OneSpaWorld (NASDAQ:OSW) Stock: Insider Andrew Heyer Sells 37,219 Shares

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Andrew Heyer sold 37,219 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $30.45, for a total value of $1,133,318.55. Following the transaction, the director owned 80,000 shares of the company’s stock, valued at $2,436,000. The trade was a 31.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

OneSpaWorld Stock Performance

OneSpaWorld stock traded up $1.25 during midday trading on Wednesday, reaching $31.29. The stock had a trading volume of 1,467,094 shares, compared to its average volume of 980,943. The firm has a market capitalization of $3.18 billion, a PE ratio of 37.25 and a beta of 0.84. OneSpaWorld Holdings Limited has a 12 month low of $19.06 and a 12 month high of $31.67. The company has a quick ratio of 1.39, a current ratio of 2.22 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $23.93 and its 200 day moving average price is $23.96.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. OneSpaWorld had a net margin of 8.26% and a return on equity of 18.93%. The company had revenue of $276.53 million during the quarter, compared to the consensus estimate of $272.34 million. During the same period last year, the firm earned $0.29 EPS. OneSpaWorld’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts predict that OneSpaWorld Holdings Limited will post 1.09 earnings per share for the current fiscal year.

OneSpaWorld Increases Dividend

The business also recently announced 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. The ex-dividend date is Wednesday, November 18th. This represents a $0.25 annualized dividend and a yield of 0.8%. This is an increase from OneSpaWorld’s previous quarterly dividend of $0.05. OneSpaWorld’s dividend payout ratio is 23.81%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OSW. Squarepoint Ops LLC bought a new position in OneSpaWorld in the second quarter worth about $1,554,000. Principal Financial Group Inc. boosted its position in OneSpaWorld by 814.1% during the 1st quarter. Principal Financial Group Inc. now owns 539,387 shares of the company’s stock valued at $12,379,000 after acquiring an additional 480,378 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of OneSpaWorld by 30.3% during the 1st quarter. Bessemer Group Inc. now owns 1,468,100 shares of the company’s stock worth $33,692,000 after acquiring an additional 341,632 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of OneSpaWorld during the 2nd quarter worth approximately $15,948,000. Finally, Bank of America Corp DE raised its position in shares of OneSpaWorld by 395.0% in the 1st quarter. Bank of America Corp DE now owns 3,987,390 shares of the company’s stock worth $91,511,000 after acquiring an additional 3,181,857 shares in the last quarter. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OSW has been the topic of several analyst reports. TD Cowen upped their price target on OneSpaWorld from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Jefferies Financial Group increased their price objective on OneSpaWorld from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Stifel Nicolaus lifted their price objective on OneSpaWorld from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of OneSpaWorld in a research report on Thursday, October 29th. Finally, Truist Financial upped 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. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

About OneSpaWorld

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.