SG Americas Securities LLC Sells 45,999 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

SG Americas Securities LLC reduced its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 55.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,555 shares of the company's stock after selling 45,999 shares during the quarter. SG Americas Securities LLC's holdings in OneSpaWorld were worth $631,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. lifted its holdings in OneSpaWorld by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,511 shares of the company's stock valued at $209,000 after purchasing an additional 668 shares in the last quarter. Signaturefd LLC increased its stake in shares of OneSpaWorld by 139.9% in the fourth quarter. Signaturefd LLC now owns 1,317 shares of the company's stock worth $26,000 after purchasing an additional 768 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of OneSpaWorld during the 4th quarter valued at $26,000. Swiss National Bank lifted its stake in shares of OneSpaWorld by 0.7% during the 4th quarter. Swiss National Bank now owns 195,700 shares of the company's stock valued at $3,894,000 after buying an additional 1,400 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of OneSpaWorld by 3.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 40,071 shares of the company's stock valued at $797,000 after buying an additional 1,509 shares in the last quarter. 95.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on OSW. Truist Financial raised their price target on OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a report on Monday, June 9th. Stifel Nicolaus lifted their target price on OneSpaWorld from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Cowen reissued a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. Finally, TD Securities dropped their price target on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, OneSpaWorld has an average rating of "Buy" and a consensus target price of $21.25.

OneSpaWorld Price Performance

OSW stock traded down $0.18 during mid-day trading on Wednesday, hitting $19.63. The company had a trading volume of 456,459 shares, compared to its average volume of 691,766. The company has a 50-day moving average price of $18.59 and a 200 day moving average price of $18.96. OneSpaWorld Holdings Limited has a 12-month low of $14.21 and a 12-month high of $23.01. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 30.67 and a beta of 1.39. 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 Dividend Announcement

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

Insider Buying and Selling

In related news, Director Walter Field Mclallen sold 2,500 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $19.33, for a total value of $48,325.00. Following the completion of the transaction, the director now directly owns 154,228 shares of the company's stock, valued at approximately $2,981,227.24. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.00% of the stock is owned by company insiders.

About OneSpaWorld

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.