Russell Investments Group Ltd. Cuts Stake in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Russell Investments Group Ltd. reduced its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 594,222 shares of the company's stock after selling 89,641 shares during the quarter. Russell Investments Group Ltd. owned 0.57% of OneSpaWorld worth $11,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of OneSpaWorld by 139.9% during the fourth quarter. Signaturefd LLC now owns 1,317 shares of the company's stock valued at $26,000 after acquiring an additional 768 shares during the last quarter. Sheets Smith Wealth Management raised its position in OneSpaWorld by 3.3% during the 4th quarter. Sheets Smith Wealth Management now owns 32,952 shares of the company's stock valued at $656,000 after purchasing an additional 1,050 shares during the last quarter. Morse Asset Management Inc lifted its holdings in OneSpaWorld by 8.1% in the 3rd quarter. Morse Asset Management Inc now owns 14,050 shares of the company's stock worth $232,000 after buying an additional 1,050 shares during the period. Global Retirement Partners LLC bought a new stake in shares of OneSpaWorld in the 4th quarter worth approximately $26,000. Finally, Swiss National Bank increased its stake in shares of OneSpaWorld by 0.7% during the fourth quarter. Swiss National Bank now owns 195,700 shares of the company's stock valued at $3,894,000 after buying an additional 1,400 shares during the period. Institutional investors own 95.98% of the company's stock.

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Analysts Set New Price Targets

Separately, Stifel Nicolaus dropped their price target on OneSpaWorld from $25.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th.

OneSpaWorld Stock Down 1.6 %

Shares of OSW stock traded down $0.27 during midday trading on Tuesday, reaching $16.94. 309,931 shares of the stock were exchanged, compared to its average volume of 681,779. OneSpaWorld Holdings Limited has a 1 year low of $11.98 and a 1 year high of $23.01. The firm has a market cap of $1.77 billion, a PE ratio of 24.20 and a beta of 1.71. The company's 50 day moving average is $18.46 and its two-hundred day moving average is $18.79. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were issued a $0.04 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a yield of 0.94%. OneSpaWorld's dividend payout ratio (DPR) is 22.86%.

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.