Madison Asset Management LLC Sells 78,312 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Madison Asset Management LLC lowered its position in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 22.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 273,985 shares of the company's stock after selling 78,312 shares during the period. Madison Asset Management LLC owned 0.26% of OneSpaWorld worth $4,600,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of OneSpaWorld by 2,326.2% in the first quarter. Victory Capital Management Inc. now owns 2,788,705 shares of the company's stock valued at $46,822,000 after purchasing an additional 2,673,765 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of OneSpaWorld in the fourth quarter valued at approximately $30,457,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of OneSpaWorld by 205.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,255,893 shares of the company's stock valued at $24,992,000 after purchasing an additional 845,117 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of OneSpaWorld by 1,699.9% in the fourth quarter. Royal Bank of Canada now owns 844,479 shares of the company's stock valued at $16,806,000 after purchasing an additional 797,562 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC increased its holdings in shares of OneSpaWorld by 118.7% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 851,122 shares of the company's stock valued at $16,937,000 after purchasing an additional 461,902 shares in the last quarter. Institutional investors own 95.98% of the company's stock.

Insider Activity

In other news, Director Walter Field Mclallen sold 14,189 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $19.35, for a total value of $274,557.15. Following the completion of the transaction, the director owned 156,728 shares of the company's stock, valued at $3,032,686.80. The trade was a 8.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

OneSpaWorld Trading Up 0.4%

OSW traded up $0.09 during trading on Friday, reaching $22.21. 561,185 shares of the company's stock were exchanged, compared to its average volume of 445,929. OneSpaWorld Holdings Limited has a fifty-two week low of $14.21 and a fifty-two week high of $23.01. The firm has a market capitalization of $2.28 billion, a PE ratio of 34.70 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.73. The company's fifty day moving average price is $20.12 and its 200-day moving average price is $19.19.

OneSpaWorld Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Wednesday, May 21st. OneSpaWorld's dividend payout ratio (DPR) is 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.