OneSpaWorld (NASDAQ:OSW) Stock: Insider Andrew Heyer Sells 7,000 Shares

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Andrew Heyer sold 7,000 shares of the company’s stock in a transaction that occurred on 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 directly owned 295,145 shares in the company, valued at $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 can be accessed through the SEC website.

OneSpaWorld Price Performance

Shares of NASDAQ OSW opened at $30.72 on Friday. The firm has a market cap of $3.12 billion, a P/E ratio of 36.57 and a beta of 0.84. The business’s 50 day moving average is $24.12 and its 200-day moving average is $24.07. The company has a current ratio of 2.22, a quick ratio of 1.39 and a debt-to-equity ratio of 0.12. OneSpaWorld Holdings Limited has a 1-year low of $19.06 and a 1-year high of $31.67.

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

OneSpaWorld Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This is a boost from OneSpaWorld’s previous quarterly dividend of $0.05. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.8%. OneSpaWorld’s dividend payout ratio (DPR) is presently 29.76%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On OneSpaWorld

Several hedge funds and other institutional investors have recently made changes to their positions in OSW. King Luther Capital Management Corp raised its stake in OneSpaWorld by 0.3% during the third quarter. King Luther Capital Management Corp now owns 203,713 shares of the company’s stock worth $4,582,000 after acquiring an additional 563 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of OneSpaWorld by 7.3% in the third quarter. Illinois Municipal Retirement Fund now owns 57,549 shares of the company’s stock worth $1,294,000 after acquiring an additional 3,920 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of OneSpaWorld by 80.2% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,774 shares of the company’s stock valued at $62,000 after purchasing an additional 1,235 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of OneSpaWorld by 5.3% in the 3rd quarter. Park Avenue Securities LLC now owns 11,357 shares of the company’s stock valued at $255,000 after purchasing an additional 567 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of OneSpaWorld by 87.2% during the 3rd quarter. Signaturefd LLC now owns 1,247 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

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.