Trexquant Investment LP acquired a new position in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS – Get Rating) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 14,575 shares of the restaurant operator’s stock, valued at approximately $107,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Amalgamated Bank purchased a new position in ONE Group Hospitality during the 1st quarter worth $36,000. Meeder Asset Management Inc. grew its position in ONE Group Hospitality by 85,916.7% during the 1st quarter. Meeder Asset Management Inc. now owns 5,161 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 5,155 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of ONE Group Hospitality in the 2nd quarter worth $69,000. MetLife Investment Management LLC lifted its stake in shares of ONE Group Hospitality by 56.3% in the 1st quarter. MetLife Investment Management LLC now owns 12,015 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 4,326 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of ONE Group Hospitality by 35.2% in the 1st quarter. Rhumbline Advisers now owns 14,589 shares of the restaurant operator’s stock worth $153,000 after acquiring an additional 3,800 shares during the period. 39.70% of the stock is owned by hedge funds and other institutional investors.
ONE Group Hospitality Stock Down 2.7 %
Shares of NASDAQ STKS opened at $6.50 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.90 and a debt-to-equity ratio of 0.42. The ONE Group Hospitality, Inc. has a 52 week low of $4.91 and a 52 week high of $13.85. The firm has a 50-day moving average price of $6.63 and a 200 day moving average price of $7.55. The stock has a market capitalization of $209.73 million, a price-to-earnings ratio of 15.48 and a beta of 2.15.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Stephens assumed coverage on shares of ONE Group Hospitality in a research note on Thursday, September 22nd. They issued an “overweight” rating and a $15.00 target price for the company. StockNews.com assumed coverage on shares of ONE Group Hospitality in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Wedbush reduced their target price on shares of ONE Group Hospitality from $19.00 to $7.50 and set an “outperform” rating for the company in a research note on Friday, November 4th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, ONE Group Hospitality has an average rating of “Moderate Buy” and an average target price of $11.83.
Insider Activity at ONE Group Hospitality
In related news, Director Jonathan Segal acquired 20,000 shares of ONE Group Hospitality stock in a transaction that occurred on Tuesday, November 8th. The stock was purchased at an average price of $5.33 per share, for a total transaction of $106,600.00. Following the completion of the purchase, the director now directly owns 4,206,303 shares of the company’s stock, valued at $22,419,594.99. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 19.30% of the company’s stock.
ONE Group Hospitality Company Profile
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The ONE Group Hospitality, Inc, a hospitality company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.
See Also
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