Andrew Heyer Sells 25,219 Shares of OneSpaWorld (NASDAQ:OSW) Stock

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Andrew Heyer sold 25,219 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $26.42, for a total transaction of $666,285.98. Following the completion of the transaction, the director directly owned 306,926 shares in the company, valued at $8,108,984.92. This trade represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

OneSpaWorld Stock Up 0.7%

Shares of NASDAQ:OSW opened at $25.99 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.91 and a quick ratio of 1.93. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 32.90 and a beta of 0.91. The company has a 50 day moving average of $26.44 and a 200-day moving average of $23.97. OneSpaWorld Holdings Limited has a one year low of $19.06 and a one year high of $29.25.

OneSpaWorld (NASDAQ:OSW) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The firm had revenue of $261.25 million for the quarter, compared to analysts’ expectations of $260.93 million. During the same period last year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, sell-side analysts forecast that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current year.

OneSpaWorld Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th. OneSpaWorld’s dividend payout ratio (DPR) is currently 25.32%.

Institutional Trading of OneSpaWorld

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of OneSpaWorld during the second quarter worth about $278,024,000. Bank of America Corp DE grew its position in shares of 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 purchasing an additional 3,181,857 shares during the period. Reinhart Partners LLC. acquired a new position in shares of OneSpaWorld in the 4th quarter valued at approximately $45,358,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in OneSpaWorld during the 1st quarter worth approximately $18,944,000. Finally, Bank of New York Mellon Corp bought a new stake in OneSpaWorld during the 2nd quarter worth approximately $15,948,000. Institutional investors and hedge funds own 95.98% of the company’s stock.

Key Headlines Impacting OneSpaWorld

Here are the key news stories impacting OneSpaWorld this week:

• Positive Sentiment: Institutional interest remains strong: BlackRock reportedly initiated a position worth approximately $278 million during the second quarter, while several other funds also bought shares. Institutions and hedge funds now own about 95.98% of OneSpaWorld. OneSpaWorld insider selling and institutional ownership report
• Positive Sentiment: Analyst sentiment remains favorable. The stock has a consensus “Buy” rating and an average price target of $30.60, above recent trading levels; Jefferies raised its target to $35.00. OneSpaWorld analyst ratings report
• Positive Sentiment: The company declared a quarterly dividend of $0.05 per share, or $0.20 annualized, representing an indicated yield of about 0.8%. Its latest quarterly results also exceeded consensus estimates, with earnings of $0.29 per share and revenue of $261.25 million, up 8.5% year over year. OneSpaWorld dividend and earnings report
• Neutral Sentiment: Reported short interest was listed at zero shares with a zero-day short-interest ratio. Because the data also shows an invalid “NaN” change, it provides little meaningful information about current short-selling pressure.
• Negative Sentiment: Director Andrew Heyer sold multiple blocks totaling about 60,000 shares for approximately $1.58 million between August 6 and August 10. The transactions reduced disclosed holdings and may weigh on sentiment, although Heyer still retains a substantial position. OneSpaWorld director stock sales

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Jefferies Financial Group upped their price objective on OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. TD Cowen increased their price target on shares of OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Stifel Nicolaus lifted their price objective on shares of OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of OneSpaWorld in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $30.60.

About OneSpaWorld

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.