Andrew Heyer Sells 25,219 Shares of OneSpaWorld (NASDAQ:OSW) Stock

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Andrew Heyer sold 25,219 shares of OneSpaWorld stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $26.42, for a total value of $666,285.98. Following the completion of the transaction, the director directly owned 306,926 shares of the company’s stock, valued at approximately $8,108,984.92. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

OneSpaWorld Stock Down 1.6%

Shares of OSW traded down $0.41 during mid-day trading on Monday, hitting $25.80. 589,311 shares of the company’s stock were exchanged, compared to its average volume of 999,505. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 32.66 and a beta of 0.91. OneSpaWorld Holdings Limited has a fifty-two week low of $19.06 and a fifty-two week high of $29.25. 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 stock’s 50-day moving average is $26.36 and its 200-day moving average is $23.89.

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

OneSpaWorld Dividend Announcement

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

Wall Street Analysts Forecast Growth

OSW has been the topic of several analyst reports. Stifel Nicolaus increased their price objective on OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Truist Financial boosted their target price on OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. TD Cowen upped their price target on OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a research report on Friday, July 31st. One research 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.com, the company presently has an average rating of “Buy” and an average price target of $30.60.

Institutional Investors Weigh In On OneSpaWorld

Large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in OneSpaWorld during the second quarter worth approximately $278,024,000. Bank of America Corp DE increased its stake in 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 purchasing an additional 3,181,857 shares during the last quarter. Reinhart Partners LLC. purchased a new position in OneSpaWorld in the fourth quarter valued at approximately $45,358,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in OneSpaWorld during the first quarter worth approximately $18,944,000. Finally, Bank of New York Mellon Corp acquired a new stake in OneSpaWorld during the second quarter worth approximately $15,948,000. 95.98% of the stock is owned by hedge funds and other institutional investors.

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.