Ariel Investments LLC Lowers Stock Holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Ariel Investments LLC lessened its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,781,021 shares of the company's stock after selling 1,685,348 shares during the quarter. OneSpaWorld makes up approximately 1.7% of Ariel Investments LLC's investment portfolio, making the stock its 28th largest position. Ariel Investments LLC owned approximately 7.48% of OneSpaWorld worth $154,842,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of OneSpaWorld by 11.7% during the 4th quarter. Northern Trust Corp now owns 974,192 shares of the company's stock valued at $19,386,000 after acquiring an additional 102,342 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in shares of OneSpaWorld by 881.2% in the 4th quarter. Tudor Investment Corp ET AL now owns 189,695 shares of the company's stock valued at $3,775,000 after purchasing an additional 170,363 shares during the period. Aquatic Capital Management LLC bought a new position in shares of OneSpaWorld during the 4th quarter worth approximately $81,000. Nebula Research & Development LLC boosted its stake in OneSpaWorld by 27.3% during the fourth quarter. Nebula Research & Development LLC now owns 65,346 shares of the company's stock worth $1,300,000 after acquiring an additional 14,018 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in shares of OneSpaWorld by 8.1% during the 4th quarter. Lord Abbett & CO. LLC now owns 665,501 shares of the company's stock worth $13,243,000 after purchasing an additional 49,771 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on OSW. Truist Financial cut their target price on OneSpaWorld from $22.00 to $19.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. TD Securities decreased their target price on shares of OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Cowen reiterated a "buy" rating on shares of OneSpaWorld in a research note on Thursday, May 1st. Finally, Stifel Nicolaus lowered their price objective on OneSpaWorld from $25.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $19.60.

OneSpaWorld Stock Performance

OSW traded down $0.05 during midday trading on Tuesday, hitting $18.28. 478,326 shares of the company traded hands, compared to its average volume of 696,551. The company's 50-day moving average is $17.22 and its 200 day moving average is $18.82. OneSpaWorld Holdings Limited has a 52 week low of $14.21 and a 52 week high of $23.01. The firm has a market capitalization of $1.91 billion, a PE ratio of 26.11 and a beta of 1.36. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18.

OneSpaWorld Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.88%. The ex-dividend date is Wednesday, May 21st. OneSpaWorld's dividend payout ratio is currently 25.00%.

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.