Bank of New York Mellon Corp Increases Stock Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Bank of New York Mellon Corp increased its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 14.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 286,855 shares of the company’s stock after acquiring an additional 37,133 shares during the period. Bank of New York Mellon Corp’s holdings in OneSpaWorld were worth $5,708,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OSW. Principal Financial Group Inc. increased its stake in shares of OneSpaWorld by 144.2% during the third quarter. Principal Financial Group Inc. now owns 33,137 shares of the company’s stock worth $547,000 after buying an additional 19,565 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of OneSpaWorld by 55.6% in the third quarter. Victory Capital Management Inc. now owns 92,005 shares of the company’s stock valued at $1,519,000 after acquiring an additional 32,888 shares during the period. Royce & Associates LP acquired a new stake in shares of OneSpaWorld during the third quarter worth $2,295,000. Moran Wealth Management LLC lifted its holdings in shares of OneSpaWorld by 34.8% during the third quarter. Moran Wealth Management LLC now owns 35,219 shares of the company’s stock worth $581,000 after purchasing an additional 9,096 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in OneSpaWorld in the third quarter valued at $285,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

OneSpaWorld Trading Up 3.4 %

OneSpaWorld stock opened at $16.96 on Monday. The stock has a market cap of $1.78 billion, a PE ratio of 24.23 and a beta of 2.11. The stock has a 50-day moving average price of $19.94 and a 200 day moving average price of $18.67. OneSpaWorld Holdings Limited has a 52 week low of $11.98 and a 52 week high of $23.01. 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 Announces Dividend

The business also recently disclosed 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. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Wednesday, March 12th. OneSpaWorld’s dividend payout ratio is currently 22.86%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their target price on OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Truist Financial raised their price target on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd.

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.