New South Capital Management Inc. Sells 215,990 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

New South Capital Management Inc. lessened its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 8.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,224,788 shares of the company's stock after selling 215,990 shares during the period. OneSpaWorld accounts for about 1.8% of New South Capital Management Inc.'s investment portfolio, making the stock its 21st biggest holding. New South Capital Management Inc. owned approximately 2.13% of OneSpaWorld worth $37,354,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of OSW. Raymond James Financial Inc. purchased a new position in shares of OneSpaWorld during the 4th quarter valued at about $54,789,000. Loomis Sayles & Co. L P bought a new stake in OneSpaWorld during the 4th quarter worth approximately $30,457,000. Arrowstreet Capital Limited Partnership lifted its holdings in OneSpaWorld by 205.7% during 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 boosted its position 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 worth $16,806,000 after purchasing an additional 797,562 shares during the period. Finally, Neumeier Poma Investment Counsel LLC increased its stake 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 worth $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 at OneSpaWorld

In related 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 sale, the director owned 156,728 shares in the company, valued at approximately $3,032,686.80. The trade was a 8.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on OSW shares. Cowen reaffirmed a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. TD Securities dropped their price objective on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus increased their target price on OneSpaWorld from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Truist Financial boosted their price target on OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, OneSpaWorld presently has a consensus rating of "Buy" and an average target price of $21.25.

OneSpaWorld Price Performance

Shares of OSW traded up $0.34 during midday trading on Wednesday, hitting $21.08. 504,175 shares of the company traded hands, compared to its average volume of 683,223. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41. The firm has a 50 day moving average of $18.95 and a 200-day moving average of $18.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.73. OneSpaWorld Holdings Limited has a 52 week low of $14.21 and a 52 week high of $23.01.

OneSpaWorld Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.76%. 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.