Channing Capital Management LLC Sells 63,623 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Channing Capital Management LLC decreased its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,834,515 shares of the company’s stock after selling 63,623 shares during the quarter. Channing Capital Management LLC owned 2.73% of OneSpaWorld worth $56,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in OneSpaWorld by 144.2% during the third quarter. Principal Financial Group Inc. now owns 33,137 shares of the company’s stock valued at $547,000 after purchasing an additional 19,565 shares during the period. Versor Investments LP bought a new position in shares of OneSpaWorld during the 3rd quarter valued at $449,000. Victory Capital Management Inc. boosted its stake in shares of OneSpaWorld by 55.6% in the 3rd quarter. Victory Capital Management Inc. now owns 92,005 shares of the company’s stock worth $1,519,000 after buying an additional 32,888 shares during the last quarter. One Wealth Management Investment & Advisory Services LLC grew its holdings in shares of OneSpaWorld by 8.2% in the third quarter. One Wealth Management Investment & Advisory Services LLC now owns 239,275 shares of the company’s stock worth $3,950,000 after acquiring an additional 18,233 shares during the period. Finally, Royce & Associates LP purchased a new stake in OneSpaWorld during the third quarter valued at $2,295,000. Institutional investors own 95.98% of the company’s stock.

Insider Activity at OneSpaWorld

In related news, Director Walter Field Mclallen sold 18,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $20.40, for a total value of $367,200.00. Following the completion of the transaction, the director now owns 170,917 shares of the company’s stock, valued at approximately $3,486,706.80. This represents a 9.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 5.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

OSW has been the topic of several research reports. Stifel Nicolaus raised their target price on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Truist Financial raised their price objective on shares of OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd.

OneSpaWorld Price Performance

NASDAQ OSW opened at $17.30 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84. The business’s fifty day moving average is $20.17 and its 200 day moving average is $18.63. The company has a market capitalization of $1.81 billion, a PE ratio of 24.71 and a beta of 2.11. OneSpaWorld Holdings Limited has a fifty-two week low of $11.98 and a fifty-two week high of $23.01.

OneSpaWorld Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors 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 0.92%. OneSpaWorld’s dividend payout ratio (DPR) is presently 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.