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

Reinhart Partners LLC. lessened its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 13.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,437,461 shares of the company’s stock after selling 525,349 shares during the quarter. OneSpaWorld makes up about 1.9% of Reinhart Partners LLC.’s portfolio, making the stock its 24th biggest holding. Reinhart Partners LLC. owned 3.39% of OneSpaWorld worth $77,308,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of OneSpaWorld in the second quarter valued at about $278,024,000. Bank of America Corp DE purchased a new position in OneSpaWorld in the 2nd quarter valued at about $119,564,000. Neumeier Poma Investment Counsel LLC acquired a new stake in OneSpaWorld in the 2nd quarter worth about $43,462,264. Nixon Capital LLC purchased a new stake in OneSpaWorld during the 2nd quarter worth approximately $25,168,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in OneSpaWorld during the 1st quarter worth approximately $18,944,000. 95.98% of the stock is currently owned by institutional investors and hedge funds.

OneSpaWorld Trading Up 1.0%

OSW opened at $23.74 on Friday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 30.05 and a beta of 0.90. The company’s 50 day simple moving average is $24.10 and its two-hundred day simple moving average is $24.73. OneSpaWorld Holdings Limited has a 1-year low of $19.06 and a 1-year high of $29.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.91 and a quick ratio of 1.93.

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

OneSpaWorld Dividend Announcement

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

Insider Activity at OneSpaWorld

In other news, Director Andrew Heyer sold 25,219 shares of OneSpaWorld stock in a transaction on Friday, August 7th. The stock was sold at an average price of $26.42, for a total transaction of $666,285.98. Following the transaction, the director owned 306,926 shares in the company, valued at $8,108,984.92. The trade was a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 60,000 shares of company stock worth $1,583,927. 3.60% of the stock is owned by insiders.

Analyst Ratings Changes

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

About OneSpaWorld

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.