Insider Selling: Soho House & Co Inc. (NYSE:SHCO) CEO Sells 45,561 Shares of Stock

Soho House & Co Inc. (NYSE:SHCO) CEO Andrew Carnie sold 45,561 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $5.61, for a total transaction of $255,597.21. Following the sale, the chief executive officer now owns 1,013,413 shares of the company’s stock, valued at $5,685,246.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Andrew Carnie also recently made the following trade(s):

• On Friday, July 19th, Andrew Carnie sold 22,509 shares of Soho House & Co Inc. stock. The stock was sold at an average price of $5.77, for a total transaction of $129,876.93.

Soho House & Co Inc. Stock Performance

Shares of SHCO stock traded up $0.04 during trading hours on Tuesday, reaching $5.63. The company had a trading volume of 204,137 shares, compared to its average volume of 224,677. The business has a fifty day moving average price of $5.43 and a 200-day moving average price of $5.69. Soho House & Co Inc. has a one year low of $4.35 and a one year high of $8.48.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings data on Friday, May 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). The company had revenue of $263.15 million for the quarter, compared to the consensus estimate of $258.25 million. As a group, equities research analysts expect that Soho House & Co Inc. will post -0.35 earnings per share for the current year.

Hedge Funds Weigh In On Soho House & Co Inc.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Walleye Trading LLC purchased a new position in shares of Soho House & Co Inc. in the first quarter worth approximately $79,000. Mesirow Financial Investment Management Inc. purchased a new position in shares of Soho House & Co Inc. in the first quarter worth approximately $411,000. Thematics Asset Management boosted its holdings in shares of Soho House & Co Inc. by 4.3% in the fourth quarter. Thematics Asset Management now owns 407,731 shares of the company’s stock worth $2,903,000 after buying an additional 16,814 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Soho House & Co Inc. by 23.2% in the fourth quarter. Jump Financial LLC now owns 16,015 shares of the company’s stock worth $114,000 after buying an additional 3,015 shares during the last quarter. Finally, Sapient Capital LLC purchased a new position in Soho House & Co Inc. during the fourth quarter valued at approximately $387,000. Hedge funds and other institutional investors own 62.35% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup reduced their price target on shares of Soho House & Co Inc. from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.10.

Soho House & Co Inc. Company Profile

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.