Frigate Ventures Lp buys $4.2 Million stake in One Group Hospitality Inc (STKS)

One Group Hospitality Inc (STKS) : Frigate Ventures Lp scooped up 481,531 additional shares in One Group Hospitality Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,726,004 shares of One Group Hospitality Inc which is valued at $4.2 Million.One Group Hospitality Inc makes up approximately 2.72% of Frigate Ventures Lp’s portfolio.

Other Hedge Funds, Including , Jefferies Group reduced its stake in STKS by selling 4,102 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 833,258 shares of STKS which is valued at $2 Million. One Group Hospitality Inc makes up approx 0.08% of Jefferies Group’s portfolio.Blackrock Fund Advisors boosted its stake in STKS in the latest quarter, The investment management firm added 462 additional shares and now holds a total of 2,582 shares of One Group Hospitality Inc which is valued at $6,248.

One Group Hospitality Inc closed down -0.02 points or -0.83% at $2.38 with 4,327 shares getting traded on Wednesday. Post opening the session at $2.42, the shares hit an intraday low of $2.38 and an intraday high of $2.42 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

The ONE Group Hospitality Inc. formerly Committed Capital Acquisition Corporation is a hospitality company. The Company develops and operates restaurants and lounges and provides food and beverage services for hospitality venues including hotels casinos and other locations in the United States and England. The Company also operates a food and beverage program for hotels and resorts. The Company’s primary restaurant brand is STK which is a steakhouse concept with locations in metropolitan cities throughout the United States and in London. The Company’s food and beverage hospitality management services include developing managing and operating restaurants bars rooftops pools banqueting and catering facilities private dining rooms room service and mini bars to hotels and casinos. The Company owns and operates around eight and managed eight restaurants and lounges including seven STKs throughout the United States and one in England.

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