JPMorgan Chase & Co. Has $9.36 Million Stake in OneSpaWorld Holdings Limited (NASDAQ:OSW)

JPMorgan Chase & Co. trimmed its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 23.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 566,789 shares of the company’s stock after selling 178,311 shares during the period. JPMorgan Chase & Co. owned 0.55% of OneSpaWorld worth $9,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in OSW. Principal Financial Group Inc. increased its holdings in shares of OneSpaWorld by 144.2% in 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 last quarter. Lord Abbett & CO. LLC increased its holdings in shares of OneSpaWorld by 53.5% in the third quarter. Lord Abbett & CO. LLC now owns 615,730 shares of the company’s stock valued at $10,166,000 after purchasing an additional 214,557 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of OneSpaWorld by 6.2% in the third quarter. Geode Capital Management LLC now owns 2,414,363 shares of the company’s stock valued at $39,869,000 after purchasing an additional 141,578 shares during the last quarter. Barclays PLC increased its holdings in shares of OneSpaWorld by 177.8% in the third quarter. Barclays PLC now owns 198,549 shares of the company’s stock valued at $3,278,000 after purchasing an additional 127,074 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of OneSpaWorld in the third quarter valued at $9,267,000. 95.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Andrew R. Heyer sold 75,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total value of $1,401,000.00. Following the completion of the transaction, the director now owns 545,432 shares of the company’s stock, valued at approximately $10,188,669.76. This represents a 12.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen Lazarus sold 65,906 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $18.51, for a total transaction of $1,219,920.06. Following the completion of the transaction, the chief financial officer now directly owns 490,675 shares of the company’s stock, valued at $9,082,394.25. This trade represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,906 shares of company stock valued at $2,988,120 over the last quarter. 5.00% of the stock is owned by company insiders.

OneSpaWorld Trading Up 0.3 %

OSW opened at $18.81 on Tuesday. OneSpaWorld Holdings Limited has a twelve month low of $11.98 and a twelve month high of $20.57. The company has a 50-day simple moving average of $19.43 and a 200 day simple moving average of $17.32. 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 stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 38.39 and a beta of 2.10.

OneSpaWorld Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.16 annualized dividend and a yield of 0.85%. OneSpaWorld’s dividend payout ratio is 32.65%.

Analysts Set New Price Targets

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

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.