Franklin Resources Inc. Sells 798,270 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Franklin Resources Inc. trimmed its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,247,486 shares of the company's stock after selling 798,270 shares during the period. Franklin Resources Inc. owned approximately 3.12% of OneSpaWorld worth $64,625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in shares of OneSpaWorld by 16.8% in the 4th quarter. Wellington Management Group LLP now owns 2,092,683 shares of the company's stock worth $41,644,000 after acquiring an additional 301,651 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of OneSpaWorld by 205.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,255,893 shares of the company's stock worth $24,992,000 after buying an additional 845,117 shares during the period. Blair William & Co. IL lifted its stake in shares of OneSpaWorld by 838.3% in the 4th quarter. Blair William & Co. IL now owns 176,074 shares of the company's stock valued at $3,504,000 after acquiring an additional 157,309 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in OneSpaWorld during the 4th quarter valued at about $30,457,000. Finally, JPMorgan Chase & Co. boosted its holdings in OneSpaWorld by 33.6% during the 4th quarter. JPMorgan Chase & Co. now owns 756,969 shares of the company's stock valued at $15,064,000 after acquiring an additional 190,180 shares during the period. 95.98% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lowered their price objective on OneSpaWorld from $25.00 to $21.00 and set a "buy" rating for the company in a research report on Tuesday.

OneSpaWorld Trading Up 2.4 %

Shares of OSW stock traded up $0.37 during mid-day trading on Tuesday, reaching $15.61. The stock had a trading volume of 386,551 shares, compared to its average volume of 655,057. The company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. The stock's 50-day moving average price is $19.15 and its two-hundred day moving average price is $18.81. The firm has a market capitalization of $1.63 billion, a PE ratio of 22.31 and a beta of 1.71. OneSpaWorld Holdings Limited has a 52-week low of $11.98 and a 52-week high of $23.01.

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, March 12th. OneSpaWorld's payout ratio is 22.86%.

About OneSpaWorld

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.