JPMorgan Chase & Co. Sells 178,311 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

JPMorgan Chase & Co. lowered its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 23.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 566,789 shares of the company's stock after selling 178,311 shares during the period. JPMorgan Chase & Co. owned about 0.55% of OneSpaWorld worth $9,358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP grew its stake in shares of OneSpaWorld by 178.9% during the second quarter. Quarry LP now owns 4,306 shares of the company's stock valued at $66,000 after buying an additional 2,762 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in OneSpaWorld during the 3rd quarter valued at about $81,000. Glenmede Trust Co. NA bought a new position in OneSpaWorld during the 3rd quarter worth approximately $210,000. Morse Asset Management Inc purchased a new position in OneSpaWorld in the 2nd quarter worth approximately $200,000. Finally, Principal Financial Group Inc. lifted its position in OneSpaWorld by 20.9% in the second quarter. Principal Financial Group Inc. now owns 13,572 shares of the company's stock valued at $209,000 after purchasing an additional 2,350 shares during the last quarter. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial boosted their price target on OneSpaWorld from $17.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd.

OneSpaWorld Stock Down 0.4 %

Shares of OneSpaWorld stock traded down $0.08 on Tuesday, reaching $18.73. The company's stock had a trading volume of 116,102 shares, compared to its average volume of 368,345. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 38.22 and a beta of 2.10. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18. OneSpaWorld Holdings Limited has a 52 week low of $11.98 and a 52 week high of $20.57. The firm's fifty day simple moving average is $19.43 and its two-hundred day simple moving average is $17.32.

OneSpaWorld Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Wednesday, November 20th. OneSpaWorld's dividend payout ratio is currently 32.65%.

Insiders Place Their Bets

In related news, Director Walter Field Mclallen sold 18,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $20.40, for a total value of $367,200.00. Following the transaction, the director now owns 170,917 shares of the company's stock, valued at approximately $3,486,706.80. This trade represents a 9.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrew R. Heyer sold 75,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the completion of the transaction, the director now owns 545,432 shares in the company, valued at $10,188,669.76. The trade was a 12.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,906 shares of company stock valued at $2,988,120. Company insiders own 5.00% of the company's stock.

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.