Kornitzer Capital Management Inc. KS Reduces Stake in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Kornitzer Capital Management Inc. KS reduced its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 37.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,300 shares of the company's stock after selling 45,000 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.07% of OneSpaWorld worth $1,243,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its stake in shares of OneSpaWorld by 144.2% during the 3rd quarter. Principal Financial Group Inc. now owns 33,137 shares of the company's stock valued at $547,000 after purchasing an additional 19,565 shares in the last quarter. Emerald Advisers LLC lifted its holdings in OneSpaWorld by 3.7% in the third quarter. Emerald Advisers LLC now owns 65,498 shares of the company's stock worth $1,081,000 after buying an additional 2,310 shares during the period. Pinnacle Associates Ltd. boosted its position in OneSpaWorld by 3.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,374,959 shares of the company's stock valued at $39,211,000 after acquiring an additional 82,618 shares in the last quarter. Semanteon Capital Management LP grew its holdings in shares of OneSpaWorld by 66.9% during the 3rd quarter. Semanteon Capital Management LP now owns 65,080 shares of the company's stock worth $1,074,000 after acquiring an additional 26,084 shares during the period. Finally, Creative Planning raised its position in shares of OneSpaWorld by 5.8% in the 3rd quarter. Creative Planning now owns 74,409 shares of the company's stock worth $1,228,000 after acquiring an additional 4,071 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

OneSpaWorld Price Performance

NASDAQ:OSW remained flat at $19.01 during mid-day trading on Friday. 548,762 shares of the company traded hands, compared to its average volume of 482,960. OneSpaWorld Holdings Limited has a 1-year low of $10.93 and a 1-year high of $19.20. The company has a 50 day moving average price of $16.79 and a two-hundred day moving average price of $15.78. The stock has a market cap of $1.98 billion, a P/E ratio of 38.80 and a beta of 2.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.84.

OneSpaWorld Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a $0.04 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.84%. OneSpaWorld's payout ratio is currently 32.65%.

Analyst Ratings Changes

Separately, TD Cowen lifted their price target on OneSpaWorld from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, August 1st.

Insider Activity at OneSpaWorld

In other OneSpaWorld news, Director Andrew R. Heyer sold 75,000 shares of the business's 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 sale, the director now directly owns 545,432 shares of the company's stock, valued at approximately $10,188,669.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Stephen Lazarus sold 170,339 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $16.91, for a total transaction of $2,880,432.49. Following the sale, the chief financial officer now owns 556,581 shares in the company, valued at $9,411,784.71. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew R. Heyer sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total value of $1,401,000.00. Following the completion of the transaction, the director now directly owns 545,432 shares in the company, valued at $10,188,669.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 319,810 shares of company stock valued at $5,644,816 in the last 90 days. Corporate 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.