OneSpaWorld Holdings Limited (NASDAQ:OSW) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 9.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,045,756 shares of the company's stock after selling 433,505 shares during the quarter. Franklin Resources Inc. owned about 3.89% of OneSpaWorld worth $68,373,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Morse Asset Management Inc grew its holdings in shares of OneSpaWorld by 8.1% during the third quarter. Morse Asset Management Inc now owns 14,050 shares of the company's stock worth $232,000 after buying an additional 1,050 shares during the last quarter. Zacks Investment Management grew its stake in shares of OneSpaWorld by 13.3% in the 3rd quarter. Zacks Investment Management now owns 16,052 shares of the company's stock valued at $265,000 after purchasing an additional 1,881 shares during the last quarter. Emerald Advisers LLC increased its holdings in shares of OneSpaWorld by 3.7% in the third quarter. Emerald Advisers LLC now owns 65,498 shares of the company's stock valued at $1,081,000 after purchasing an additional 2,310 shares during the period. Principal Financial Group Inc. raised its stake in shares of OneSpaWorld by 20.9% during the second quarter. Principal Financial Group Inc. now owns 13,572 shares of the company's stock worth $209,000 after purchasing an additional 2,350 shares during the last quarter. Finally, Kings Path Partners LLC lifted its holdings in shares of OneSpaWorld by 3.2% during the third quarter. Kings Path Partners LLC now owns 77,145 shares of the company's stock worth $1,274,000 after purchasing an additional 2,380 shares during the period. Institutional investors and hedge funds own 95.98% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial boosted 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.

Insider Buying and Selling at OneSpaWorld

In related news, Director Walter Field Mclallen sold 18,000 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 170,917 shares in the company, valued at $3,486,706.80. This represents a 9.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew R. Heyer sold 75,000 shares of OneSpaWorld stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $18.68, for a total value of $1,401,000.00. Following the transaction, the director now directly owns 545,432 shares of the company's stock, valued at approximately $10,188,669.76. This represents a 12.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 337,810 shares of company stock valued at $6,012,016. 5.00% of the stock is owned by company insiders.

OneSpaWorld Stock Performance

OSW traded up $0.10 during trading on Tuesday, reaching $20.36. The company's stock had a trading volume of 543,177 shares, compared to its average volume of 545,213. 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's fifty day moving average price is $18.50 and its 200-day moving average price is $16.70. OneSpaWorld Holdings Limited has a 52-week low of $11.98 and a 52-week high of $20.57. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 41.35 and a beta of 2.13.

OneSpaWorld Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, November 20th. OneSpaWorld's payout ratio is 32.65%.

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.