OneSpaWorld Holdings Limited $OSW Stake Cut by New South Capital Management Inc.

New South Capital Management Inc. trimmed its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 33.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,159,742 shares of the company’s stock after selling 579,662 shares during the period. OneSpaWorld comprises 1.8% of New South Capital Management Inc.’s investment portfolio, making the stock its 19th biggest holding. New South Capital Management Inc. owned approximately 1.14% of OneSpaWorld worth $26,083,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Signaturefd LLC grew its holdings 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 acquiring an additional 581 shares during the period. Global Retirement Partners LLC acquired a new stake in OneSpaWorld in the second quarter valued at $38,000. Persistent Asset Partners Ltd acquired a new stake in OneSpaWorld in the second quarter valued at $58,000. Pinnacle Wealth Planning Services Inc. lifted its holdings in OneSpaWorld by 80.2% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,774 shares of the company’s stock valued at $62,000 after acquiring an additional 1,235 shares during the period. Finally, Sterling Capital Management LLC boosted its position in shares of OneSpaWorld by 840.6% during the 3rd quarter. Sterling Capital Management LLC now owns 3,311 shares of the company’s stock worth $74,000 after purchasing an additional 2,959 shares in the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.

OneSpaWorld Stock Down 2.5%

OSW opened at $31.42 on Thursday. The business’s fifty day moving average is $24.69 and its two-hundred day moving average is $24.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.39 and a current ratio of 2.22. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 37.41 and a beta of 0.84. OneSpaWorld Holdings Limited has a one year low of $19.06 and a one year high of $33.05.

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, topping 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 business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. Analysts anticipate 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. Investors of record on Wednesday, November 18th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 18th. This is an increase from OneSpaWorld’s previous quarterly dividend of $0.05. OneSpaWorld’s dividend payout ratio is currently 29.76%.

Insider Transactions at OneSpaWorld

In other OneSpaWorld news, 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 transaction of $1,133,318.55. Following the sale, the director owned 80,000 shares in the company, valued at approximately $2,436,000. This represents a 31.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 64,219 shares of company stock valued at $1,928,089. 3.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited provides spa, wellness, beauty, and fitness services primarily aboard cruise ships and at resort destinations. Its offerings include massage and other spa treatments, salon services, fitness programs, and wellness experiences. The company also sells beauty, skincare, and wellness products through its onboard and resort operations. Its services are delivered through partnerships with cruise lines and hospitality operators, serving travelers across destinations worldwide.