OneSpaWorld (NASDAQ:OSW) Director Andrew Heyer Sells 4,781 Shares of Stock

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Andrew Heyer sold 4,781 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $26.07, for a total value of $124,640.67. Following the transaction, the director owned 302,145 shares in the company, valued at $7,876,920.15. This represents a 1.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

OneSpaWorld Price Performance

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

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

OneSpaWorld Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued 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 payout ratio is presently 25.32%.

Wall Street Analysts Forecast Growth

OSW has been the topic of several recent analyst reports. TD Cowen increased their price objective on shares of OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wall Street Zen downgraded shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Stifel Nicolaus raised their price target on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a research note on Friday, July 31st. Finally, Jefferies Financial Group lifted their price objective on OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $30.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in OneSpaWorld in the 2nd quarter valued at $278,024,000. Bank of America Corp DE grew its holdings in shares of OneSpaWorld by 395.0% during the first quarter. Bank of America Corp DE now owns 3,987,390 shares of the company’s stock worth $91,511,000 after buying an additional 3,181,857 shares in the last quarter. Reinhart Partners LLC. raised its position in shares of OneSpaWorld by 2.0% in the second quarter. Reinhart Partners LLC. now owns 3,962,810 shares of the company’s stock valued at $111,910,000 after buying an additional 78,022 shares during the last quarter. First Trust Advisors LP raised its position in shares of OneSpaWorld by 2.9% in the fourth quarter. First Trust Advisors LP now owns 3,179,211 shares of the company’s stock valued at $65,937,000 after buying an additional 90,381 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of OneSpaWorld by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 3,017,136 shares of the company’s stock worth $62,575,000 after buying an additional 89,191 shares in the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

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.