OneSpaWorld (NASDAQ:OSW) Director Sells $1,133,318.55 in Stock

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Andrew Heyer sold 37,219 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was 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 in the company, valued at $2,436,000. This represents a 31.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

OneSpaWorld Stock Up 4.2%

Shares of OSW stock traded up $1.25 during trading hours on Wednesday, hitting $31.29. 1,467,094 shares of the company’s stock traded hands, compared to its average volume of 980,943. The company has a quick ratio of 1.39, a current ratio of 2.22 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 37.25 and a beta of 0.84. The stock’s fifty day simple moving average is $23.93 and its two-hundred day simple moving average is $23.96. OneSpaWorld Holdings Limited has a 12-month low of $19.06 and a 12-month high of $31.67.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $276.53 million during the quarter, compared to analyst estimates of $272.34 million. OneSpaWorld had a return on equity of 18.93% and a net margin of 8.26%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. On average, analysts expect 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. Stockholders of record on Wednesday, November 18th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. This is a boost from OneSpaWorld’s previous quarterly dividend of $0.05. OneSpaWorld’s payout ratio is presently 23.81%.

Institutional Trading of OneSpaWorld

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. lifted its position in shares of OneSpaWorld by 80.2% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,774 shares of the company’s stock valued at $62,000 after buying an additional 1,235 shares in the last quarter. Park Avenue Securities LLC raised its stake in OneSpaWorld by 5.3% during the 3rd quarter. Park Avenue Securities LLC now owns 11,357 shares of the company’s stock valued at $255,000 after purchasing an additional 567 shares during the period. Signaturefd LLC lifted its holdings 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 purchasing an additional 581 shares in the last quarter. Sterling Capital Management LLC lifted its holdings 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 purchasing an additional 2,959 shares in the last quarter. Finally, Vest Financial LLC lifted its holdings in OneSpaWorld by 3.0% in the 3rd quarter. Vest Financial LLC now owns 167,418 shares of the company’s stock worth $3,765,000 after purchasing an additional 4,948 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.