OneSpaWorld Holdings Limited $OSW Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. cut its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 13.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,437,461 shares of the company’s stock after selling 525,349 shares during the period. OneSpaWorld accounts for about 1.9% of Reinhart Partners LLC.’s portfolio, making the stock its 24th largest holding. Reinhart Partners LLC.’s holdings in OneSpaWorld were worth $77,308,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in OSW. Squarepoint Ops LLC purchased a new stake in OneSpaWorld in the second quarter valued at $1,554,000. Principal Financial Group Inc. increased its position in shares of OneSpaWorld by 814.1% during the 1st quarter. Principal Financial Group Inc. now owns 539,387 shares of the company’s stock worth $12,379,000 after purchasing an additional 480,378 shares during the last quarter. Moran Wealth Management LLC increased its position in shares of OneSpaWorld by 318.4% during the 1st quarter. Moran Wealth Management LLC now owns 180,220 shares of the company’s stock worth $4,136,000 after purchasing an additional 137,148 shares during the last quarter. Bessemer Group Inc. raised its holdings in OneSpaWorld by 30.3% in the 1st quarter. Bessemer Group Inc. now owns 1,468,100 shares of the company’s stock valued at $33,692,000 after buying an additional 341,632 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in OneSpaWorld in the first quarter valued at about $1,037,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OSW has been the subject of several research analyst reports. Truist Financial increased their target price on shares of OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings restated a “buy (b)” rating on shares of OneSpaWorld in a report on Friday, July 31st. Stifel Nicolaus increased their price objective on shares of OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group increased their price objective on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.25.

Insider Transactions at OneSpaWorld

In other OneSpaWorld news, Director Andrew Heyer sold 4,781 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $26.07, for a total value of $124,640.67. Following the completion of the transaction, the director owned 302,145 shares of the company’s stock, valued at $7,876,920.15. This trade represents a 1.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have sold 60,000 shares of company stock worth $1,583,927. 3.60% of the stock is owned by corporate insiders.

OneSpaWorld Stock Performance

Shares of OneSpaWorld stock opened at $23.74 on Friday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 30.05 and a beta of 0.90. 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 business has a 50-day moving average of $24.10 and a 200 day moving average of $24.73. OneSpaWorld Holdings Limited has a 12 month low of $19.06 and a 12 month high of $29.25.

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

OneSpaWorld Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.05 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. OneSpaWorld’s dividend payout ratio is 25.32%.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited is a global provider of health, wellness and beauty services. The company operates spas, salons, fitness centers and wellness facilities, offering services such as massages, facials, hair and nail treatments, fitness programs, thermal experiences and related personal-care services.

OneSpaWorld primarily delivers these services onboard cruise ships and at destination resorts. Its operations serve travelers in major cruise and leisure markets around the world, including North America, Europe, the Caribbean, Asia-Pacific and other international destinations.