CastleKnight Management LP Has $3.40 Million Stock Position in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

CastleKnight Management LP raised its position in The ONE Group Hospitality, Inc. (NASDAQ:STKS - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,172,074 shares of the restaurant operator's stock after buying an additional 100,300 shares during the period. CastleKnight Management LP owned approximately 3.80% of ONE Group Hospitality worth $3,399,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in ONE Group Hospitality by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 3,316 shares during the last quarter. XTX Topco Ltd acquired a new position in ONE Group Hospitality during the 4th quarter worth $35,000. Stoneridge Investment Partners LLC increased its position in shares of ONE Group Hospitality by 22.6% in the 4th quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator's stock worth $42,000 after purchasing an additional 2,684 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of ONE Group Hospitality by 53.8% during the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator's stock worth $58,000 after purchasing an additional 5,497 shares during the last quarter. Finally, Magnus Financial Group LLC acquired a new stake in ONE Group Hospitality during the fourth quarter valued at approximately $72,000. 29.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on STKS. StockNews.com upgraded shares of ONE Group Hospitality from a "sell" rating to a "hold" rating in a research note on Friday. Northcoast Research started coverage on shares of ONE Group Hospitality in a report on Friday, April 11th. They set a "buy" rating and a $5.00 price target for the company. Noble Financial upgraded ONE Group Hospitality to a "strong-buy" rating in a research report on Wednesday, April 23rd. Wedbush reiterated a "neutral" rating and issued a $3.50 target price on shares of ONE Group Hospitality in a research report on Tuesday, March 11th. Finally, Stephens dropped their price target on shares of ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ONE Group Hospitality presently has an average rating of "Moderate Buy" and an average price target of $4.50.

Insider Activity

In other news, CFO Tyler Loy bought 10,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $2.55 per share, with a total value of $25,500.00. Following the purchase, the chief financial officer now directly owns 220,246 shares in the company, valued at $561,627.30. This trade represents a 4.76 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 25.10% of the stock is currently owned by company insiders.

ONE Group Hospitality Price Performance

NASDAQ STKS traded up $0.26 on Friday, reaching $3.78. The company's stock had a trading volume of 168,745 shares, compared to its average volume of 98,547. The ONE Group Hospitality, Inc. has a twelve month low of $2.37 and a twelve month high of $6.10. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. The firm's 50 day moving average is $2.90 and its two-hundred day moving average is $3.13. The stock has a market cap of $117.28 million, a PE ratio of -4.73 and a beta of 1.97.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The restaurant operator reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.32. The firm had revenue of $211.13 million during the quarter, compared to analysts' expectations of $202.87 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. As a group, sell-side analysts predict that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.

About ONE Group Hospitality

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.