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Mackenzie Financial Corp Makes New Investment in OneSpaWorld Holdings Limited (NASDAQ:OSW)

OneSpaWorld logo with Consumer Discretionary background

Mackenzie Financial Corp bought a new stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 28,569 shares of the company's stock, valued at approximately $569,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in OneSpaWorld during the 4th quarter valued at $54,789,000. Vanguard Group Inc. raised its stake in OneSpaWorld by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 2,728,953 shares of the company's stock valued at $54,306,000 after acquiring an additional 135,923 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in OneSpaWorld by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,612,894 shares of the company's stock valued at $51,997,000 after acquiring an additional 120,979 shares in the last quarter. Capital International Investors raised its stake in OneSpaWorld by 17.7% during the 4th quarter. Capital International Investors now owns 2,531,129 shares of the company's stock valued at $50,369,000 after acquiring an additional 380,611 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in OneSpaWorld by 16.8% during the 4th quarter. Wellington Management Group LLP now owns 2,092,683 shares of the company's stock valued at $41,644,000 after acquiring an additional 301,651 shares in the last quarter. Institutional investors own 95.98% of the company's stock.

Wall Street Analysts Forecast Growth

OSW has been the topic of a number of research reports. Truist Financial dropped their price objective on OneSpaWorld from $22.00 to $19.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus boosted their price objective on OneSpaWorld from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Cowen reissued a "buy" rating on shares of OneSpaWorld in a research note on Thursday, May 1st. Finally, TD Securities dropped their price objective on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $20.75.

Read Our Latest Research Report on OSW

Insider Buying and Selling

In related news, Director Walter Field Mclallen sold 14,189 shares of OneSpaWorld 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 transaction, the director now directly owns 156,728 shares in the company, valued at $3,032,686.80. The trade was a 8.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.00% of the company's stock.

OneSpaWorld Price Performance

Shares of OSW traded up $0.44 during midday trading on Friday, reaching $19.49. The stock had a trading volume of 786,058 shares, compared to its average volume of 700,890. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. The company has a market capitalization of $2.04 billion, a P/E ratio of 27.84 and a beta of 1.39. The firm's 50 day moving average price is $17.86 and its 200-day moving average price is $18.96. OneSpaWorld Holdings Limited has a 52 week low of $14.21 and a 52 week high of $23.01.

OneSpaWorld Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, May 21st. OneSpaWorld's payout ratio is 25.00%.

OneSpaWorld Profile

(Free Report)

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.

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Institutional Ownership by Quarter for OneSpaWorld (NASDAQ:OSW)

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