DAVENPORT & Co LLC Has $32.10 Million Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

DAVENPORT & Co LLC lowered its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 24.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,911,941 shares of the company's stock after selling 622,102 shares during the period. DAVENPORT & Co LLC owned 1.83% of OneSpaWorld worth $32,101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of OSW. Amalgamated Bank raised its stake in OneSpaWorld by 22.2% in the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock valued at $58,000 after purchasing an additional 631 shares in the last quarter. Diversified Trust Co acquired a new position in shares of OneSpaWorld in the 1st quarter valued at approximately $191,000. Bessemer Group Inc. lifted its holdings in shares of OneSpaWorld by 41,840.0% during the 1st quarter. Bessemer Group Inc. now owns 16,776 shares of the company's stock worth $282,000 after acquiring an additional 16,736 shares during the period. Harbour Capital Advisors LLC boosted its position in shares of OneSpaWorld by 24.9% during the 1st quarter. Harbour Capital Advisors LLC now owns 22,682 shares of the company's stock worth $358,000 after acquiring an additional 4,525 shares in the last quarter. Finally, Sheets Smith Wealth Management increased its stake in OneSpaWorld by 3.8% in the first quarter. Sheets Smith Wealth Management now owns 34,199 shares of the company's stock valued at $574,000 after acquiring an additional 1,247 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company's stock.

Analyst Upgrades and Downgrades

OSW has been the topic of a number of recent analyst reports. TD Securities decreased their target price on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Cowen restated a "buy" rating on shares of OneSpaWorld in a research note on Thursday, May 1st. Truist Financial upped their price objective on shares of OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Finally, Stifel Nicolaus raised their target price on shares of OneSpaWorld from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $21.25.

OneSpaWorld Trading Up 1.6%

Shares of OSW stock traded up $0.34 during trading hours on Wednesday, hitting $21.08. 504,175 shares of the company's stock traded hands, compared to its average volume of 683,223. The stock has a market cap of $2.16 billion, a PE ratio of 32.94 and a beta of 1.41. The stock's 50 day simple moving average is $18.95 and its 200 day simple moving average is $18.97. The company has a quick ratio of 1.06, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. OneSpaWorld Holdings Limited has a 12 month low of $14.21 and a 12 month high of $23.01.

OneSpaWorld Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, May 21st. OneSpaWorld's payout ratio is presently 25.00%.

Insider Activity at OneSpaWorld

In other news, Director Walter Field Mclallen sold 2,500 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $19.33, for a total transaction of $48,325.00. Following the completion of the transaction, the director directly owned 154,228 shares in the company, valued at $2,981,227.24. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.00% of the company's stock.

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.