Lord Abbett & CO. LLC Raises Stock Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Lord Abbett & CO. LLC increased its position in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 665,501 shares of the company's stock after buying an additional 49,771 shares during the quarter. Lord Abbett & CO. LLC owned 0.64% of OneSpaWorld worth $13,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of OneSpaWorld during the fourth quarter worth about $54,789,000. Loomis Sayles & Co. L P bought a new stake in OneSpaWorld in the fourth quarter valued at $30,457,000. Arrowstreet Capital Limited Partnership increased its position in OneSpaWorld by 205.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,255,893 shares of the company's stock valued at $24,992,000 after buying an additional 845,117 shares in the last quarter. Neumeier Poma Investment Counsel LLC boosted its holdings in 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 acquiring an additional 461,902 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in OneSpaWorld by 877.9% during the 4th quarter. Teacher Retirement System of Texas now owns 452,578 shares of the company's stock valued at $9,006,000 after purchasing an additional 406,298 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on OSW shares. Stifel Nicolaus cut their price target on OneSpaWorld from $25.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. TD Securities lowered their price target on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Truist Financial cut their price objective on shares of OneSpaWorld from $22.00 to $19.00 and set a "buy" rating on the stock in a report on Tuesday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, OneSpaWorld presently has a consensus rating of "Buy" and a consensus target price of $19.60.

OneSpaWorld Stock Performance

OneSpaWorld stock traded up $0.43 during trading on Friday, hitting $18.28. The stock had a trading volume of 141,616 shares, compared to its average volume of 1,015,611. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18. The stock's 50 day moving average is $17.25 and its two-hundred day moving average is $18.79. OneSpaWorld Holdings Limited has a 1 year low of $14.21 and a 1 year high of $23.01. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 26.12 and a beta of 1.71.

OneSpaWorld Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, May 21st. OneSpaWorld's dividend payout ratio is currently 22.86%.

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.