Truist Financial Cuts OneSpaWorld (NASDAQ:OSW) Price Target to $19.00

OneSpaWorld (NASDAQ:OSW) had its target price decreased by Truist Financial from $22.00 to $19.00 in a research report sent to investors on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Separately, Stifel Nicolaus cut their price target on shares of OneSpaWorld from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $19.60.

OneSpaWorld Trading Up 6.9 %

Shares of OSW stock opened at $17.85 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 firm has a fifty day moving average of $17.25 and a 200-day moving average of $18.79. OneSpaWorld has a 52-week low of $14.21 and a 52-week high of $23.01. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 25.50 and a beta of 1.71.

OneSpaWorld Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Wednesday, May 21st. OneSpaWorld’s dividend payout ratio (DPR) is currently 22.86%.

Hedge Funds Weigh In On OneSpaWorld

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSW. Raymond James Financial Inc. bought a new position in shares of OneSpaWorld in the fourth quarter valued at approximately $54,789,000. Vanguard Group Inc. increased its holdings in OneSpaWorld by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 2,728,953 shares of the company’s stock valued at $54,306,000 after purchasing an additional 135,923 shares in the last quarter. Dimensional Fund Advisors LP raised its position in OneSpaWorld by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,612,894 shares of the company’s stock valued at $51,997,000 after purchasing an additional 120,979 shares during the last quarter. Capital International Investors boosted its stake in OneSpaWorld by 17.7% in the fourth quarter. Capital International Investors now owns 2,531,129 shares of the company’s stock worth $50,369,000 after purchasing an additional 380,611 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of OneSpaWorld by 16.8% during the fourth quarter. Wellington Management Group LLP now owns 2,092,683 shares of the company’s stock worth $41,644,000 after purchasing an additional 301,651 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

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.