average session volume of 511,683 shares. The stock had previously closed at $7.05.

Soho House & Co Inc. Trading Down 6.5 %

The stock’s 50 day moving average is $7.28 and its 200 day moving average is $6.21. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -9.41 and a beta of 0.55.

Institutional Investors Weigh In On Soho House & Co Inc.

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

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.