Franklin Resources Inc. Lowers Stock Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Franklin Resources Inc. trimmed its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,045,756 shares of the company’s stock after selling 433,505 shares during the period. Franklin Resources Inc. owned about 3.89% of OneSpaWorld worth $68,373,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Morse Asset Management Inc lifted its holdings in OneSpaWorld by 8.1% in the third quarter. Morse Asset Management Inc now owns 14,050 shares of the company’s stock valued at $232,000 after acquiring an additional 1,050 shares during the period. Zacks Investment Management increased its holdings in shares of OneSpaWorld by 13.3% in the 3rd quarter. Zacks Investment Management now owns 16,052 shares of the company’s stock valued at $265,000 after purchasing an additional 1,881 shares in the last quarter. Emerald Advisers LLC lifted its stake in shares of OneSpaWorld by 3.7% in the third quarter. Emerald Advisers LLC now owns 65,498 shares of the company’s stock valued at $1,081,000 after purchasing an additional 2,310 shares during the period. Principal Financial Group Inc. boosted its holdings in OneSpaWorld by 20.9% during the second quarter. Principal Financial Group Inc. now owns 13,572 shares of the company’s stock worth $209,000 after buying an additional 2,350 shares in the last quarter. Finally, Kings Path Partners LLC grew its position in OneSpaWorld by 3.2% during the third quarter. Kings Path Partners LLC now owns 77,145 shares of the company’s stock worth $1,274,000 after buying an additional 2,380 shares during the period. 95.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Truist Financial boosted their price target on OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd.

OneSpaWorld Price Performance

OneSpaWorld stock opened at $20.26 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $18.50 and its 200 day simple moving average is $16.70. OneSpaWorld Holdings Limited has a 52 week low of $11.98 and a 52 week high of $20.57. The firm has a market capitalization of $2.11 billion, a PE ratio of 41.35 and a beta of 2.13.

OneSpaWorld Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a $0.04 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.79%. OneSpaWorld’s dividend payout ratio is presently 32.65%.

Insider Transactions at OneSpaWorld

In related news, CFO Stephen Lazarus sold 170,339 shares of OneSpaWorld stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $16.91, for a total transaction of $2,880,432.49. Following the completion of the sale, the chief financial officer now owns 556,581 shares in the company, valued at approximately $9,411,784.71. This trade represents a 23.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew R. Heyer sold 75,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the completion of the transaction, the director now owns 545,432 shares in the company, valued at approximately $10,188,669.76. This trade represents a 12.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 337,810 shares of company stock valued at $6,012,016 in the last ninety days. Corporate insiders own 5.00% of the company’s stock.

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.