Kings Path Partners LLC Boosts Stake in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Kings Path Partners LLC increased its position in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 77,145 shares of the company’s stock after purchasing an additional 2,380 shares during the quarter. Kings Path Partners LLC owned approximately 0.08% of OneSpaWorld worth $1,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in shares of OneSpaWorld during the 4th quarter valued at $4,926,000. Principal Financial Group Inc. bought a new stake in OneSpaWorld during the first quarter worth about $148,000. Capstone Investment Advisors LLC grew its holdings in OneSpaWorld by 56.0% in the first quarter. Capstone Investment Advisors LLC now owns 39,000 shares of the company’s stock worth $516,000 after purchasing an additional 14,000 shares during the period. Mutual of America Capital Management LLC bought a new position in shares of OneSpaWorld during the first quarter valued at approximately $7,505,000. Finally, DAVENPORT & Co LLC lifted its holdings in shares of OneSpaWorld by 21.1% during the first quarter. DAVENPORT & Co LLC now owns 2,694,704 shares of the company’s stock valued at $35,970,000 after purchasing an additional 470,415 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, TD Cowen upped their price target on OneSpaWorld from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

OneSpaWorld Price Performance

Shares of OSW opened at $16.79 on Friday. The firm has a fifty day simple moving average of $15.85 and a two-hundred day simple moving average of $15.12. The firm has a market cap of $1.76 billion, a PE ratio of 37.31 and a beta of 2.14. The company has a current ratio of 2.03, a quick ratio of 1.49 and a debt-to-equity ratio of 0.23. OneSpaWorld Holdings Limited has a 1-year low of $9.82 and a 1-year high of $17.42.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $224.89 million during the quarter, compared to analysts’ expectations of $220.61 million. OneSpaWorld had a return on equity of 13.67% and a net margin of 6.26%. During the same quarter in the prior year, the business earned $0.13 earnings per share. On average, equities analysts anticipate that OneSpaWorld Holdings Limited will post 0.73 EPS for the current year.

OneSpaWorld Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.95%. OneSpaWorld’s dividend payout ratio (DPR) is 35.56%.

Insider Buying and Selling

In other OneSpaWorld news, Director Andrew R. Heyer sold 6,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $14.57, for a total transaction of $87,420.00. Following the completion of the sale, the director now owns 467,145 shares of the company’s stock, valued at approximately $6,806,302.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Stephen Lazarus sold 170,339 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $16.91, for a total value of $2,880,432.49. Following the completion of the transaction, the chief financial officer now owns 556,581 shares of the company’s stock, valued at approximately $9,411,784.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew R. Heyer sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $14.57, for a total value of $87,420.00. Following the sale, the director now directly owns 467,145 shares in the company, valued at approximately $6,806,302.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,904 shares of company stock valued at $3,111,316. 5.00% of the stock is owned by company insiders.

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.