Teacher Retirement System of Texas reduced its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW – Free Report) by 80.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,426 shares of the company’s stock after selling 266,666 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of OneSpaWorld worth $1,334,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of OSW. Amalgamated Bank raised its stake in shares of OneSpaWorld by 22.2% in the first quarter. Amalgamated Bank now owns 3,479 shares of the company’s stock valued at $58,000 after acquiring an additional 631 shares in the last quarter. Virtus Advisers LLC acquired a new stake in shares of OneSpaWorld in the first quarter valued at $67,000. Smartleaf Asset Management LLC raised its stake in shares of OneSpaWorld by 27.9% in the first quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company’s stock valued at $109,000 after acquiring an additional 1,443 shares in the last quarter. MQS Management LLC acquired a new stake in shares of OneSpaWorld in the first quarter valued at $185,000. Finally, Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of OneSpaWorld by 7.3% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,945 shares of the company’s stock valued at $201,000 after acquiring an additional 815 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.
OneSpaWorld Stock Performance
Shares of OSW stock opened at $22.24 on Thursday. The stock’s 50-day moving average is $21.60 and its two-hundred day moving average is $20.67. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 31.32 and a beta of 1.29. OneSpaWorld Holdings Limited has a 1 year low of $14.21 and a 1 year high of $23.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.19 and a current ratio of 1.84.
OneSpaWorld Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This is a positive change from OneSpaWorld’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. OneSpaWorld’s dividend payout ratio is 22.54%.
Analysts Set New Price Targets
OSW has been the topic of several analyst reports. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneSpaWorld in a report on Friday, October 31st. Northcoast Research set a $28.00 target price on OneSpaWorld and gave the company a “buy” rating in a report on Tuesday, October 7th. William Blair reissued an “outperform” rating on shares of OneSpaWorld in a report on Wednesday, July 23rd. Finally, Cowen reissued a “buy” rating on shares of OneSpaWorld in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $24.60.
Check Out Our Latest Stock Analysis on OSW
Insider Transactions at OneSpaWorld
In related news, Director Glenn Fusfield sold 23,116 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $21.57, for a total value of $498,612.12. Following the transaction, the director owned 151,799 shares in the company, valued at $3,274,304.43. The trade was a 13.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Andrew R. Heyer sold 31,289 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $21.59, for a total value of $675,529.51. Following the sale, the director directly owned 332,145 shares of the company’s stock, valued at approximately $7,171,010.55. This represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 235,763 shares of company stock worth $5,202,595. Corporate insiders own 3.90% 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.
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