New South Capital Management Inc. Sells 150,925 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

New South Capital Management Inc. lessened its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,440,778 shares of the company's stock after selling 150,925 shares during the quarter. OneSpaWorld comprises 2.0% of New South Capital Management Inc.'s portfolio, making the stock its 18th biggest holding. New South Capital Management Inc. owned 2.35% of OneSpaWorld worth $48,571,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in OSW. Victory Capital Management Inc. lifted its stake in OneSpaWorld by 24.9% in the 4th quarter. Victory Capital Management Inc. now owns 114,940 shares of the company's stock worth $2,287,000 after purchasing an additional 22,935 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of OneSpaWorld by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 856,566 shares of the company's stock worth $17,046,000 after purchasing an additional 3,620 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in OneSpaWorld by 2,395.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,165 shares of the company's stock valued at $103,000 after buying an additional 4,958 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in OneSpaWorld by 14.9% during the 4th quarter. Bank of New York Mellon Corp now owns 286,855 shares of the company's stock valued at $5,708,000 after buying an additional 37,133 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in OneSpaWorld in the 4th quarter worth approximately $26,000. 95.98% of the stock is owned by hedge funds and other institutional investors.

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OneSpaWorld Trading Down 1.7 %

Shares of NASDAQ OSW traded down $0.32 during trading hours on Friday, hitting $18.09. 1,035,283 shares of the company traded hands, compared to its average volume of 795,581. The company's 50 day moving average price is $20.22 and its 200 day moving average price is $18.59. OneSpaWorld Holdings Limited has a 12 month low of $11.98 and a 12 month high of $23.01. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 25.84 and a beta of 2.11. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.88%. OneSpaWorld's dividend payout ratio is 22.86%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Walter Field Mclallen sold 18,000 shares of the firm's stock in a transaction dated 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 $3,486,706.80. This trade represents a 9.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.00% of the stock is owned by corporate insiders.

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.