HighTower Advisors LLC Trims Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

HighTower Advisors LLC reduced its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,733 shares of the company's stock after selling 63,783 shares during the period. HighTower Advisors LLC owned 0.14% of OneSpaWorld worth $2,860,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in OSW. FMR LLC boosted its position in shares of OneSpaWorld by 54.0% during the third quarter. FMR LLC now owns 4,137,525 shares of the company's stock worth $68,311,000 after acquiring an additional 1,451,283 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of OneSpaWorld in the fourth quarter valued at $13,819,000. Public Employees Retirement System of Ohio bought a new stake in OneSpaWorld in the third quarter worth $9,267,000. Wellington Management Group LLP raised its stake in OneSpaWorld by 21.4% during the third quarter. Wellington Management Group LLP now owns 1,791,032 shares of the company's stock valued at $29,570,000 after purchasing an additional 316,207 shares in the last quarter. Finally, Algert Global LLC lifted its position in OneSpaWorld by 1,072.8% during the third quarter. Algert Global LLC now owns 293,325 shares of the company's stock valued at $4,843,000 after purchasing an additional 268,315 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OSW. Truist Financial boosted their target price on shares of OneSpaWorld from $17.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Stifel Nicolaus boosted their price objective on OneSpaWorld from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th.

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OneSpaWorld Trading Up 4.6 %

Shares of OSW traded up $0.80 during midday trading on Monday, hitting $18.30. The stock had a trading volume of 1,033,857 shares, compared to its average volume of 597,268. The stock's 50 day moving average is $19.76 and its 200 day moving average is $18.74. The firm has a market cap of $1.92 billion, a PE ratio of 26.14 and a beta of 2.11. 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 $23.01.

OneSpaWorld Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Wednesday, March 12th. OneSpaWorld's dividend payout ratio is currently 22.86%.

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.