Soho House & Co Inc. (NYSE:SHCO) Reaches New 52-Week High – Still a Buy?

Soho House & Co Inc. (NYSE:SHCO)’s share price reached a new 52-week high on Thursday . The stock traded as high as $8.47 and last traded at $8.27, with a volume of 3683892 shares. The stock had previously closed at $7.37.

Soho House & Co Inc. Stock Up 12.2 %

The stock has a fifty day moving average price of $6.51 and a two-hundred day moving average price of $5.78. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -11.82 and a beta of 0.52.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings in shares of Soho House & Co Inc. by 9.0% during the second quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock worth $609,000 after buying an additional 9,502 shares in the last quarter. GSA Capital Partners LLP boosted its position in 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 acquiring an additional 9,524 shares during the last quarter. Daiwa Securities Group Inc. grew its stake 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 acquiring an additional 2,100 shares during the period. FMR LLC raised 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 valued at $69,000 after acquiring an additional 10,140 shares during the last quarter. Finally, Thematics Asset Management lifted its stake in shares of Soho House & Co Inc. by 4.7% during the 3rd quarter. Thematics Asset Management now owns 496,210 shares of the company’s stock worth $2,531,000 after purchasing an additional 22,055 shares during the period. 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.