OneSpaWorld (NASDAQ:OSW) Director Sells 7,000 Shares of Stock

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Andrew Heyer sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $26.11, for a total transaction of $182,770.00. Following the sale, the director directly owned 295,145 shares in the company, valued at $7,706,235.95. This represents a 2.32% 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.

OneSpaWorld Trading Up 4.2%

Shares of NASDAQ OSW traded up $1.25 during midday trading on Wednesday, reaching $31.29. 1,467,134 shares of the stock were exchanged, compared to its average volume of 980,943. The company has a market capitalization of $3.18 billion, a P/E ratio of 37.25 and a beta of 0.84. The company has a current ratio of 2.22, a quick ratio of 1.39 and a debt-to-equity ratio of 0.12. OneSpaWorld Holdings Limited has a 52-week low of $19.06 and a 52-week high of $31.67. The stock has a 50 day moving average price of $23.93 and a 200-day moving average price of $23.96.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. OneSpaWorld had a return on equity of 18.93% and a net margin of 8.26%. The company had revenue of $276.53 million for the quarter, compared to analyst estimates of $272.34 million. During the same quarter in the prior year, the company posted $0.29 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts expect that OneSpaWorld Holdings Limited will post 1.09 earnings per share for the current fiscal year.

OneSpaWorld Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.8%. This is a boost from OneSpaWorld’s previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, November 18th. OneSpaWorld’s dividend payout ratio (DPR) is currently 23.81%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of OneSpaWorld by 87.2% in the 3rd quarter. Signaturefd LLC now owns 1,247 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of OneSpaWorld during the 2nd quarter worth about $38,000. Rockefeller Capital Management L.P. grew its holdings in shares of OneSpaWorld by 111.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock worth $49,000 after purchasing an additional 1,244 shares during the period. Persistent Asset Partners Ltd purchased a new stake in shares of OneSpaWorld during the 2nd quarter worth about $58,000. Finally, Pinnacle Wealth Planning Services Inc. increased its position in OneSpaWorld by 80.2% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,774 shares of the company’s stock worth $62,000 after purchasing an additional 1,235 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited (NASDAQ: OSW) provides health, wellness and beauty services primarily aboard cruise ships and at destination resorts. The company operates and manages spas, salons, fitness centers and wellness facilities for cruise lines and resort operators, serving travelers in international markets.

Its services include massages and other spa treatments, facials, skincare, hair and beauty services, fitness and wellness programs, medi-spa treatments, acupuncture and related health services.