Pinnacle Associates Ltd. Has $35.23 Million Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Pinnacle Associates Ltd. cut its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,292,341 shares of the company’s stock after selling 84,877 shares during the quarter. Pinnacle Associates Ltd. owned about 2.28% of OneSpaWorld worth $35,233,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Olympiad Research LP acquired a new stake in OneSpaWorld in the 4th quarter worth approximately $141,000. Principal Financial Group Inc. bought a new position in OneSpaWorld in the 1st quarter worth $148,000. Allspring Global Investments Holdings LLC lifted its position in OneSpaWorld by 13,242.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,341 shares of the company’s stock worth $174,000 after acquiring an additional 11,256 shares during the last quarter. ProShare Advisors LLC boosted its holdings in OneSpaWorld by 8.5% during the first quarter. ProShare Advisors LLC now owns 14,997 shares of the company’s stock valued at $198,000 after acquiring an additional 1,181 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of OneSpaWorld in the first quarter valued at about $221,000. 95.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other OneSpaWorld news, Director Walter Field Mclallen sold 2,500 shares of OneSpaWorld stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $15.23, for a total transaction of $38,075.00. Following the transaction, the director now directly owns 175,486 shares in the company, valued at $2,672,651.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Walter Field Mclallen sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $15.23, for a total transaction of $38,075.00. Following the completion of the transaction, the director now directly owns 175,486 shares of the company’s stock, valued at $2,672,651.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew R. Heyer sold 6,000 shares of OneSpaWorld stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $14.57, for a total transaction of $87,420.00. Following the completion of the sale, the director now owns 467,145 shares in the company, valued at $6,806,302.65. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

OSW has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on OneSpaWorld from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Loop Capital boosted their price objective on shares of OneSpaWorld from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Truist Financial lifted their target price on OneSpaWorld from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, TD Cowen raised their target price on OneSpaWorld from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

OneSpaWorld Trading Up 1.3 %

OSW stock traded up $0.20 during trading on Friday, hitting $15.87. The company had a trading volume of 488,447 shares, compared to its average volume of 575,791. The firm has a 50-day moving average price of $15.67 and a 200-day moving average price of $14.52. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 58.78 and a beta of 2.14. OneSpaWorld Holdings Limited has a 12 month low of $9.82 and a 12 month high of $17.30. The company has a quick ratio of 1.34, a current ratio of 1.85 and a debt-to-equity ratio of 0.27.

OneSpaWorld Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.16 dividend on an annualized basis and a yield of 1.01%. OneSpaWorld’s payout ratio is presently 59.26%.

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.