Insider Selling: OneSpaWorld (NASDAQ:OSW) Director Sells $182,770.00 in Stock

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Andrew Heyer sold 7,000 shares of OneSpaWorld stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $26.11, for a total transaction of $182,770.00. Following the transaction, the director directly owned 295,145 shares of the company’s stock, valued at $7,706,235.95. This represents a 2.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

OneSpaWorld Price Performance

OSW stock opened at $31.13 on Friday. The company has a fifty day simple moving average of $24.21 and a two-hundred day simple moving average of $24.13. OneSpaWorld Holdings Limited has a 52 week low of $19.06 and a 52 week high of $31.67. The firm has a market capitalization of $3.16 billion, a P/E ratio of 37.06 and a beta of 0.84. The company has a quick ratio of 1.39, a current ratio of 2.22 and a debt-to-equity ratio of 0.12.

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

OneSpaWorld Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. This is a positive change from OneSpaWorld’s previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, November 18th. OneSpaWorld’s payout ratio is presently 23.81%.

Institutional Investors Weigh In On OneSpaWorld

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of OneSpaWorld during the second quarter worth $278,024,000. Bank of America Corp DE acquired a new stake in shares of OneSpaWorld in the second quarter valued at $119,564,000. Neumeier Poma Investment Counsel LLC acquired a new position in OneSpaWorld in the second quarter worth approximately $43,462,264. Nixon Capital LLC acquired a new position in shares of OneSpaWorld in the 2nd quarter valued at $25,168,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in OneSpaWorld in the first quarter valued at approximately $18,944,000. 95.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OSW has been the topic of a number of research reports. TD Cowen upped their target price on shares of OneSpaWorld from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of OneSpaWorld in a research report on Thursday, October 29th. Stifel Nicolaus raised their price target on OneSpaWorld from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Truist Financial raised their price target on OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group upped their price target on OneSpaWorld from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, OneSpaWorld currently has a consensus rating of “Moderate Buy” and an average target price 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.