Two Sigma Investments LP Sells 82,750 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Two Sigma Investments LP cut its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 68.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,833 shares of the company's stock after selling 82,750 shares during the quarter. Two Sigma Investments LP's holdings in OneSpaWorld were worth $753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in OSW. Victory Capital Management Inc. lifted its position in shares of OneSpaWorld by 24.9% in the 4th quarter. Victory Capital Management Inc. now owns 114,940 shares of the company's stock worth $2,287,000 after purchasing an additional 22,935 shares during the period. Deutsche Bank AG increased its stake in OneSpaWorld by 48.3% during the 4th quarter. Deutsche Bank AG now owns 88,588 shares of the company's stock valued at $1,763,000 after purchasing an additional 28,857 shares in the last quarter. Bank of America Corp DE increased its stake in OneSpaWorld by 4.0% during the 4th quarter. Bank of America Corp DE now owns 473,223 shares of the company's stock valued at $9,417,000 after purchasing an additional 18,207 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of OneSpaWorld by 6.1% in the 4th quarter. William Blair Investment Management LLC now owns 1,802,099 shares of the company's stock worth $35,862,000 after acquiring an additional 103,799 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in shares of OneSpaWorld by 838.3% in the 4th quarter. Blair William & Co. IL now owns 176,074 shares of the company's stock worth $3,504,000 after acquiring an additional 157,309 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

OneSpaWorld Stock Up 2.3%

Shares of NASDAQ OSW opened at $19.49 on Friday. OneSpaWorld Holdings Limited has a one year low of $14.21 and a one year high of $23.01. 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 firm's 50 day simple moving average is $17.86 and its two-hundred day simple moving average is $18.96. The stock has a market capitalization of $2.04 billion, a P/E ratio of 27.84 and a beta of 1.39.

OneSpaWorld Announces Dividend

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

Insider Buying and Selling at OneSpaWorld

In other news, Director Walter Field Mclallen sold 14,189 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 156,728 shares in the company, valued at approximately $3,032,686.80. This trade represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. TD Securities reduced their price target on shares of OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Cowen reaffirmed a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. Truist Financial lowered their price target on shares of OneSpaWorld from $22.00 to $19.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Stifel Nicolaus upped their price objective on shares of OneSpaWorld from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $20.75.

OneSpaWorld Company 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.

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