Soho House & Co Inc. (NYSE:SHCO) Shares Gap Down After Earnings Miss

Shares of Soho House & Co Inc. (NYSE:SHCO) gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $6.18, but opened at $5.76. Soho House & Co Inc. shares last traded at $6.37, with a volume of 77,132 shares changing hands.

The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $305.54 million for the quarter, compared to analyst estimates of $305.54 million.

Institutional Trading of Soho House & Co Inc.

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

Soho House & Co Inc. Stock Performance

The company has a market capitalization of $1.25 billion, a PE ratio of -9.10 and a beta of 0.55. The stock has a 50 day moving average price of $7.16 and a two-hundred day moving average price of $6.25.

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.