OneSpaWorld (NASDAQ:OSW) Director Sells $529,000.00 in Stock

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Andrew Heyer sold 20,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $26.45, for a total transaction of $529,000.00. Following the completion of the sale, the director owned 478,099 shares of the company’s stock, valued at approximately $12,645,718.55. The trade was a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

OneSpaWorld Stock Performance

Shares of NASDAQ:OSW traded down $0.41 during trading on Monday, hitting $25.80. 589,311 shares of the stock were exchanged, compared to its average volume of 999,505. The company’s fifty day simple moving average is $26.36 and its 200-day simple moving average is $23.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.93 and a current ratio of 2.91. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 32.66 and a beta of 0.91. OneSpaWorld Holdings Limited has a 1-year low of $19.06 and a 1-year high of $29.25.

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

OneSpaWorld Dividend Announcement

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

Institutional Investors Weigh In On OneSpaWorld

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in OneSpaWorld in the second quarter worth $278,024,000. Bank of America Corp DE raised its holdings in shares of OneSpaWorld by 395.0% in the first quarter. Bank of America Corp DE now owns 3,987,390 shares of the company’s stock valued at $91,511,000 after buying an additional 3,181,857 shares during the last quarter. Reinhart Partners LLC. bought a new position in shares of OneSpaWorld in the fourth quarter valued at about $45,358,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in OneSpaWorld during the 1st quarter worth about $18,944,000. Finally, Bank of New York Mellon Corp acquired a new position in OneSpaWorld during the 2nd quarter worth about $15,948,000. 95.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OSW. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Truist Financial raised their target price on OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a research note on Friday, July 31st. TD Cowen upped their price target on OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Stifel Nicolaus increased their price objective on OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $30.60.

OneSpaWorld Company Profile

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.