GSA Capital Partners LLP Takes Position in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

GSA Capital Partners LLP purchased a new stake in The ONE Group Hospitality, Inc. (NASDAQ:STKS) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 14,574 shares of the restaurant operator’s stock, valued at approximately $54,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stoneridge Investment Partners LLC acquired a new position in ONE Group Hospitality during the 3rd quarter valued at about $44,000. Nantahala Capital Management LLC boosted its stake in ONE Group Hospitality by 119.6% in the second quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock valued at $5,111,000 after acquiring an additional 654,818 shares during the last quarter. Meros Investment Management LP grew its holdings in ONE Group Hospitality by 1.6% during the 2nd quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock worth $2,960,000 after acquiring an additional 10,954 shares during the period. American Century Companies Inc. raised its position in shares of ONE Group Hospitality by 60.0% during the 2nd quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock valued at $1,308,000 after acquiring an additional 115,394 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in shares of ONE Group Hospitality by 79.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock valued at $263,000 after purchasing an additional 27,354 shares during the period. 29.14% of the stock is currently owned by institutional investors and hedge funds.

ONE Group Hospitality Trading Up 2.9 %

NASDAQ STKS opened at $3.53 on Tuesday. The ONE Group Hospitality, Inc. has a one year low of $2.91 and a one year high of $6.45. The company has a debt-to-equity ratio of 6.73, a current ratio of 0.52 and a quick ratio of 0.44. The firm has a market cap of $108.90 million, a P/E ratio of -4.68 and a beta of 2.40. The stock’s 50-day moving average is $3.48 and its 200-day moving average is $4.13.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. The company had revenue of $193.98 million during the quarter, compared to analyst estimates of $217.95 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. Sell-side analysts anticipate that The ONE Group Hospitality, Inc. will post 0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

STKS has been the subject of a number of recent analyst reports. StockNews.com downgraded ONE Group Hospitality from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Stephens reissued an “overweight” rating and set a $9.00 price objective on shares of ONE Group Hospitality in a research note on Wednesday, August 7th. Finally, Wedbush decreased their price objective on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Monday, November 11th.

ONE Group Hospitality Profile

The ONE Group Hospitality, Inc, a restaurant 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.