Lord Abbett & CO. LLC lifted its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 53.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 615,730 shares of the company's stock after purchasing an additional 214,557 shares during the period. Lord Abbett & CO. LLC owned about 0.59% of OneSpaWorld worth $10,166,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its position in shares of OneSpaWorld by 54.0% in the 3rd quarter. FMR LLC now owns 4,137,525 shares of the company's stock valued at $68,311,000 after purchasing an additional 1,451,283 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of OneSpaWorld in the third quarter valued at approximately $9,267,000. Divisadero Street Capital Management LP purchased a new position in shares of OneSpaWorld during the second quarter worth approximately $7,685,000. Wellington Management Group LLP raised its position in OneSpaWorld by 21.4% in the 3rd 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 during the last quarter. Finally, Algert Global LLC grew its position in OneSpaWorld by 1,072.8% during the 3rd quarter. Algert Global LLC now owns 293,325 shares of the company's stock worth $4,843,000 after purchasing an additional 268,315 shares during the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, 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 transaction of $1,401,000.00. Following the completion of the transaction, the director now owns 545,432 shares of the company's stock, valued at $10,188,669.76. The trade was a 12.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Stephen Lazarus sold 8,271 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $16.75, for a total transaction of $138,539.25. Following the completion of the sale, the chief financial officer now directly owns 726,920 shares in the company, valued at approximately $12,175,910. The trade was a 1.13 % 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 worth $6,012,016. 5.00% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Separately, Truist Financial lifted their target price on OneSpaWorld from $17.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd.
Read Our Latest Research Report on OSW
OneSpaWorld Stock Performance
Shares of NASDAQ:OSW traded up $0.10 during midday trading on Tuesday, hitting $20.36. The stock had a trading volume of 543,177 shares, compared to its average volume of 545,213. The company has a market capitalization of $2.12 billion, a PE ratio of 41.55 and a beta of 2.13. OneSpaWorld Holdings Limited has a 1 year low of $11.98 and a 1 year high of $20.57. The stock has a 50 day moving average price of $18.57 and a two-hundred day moving average price of $16.74. The company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18.
OneSpaWorld Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, November 20th. OneSpaWorld's dividend payout ratio is presently 32.65%.
OneSpaWorld Company Profile
(
Free Report)
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.
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