DAVENPORT & Co LLC Sells 626,028 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

DAVENPORT & Co LLC lowered its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,534,043 shares of the company's stock after selling 626,028 shares during the quarter. DAVENPORT & Co LLC owned about 2.44% of OneSpaWorld worth $50,427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV acquired a new stake in OneSpaWorld during the 4th quarter worth about $121,000. Fenimore Asset Management Inc lifted its stake in OneSpaWorld by 1.9% during the fourth quarter. Fenimore Asset Management Inc now owns 927,332 shares of the company's stock valued at $18,454,000 after buying an additional 17,288 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in OneSpaWorld during the fourth quarter valued at about $247,000. Sheets Smith Wealth Management lifted its stake in OneSpaWorld by 3.3% during the fourth quarter. Sheets Smith Wealth Management now owns 32,952 shares of the company's stock valued at $656,000 after buying an additional 1,050 shares in the last quarter. Finally, Yarbrough Capital LLC purchased a new stake in OneSpaWorld during the fourth quarter valued at about $369,000. 95.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on OSW shares. Truist Financial upped their price objective on shares of OneSpaWorld from $17.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Stifel Nicolaus increased 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.

Insider Transactions at OneSpaWorld

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

OneSpaWorld Stock Performance

Shares of OneSpaWorld stock traded up $0.28 during midday trading on Wednesday, hitting $21.64. The company had a trading volume of 194,788 shares, compared to its average volume of 516,127. The business's 50 day simple moving average is $19.89 and its two-hundred day simple moving average is $17.84. The stock has a market cap of $2.25 billion, a PE ratio of 44.08 and a beta of 2.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. OneSpaWorld Holdings Limited has a 1-year low of $11.98 and a 1-year high of $22.29.

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.