New South Capital Management Inc. Sells 579,662 Shares of OneSpaWorld Holdings Limited $OSW

New South Capital Management Inc. reduced its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 33.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,159,742 shares of the company’s stock after selling 579,662 shares during the period. OneSpaWorld accounts for about 1.8% of New South Capital Management Inc.’s investment portfolio, making the stock its 19th largest position. New South Capital Management Inc.’s holdings in OneSpaWorld were worth $26,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Illinois Municipal Retirement Fund grew its holdings in shares of OneSpaWorld by 7.3% during the third quarter. Illinois Municipal Retirement Fund now owns 57,549 shares of the company’s stock worth $1,294,000 after buying an additional 3,920 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its position in OneSpaWorld by 80.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,774 shares of the company’s stock worth $62,000 after acquiring an additional 1,235 shares during the last quarter. Park Avenue Securities LLC boosted its position in OneSpaWorld by 5.3% during the third quarter. Park Avenue Securities LLC now owns 11,357 shares of the company’s stock worth $255,000 after acquiring an additional 567 shares during the last quarter. Signaturefd LLC grew its stake in OneSpaWorld by 87.2% in the 3rd quarter. Signaturefd LLC now owns 1,247 shares of the company’s stock worth $28,000 after acquiring an additional 581 shares during the period. Finally, Sterling Capital Management LLC grew its stake in OneSpaWorld by 840.6% in the 3rd quarter. Sterling Capital Management LLC now owns 3,311 shares of the company’s stock worth $74,000 after acquiring an additional 2,959 shares during the period. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

OneSpaWorld Trading Down 2.5%

Shares of OSW stock opened at $31.42 on Thursday. The firm has a market cap of $3.15 billion, a P/E ratio of 37.41 and a beta of 0.84. OneSpaWorld Holdings Limited has a 1-year low of $19.06 and a 1-year high of $33.05. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.22 and a quick ratio of 1.39. The firm’s 50-day simple moving average is $24.69 and its 200-day simple moving average is $24.31.

OneSpaWorld (NASDAQ:OSW) last released its earnings results on Wednesday, October 28th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. OneSpaWorld had a net margin of 8.26% and a return on equity of 18.93%. The firm had revenue of $276.53 million during the quarter, compared to the consensus estimate of $272.34 million. During the same period in the previous year, the firm earned $0.29 earnings per share. OneSpaWorld’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts forecast that OneSpaWorld Holdings Limited will post 1.09 EPS for the current year.

OneSpaWorld Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be issued a $0.0625 dividend. This is a boost from OneSpaWorld’s previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, November 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.8%. OneSpaWorld’s dividend payout ratio (DPR) is 29.76%.

Analyst Ratings Changes

OSW has been the subject of several analyst reports. Stifel Nicolaus boosted their price target on OneSpaWorld from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of OneSpaWorld in a report on Thursday, October 29th. TD Cowen raised their price objective on OneSpaWorld from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Truist Financial lifted their price objective on OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group upped their target price on OneSpaWorld from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Insider Buying and Selling at OneSpaWorld

In other news, Director Andrew Heyer sold 37,219 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $30.45, for a total transaction of $1,133,318.55. Following the completion of the sale, the director directly owned 80,000 shares of the company’s stock, valued at $2,436,000. The trade was a 31.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 64,219 shares of company stock valued at $1,928,089. 3.60% of the stock is owned by company insiders.

About OneSpaWorld

OneSpaWorld Holdings Limited provides spa, wellness, beauty, and fitness services primarily aboard cruise ships and at resort destinations. Its offerings include massage and other spa treatments, salon services, fitness programs, and wellness experiences. The company also sells beauty, skincare, and wellness products through its onboard and resort operations. Its services are delivered through partnerships with cruise lines and hospitality operators, serving travelers across destinations worldwide.