Envestnet Asset Management Inc. Boosts Stake in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Key Points

• Envestnet Asset Management Inc. increased its stake in OneSpaWorld Holdings Limited by 11.8%, acquiring an additional 17,424 shares during the first quarter, bringing its ownership to 0.16% of the company.
• Analyst ratings for OneSpaWorld are predominantly positive, with six analysts recommending a buy and an average price target of $21.25.
• The company recently announced a quarterly dividend of $0.04 per share, reflecting a dividend yield of 0.72%, with a payout ratio of 25%.

Envestnet Asset Management Inc. lifted its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 11.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,564 shares of the company's stock after buying an additional 17,424 shares during the quarter. Envestnet Asset Management Inc. owned 0.16% of OneSpaWorld worth $2,763,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Amalgamated Bank boosted its position in OneSpaWorld by 22.2% during the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock worth $58,000 after purchasing an additional 631 shares in the last quarter. Bessemer Group Inc. boosted its position in OneSpaWorld by 41,840.0% during the first quarter. Bessemer Group Inc. now owns 16,776 shares of the company's stock worth $282,000 after purchasing an additional 16,736 shares in the last quarter. Deutsche Bank AG boosted its position in OneSpaWorld by 48.3% during the fourth quarter. Deutsche Bank AG now owns 88,588 shares of the company's stock worth $1,763,000 after purchasing an additional 28,857 shares in the last quarter. Bank of America Corp DE boosted its position in OneSpaWorld by 4.0% during the fourth quarter. Bank of America Corp DE now owns 473,223 shares of the company's stock worth $9,417,000 after purchasing an additional 18,207 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in OneSpaWorld by 838.3% during the fourth quarter. Blair William & Co. IL now owns 176,074 shares of the company's stock worth $3,504,000 after purchasing an additional 157,309 shares in the last quarter. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OSW has been the topic of a number of research analyst reports. William Blair reiterated an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Truist Financial boosted their target price on OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Stifel Nicolaus boosted their price target on OneSpaWorld from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Cowen reissued a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. Finally, TD Securities cut their price target on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $21.25.

Insider Buying and Selling at OneSpaWorld

In related news, Director Walter Field Mclallen sold 14,189 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $19.35, for a total value of $274,557.15. Following the completion of the transaction, the director directly owned 156,728 shares in the company, valued at approximately $3,032,686.80. This represents a 8.30% decrease 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. 5.00% of the stock is currently owned by company insiders.

OneSpaWorld Price Performance

Shares of NASDAQ OSW traded down $0.07 during trading on Thursday, reaching $22.16. The company had a trading volume of 93,700 shares, compared to its average volume of 804,547. OneSpaWorld Holdings Limited has a twelve month low of $14.21 and a twelve month high of $23.17. The stock has a market capitalization of $2.28 billion, a PE ratio of 34.60 and a beta of 1.41. The stock has a 50-day moving average price of $20.32 and a two-hundred day moving average price of $19.26. The company has a current ratio of 1.73, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.

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.