OneSpaWorld (NASDAQ:OSW) Director Andrew Heyer Sells 20,000 Shares

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Andrew Heyer sold 20,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.04, for a total transaction of $520,800.00. Following the completion of the transaction, the director owned 489,817 shares of the company’s stock, valued at $12,754,834.68. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

OneSpaWorld Trading Up 1.5%

Shares of NASDAQ:OSW traded up $0.40 on Wednesday, hitting $26.76. The company had a trading volume of 835,716 shares, compared to its average volume of 989,181. The firm’s 50-day simple moving average is $24.22 and its two-hundred day simple moving average is $22.26. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 35.68 and a beta of 0.92. The company has a quick ratio of 1.40, a current ratio of 2.52 and a debt-to-equity ratio of 0.15. OneSpaWorld Holdings Limited has a 1 year low of $19.04 and a 1 year high of $26.84.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. OneSpaWorld had a net margin of 7.85% and a return on equity of 18.00%. The company had revenue of $247.63 million during the quarter, compared to the consensus estimate of $244.51 million. During the same period in the prior year, the firm earned $0.15 earnings per share. OneSpaWorld’s revenue was up 12.8% on a year-over-year basis. Equities analysts anticipate that OneSpaWorld Holdings Limited will post 1.07 earnings per share for the current fiscal year.

OneSpaWorld Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. OneSpaWorld’s dividend payout ratio is currently 26.67%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. TD Cowen lifted their price target on OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Zacks Research raised OneSpaWorld from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings upgraded shares of OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Jefferies Financial Group initiated coverage on shares of OneSpaWorld in a research report on Tuesday, March 24th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Truist Financial lifted their price target on shares of OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, OneSpaWorld has a consensus rating of “Buy” and an average price target of $28.20.

Institutional Trading of OneSpaWorld

Several institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new stake in OneSpaWorld during the 3rd quarter valued at about $29,000. Brown Brothers Harriman & Co. purchased a new stake in shares of OneSpaWorld during the fourth quarter valued at approximately $31,000. Arax Advisory Partners increased its position in shares of OneSpaWorld by 428.8% during the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock valued at $33,000 after acquiring an additional 1,295 shares in the last quarter. First Horizon Corp increased its position in shares of OneSpaWorld by 120.4% during the fourth quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after acquiring an additional 975 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in OneSpaWorld by 325.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after acquiring an additional 1,478 shares during the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

OneSpaWorld Company Profile

OneSpaWorld Holdings Ltd is a global provider of spa and wellness services, catering primarily to the cruise line, hospitality and venue-based leisure industries. The company designs and operates on-board spa facilities, salon services and retail boutiques, offering treatments such as massage, facial and body therapies, nail care, hair styling and aesthetic enhancements. Additionally, OneSpaWorld provides program consulting, management, training and product distribution services to its partners, enabling tailored spa experiences across diverse passenger and guest demographics.

OneSpaWorld’s core operations span major cruise lines—such as Carnival Corporation, Royal Caribbean Group, MSC Cruises and Virgin Voyages—as well as luxury resort and hotel brands.