OneSpaWorld (NASDAQ:OSW) Director Andrew Heyer Sells 20,000 Shares of Stock

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Andrew Heyer sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $26.04, for a total value of $520,800.00. Following the completion of the sale, the director owned 489,817 shares of the company’s stock, valued at $12,754,834.68. The trade was a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

OneSpaWorld Price Performance

NASDAQ OSW traded up $0.40 on Wednesday, reaching $26.76. 835,716 shares of the company’s stock traded hands, compared to its average volume of 989,181. OneSpaWorld Holdings Limited has a 12 month low of $19.04 and a 12 month high of $26.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.52 and a quick ratio of 1.40. The stock has a 50-day simple moving average of $24.22 and a 200 day simple moving average of $22.26. The stock has a market cap of $2.71 billion, a PE ratio of 35.68 and a beta of 0.92.

OneSpaWorld (NASDAQ:OSW) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. OneSpaWorld had a net margin of 7.85% and a return on equity of 18.00%. The firm had revenue of $247.63 million during the quarter, compared to analyst estimates of $244.51 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, research analysts predict that OneSpaWorld Holdings Limited will post 1.07 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were issued a $0.05 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. OneSpaWorld’s payout ratio is currently 26.67%.

Institutional Trading of OneSpaWorld

A number of institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new position in OneSpaWorld during the 3rd quarter valued at about $29,000. Brown Brothers Harriman & Co. bought a new stake in shares of OneSpaWorld in the 4th quarter worth approximately $31,000. Arax Advisory Partners grew its position in shares of OneSpaWorld by 428.8% in the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after buying an additional 1,295 shares during the last quarter. First Horizon Corp increased its stake in shares of OneSpaWorld by 120.4% during the fourth quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after buying an additional 975 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of OneSpaWorld by 325.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after acquiring an additional 1,478 shares in the last quarter. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on OSW. Truist Financial increased their target price on OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Jefferies Financial Group started coverage on OneSpaWorld in a research note on Tuesday, March 24th. They issued a “buy” rating and a $30.00 price target on the stock. Wall Street Zen downgraded OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. TD Cowen increased their price objective on OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings raised OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $28.20.

OneSpaWorld Company Profile

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.