Wolverine Asset Management LLC Takes $804,000 Position in Soho House & Co Inc. $SHCO

Wolverine Asset Management LLC purchased a new position in Soho House & Co Inc. (NYSE:SHCO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 90,801 shares of the company’s stock, valued at approximately $804,000.

Several other large investors have also recently made changes to their positions in SHCO. GAM Holding AG acquired a new stake in Soho House & Co Inc. during the 2nd quarter worth $623,000. Savant Capital LLC acquired a new stake in shares of Soho House & Co Inc. in the second quarter valued at about $144,000. Thematics Asset Management lifted its stake in shares of Soho House & Co Inc. by 12.7% in the second quarter. Thematics Asset Management now owns 548,754 shares of the company’s stock worth $4,033,000 after buying an additional 61,728 shares in the last quarter. Eschler Asset Management LLP purchased a new position in shares of Soho House & Co Inc. in the second quarter worth about $564,000. Finally, Osaic Holdings Inc. boosted its position in Soho House & Co Inc. by 37.4% during the second quarter. Osaic Holdings Inc. now owns 7,867 shares of the company’s stock worth $58,000 after acquiring an additional 2,143 shares during the last quarter. 62.35% of the stock is currently owned by hedge funds and other institutional investors.

Soho House & Co Inc. Trading Down 0.1%

Soho House & Co Inc. stock opened at $8.88 on Friday. The company has a 50-day moving average price of $8.79 and a 200 day moving average price of $8.40. Soho House & Co Inc. has a 12-month low of $4.77 and a 12-month high of $8.98. The stock has a market cap of $1.74 billion, a P/E ratio of -22.19 and a beta of 0.69.

Soho House & Co Inc. (NYSE:SHCO) last posted its earnings results on Friday, November 7th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.12). Soho House & Co Inc. had a negative net margin of 6.00% and a negative return on equity of 4.02%. The firm had revenue of $370.75 million during the quarter, compared to analyst estimates of $352.80 million. As a group, analysts forecast that Soho House & Co Inc. will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on SHCO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Soho House & Co Inc. in a report on Wednesday, October 8th. Zacks Research lowered Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.00.

About Soho House & Co Inc.

Soho House & Co Inc is a global hospitality and membership company that operates a network of private clubs, hotels, restaurants, workspaces and leisure facilities aimed primarily at creative professionals. Its core offering revolves around exclusive, members-only “Houses” that combine social spaces, dining venues, screening rooms, spas and event programming under one roof. The company’s diversified portfolio extends to branded hotels and short-stay locations, as well as co-working facilities under the Soho Works banner.

The company was founded in 1995 by Nick Jones in London, with the inaugural House offering serving emerging artists, filmmakers and designers.