New South Capital Management Inc. Decreases Stock Holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW)

New South Capital Management Inc. decreased its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 5.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,440,778 shares of the company’s stock after selling 150,925 shares during the period. OneSpaWorld accounts for about 2.0% of New South Capital Management Inc.’s portfolio, making the stock its 18th largest position. New South Capital Management Inc.’s holdings in OneSpaWorld were worth $48,571,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of OneSpaWorld by 24.9% in the fourth quarter. Victory Capital Management Inc. now owns 114,940 shares of the company’s stock valued at $2,287,000 after acquiring an additional 22,935 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of OneSpaWorld by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 856,566 shares of the company’s stock valued at $17,046,000 after acquiring an additional 3,620 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of OneSpaWorld by 2,395.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,165 shares of the company’s stock valued at $103,000 after acquiring an additional 4,958 shares during the period. Bank of New York Mellon Corp raised its stake in shares of OneSpaWorld by 14.9% in the fourth quarter. Bank of New York Mellon Corp now owns 286,855 shares of the company’s stock valued at $5,708,000 after acquiring an additional 37,133 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of OneSpaWorld in the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 95.98% of the company’s stock.

OneSpaWorld Trading Up 1.4 %

NASDAQ OSW opened at $18.95 on Thursday. The company’s 50-day moving average price is $20.29 and its 200-day moving average price is $18.55. The company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.98 billion, a PE ratio of 27.07 and a beta of 2.11. OneSpaWorld Holdings Limited has a 12 month low of $11.98 and a 12 month high of $23.01.

OneSpaWorld Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, March 12th. OneSpaWorld’s payout ratio is presently 22.86%.

Insider Transactions at OneSpaWorld

In other OneSpaWorld news, Director Walter Field Mclallen sold 18,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $20.40, for a total transaction of $367,200.00. Following the transaction, the director now directly owns 170,917 shares in the company, valued at $3,486,706.80. This represents a 9.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on OSW shares. Stifel Nicolaus increased their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Truist Financial upped their price target on shares of OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd.

OneSpaWorld Profile

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.