OneSpaWorld (NASDAQ:OSW) Director Andrew Heyer Sells 7,000 Shares of Company Stock

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Andrew Heyer sold 7,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $26.11, for a total value of $182,770.00. Following the completion of the transaction, the director owned 295,145 shares in the company, valued at approximately $7,706,235.95. The trade was a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

OneSpaWorld Price Performance

Shares of NASDAQ OSW opened at $31.29 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.39 and a current ratio of 2.22. OneSpaWorld Holdings Limited has a fifty-two week low of $19.06 and a fifty-two week high of $31.67. The firm has a market capitalization of $3.18 billion, a PE ratio of 37.25 and a beta of 0.84. The stock’s 50-day simple moving average is $24.03 and its 200-day simple moving average is $24.02.

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

OneSpaWorld Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 18th. This is a positive change from OneSpaWorld’s previous quarterly dividend of $0.05. OneSpaWorld’s dividend payout ratio (DPR) is currently 23.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Jefferies Financial Group lifted their price target on shares of OneSpaWorld from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. TD Cowen upped their price objective on OneSpaWorld from $30.00 to $32.00 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 note on Thursday, October 29th. Stifel Nicolaus increased their target price on OneSpaWorld from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Finally, Truist Financial raised their price target on OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Institutional Trading of OneSpaWorld

A number of institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in OneSpaWorld by 87.2% during the third quarter. Signaturefd LLC now owns 1,247 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of OneSpaWorld in the second quarter valued at $38,000. Rockefeller Capital Management L.P. increased its position in shares of OneSpaWorld by 111.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock valued at $49,000 after buying an additional 1,244 shares in the last quarter. Persistent Asset Partners Ltd purchased a new position in shares of OneSpaWorld in the second quarter valued at $58,000. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in shares of OneSpaWorld by 80.2% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,774 shares of the company’s stock worth $62,000 after buying an additional 1,235 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

OneSpaWorld Company Profile

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.