Walter Field Mclallen Sells 10,500 Shares of OneSpaWorld (NASDAQ:OSW) Stock

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Walter Field Mclallen sold 10,500 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.67, for a total transaction of $259,035.00. Following the transaction, the director owned 137,382 shares in the company, valued at $3,389,213.94. This trade represents a 7.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OneSpaWorld Trading Up 4.0%

OSW stock opened at $25.79 on Friday. 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 twelve month low of $18.43 and a twelve month high of $25.99. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 34.39 and a beta of 0.92. The firm’s fifty day simple moving average is $24.11 and its two-hundred day simple moving average is $22.16.

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

OneSpaWorld Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. OneSpaWorld’s dividend payout ratio (DPR) is currently 26.67%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in OneSpaWorld by 395.0% in the 1st quarter. Bank of America Corp DE now owns 3,987,390 shares of the company’s stock valued at $91,511,000 after buying an additional 3,181,857 shares during the period. Reinhart Partners LLC. purchased a new stake in OneSpaWorld in the 4th quarter valued at about $45,358,000. First Trust Advisors LP raised its holdings in OneSpaWorld by 45.6% in the 3rd quarter. First Trust Advisors LP now owns 3,088,830 shares of the company’s stock valued at $65,298,000 after buying an additional 966,889 shares during the period. Aberdeen Group plc purchased a new stake in OneSpaWorld in the 4th quarter valued at about $17,663,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in OneSpaWorld in the 1st quarter valued at about $18,944,000. Institutional investors and hedge funds own 95.98% of the company’s stock.

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.