New South Capital Management Inc. Sells 150,925 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

New South Capital Management Inc. trimmed its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,440,778 shares of the company’s stock after selling 150,925 shares during the quarter. OneSpaWorld makes up about 2.0% of New South Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. New South Capital Management Inc. owned approximately 2.35% of OneSpaWorld worth $48,571,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in OSW. FMR LLC grew its position in OneSpaWorld by 54.0% during the third quarter. FMR LLC now owns 4,137,525 shares of the company’s stock valued at $68,311,000 after buying an additional 1,451,283 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of OneSpaWorld in the third quarter worth approximately $9,267,000. Wellington Management Group LLP boosted its position in shares of OneSpaWorld by 21.4% in the third quarter. Wellington Management Group LLP now owns 1,791,032 shares of the company’s stock worth $29,570,000 after purchasing an additional 316,207 shares during the period. Algert Global LLC boosted its position in shares of OneSpaWorld by 1,072.8% in the third quarter. Algert Global LLC now owns 293,325 shares of the company’s stock worth $4,843,000 after purchasing an additional 268,315 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in shares of OneSpaWorld by 53.5% in the third quarter. Lord Abbett & CO. LLC now owns 615,730 shares of the company’s stock worth $10,166,000 after purchasing an additional 214,557 shares during the period. 95.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on OSW shares. Stifel Nicolaus upped their price target on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Truist Financial upped their price target on shares of OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd.

OneSpaWorld Price Performance

OSW stock opened at $18.95 on Thursday. OneSpaWorld Holdings Limited has a one year low of $11.98 and a one year high of $23.01. The company’s fifty day moving average price is $20.29 and its 200-day moving average price is $18.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84. The company has a market capitalization of $1.98 billion, a PE ratio of 27.07 and a beta of 2.11.

OneSpaWorld Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, March 12th. OneSpaWorld’s dividend payout ratio (DPR) is presently 22.86%.

Insider Transactions at OneSpaWorld

In related news, Director Walter Field Mclallen sold 18,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $20.40, for a total transaction of $367,200.00. Following the sale, the director now owns 170,917 shares of the company’s stock, valued at $3,486,706.80. This represents a 9.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.00% of the company’s stock.

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.