Andrew Heyer Sells 4,781 Shares of OneSpaWorld (NASDAQ:OSW) Stock

Key Points

• Director Andrew Heyer sold 4,781 OneSpaWorld shares for approximately $124,641, reducing his position by 1.56% to 302,145 shares.
• OneSpaWorld exceeded quarterly expectations, reporting $0.29 in EPS and $261.25 million in revenue; revenue increased 8.5% year over year.
• The company declared a quarterly dividend of $0.05 per share, while analysts maintained a consensus “Buy” rating with a $30.60 price target.

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) Director Andrew Heyer sold 4,781 shares of OneSpaWorld stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $26.07, for a total value of $124,640.67. Following the sale, the director directly owned 302,145 shares of the company's stock, valued at approximately $7,876,920.15. This represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

OneSpaWorld Stock Performance

Shares of OSW stock traded down $0.41 during mid-day trading on Monday, reaching $25.80. The stock had a trading volume of 589,311 shares, compared to its average volume of 999,505. OneSpaWorld Holdings Limited has a 1-year low of $19.06 and a 1-year high of $29.25. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 32.66 and a beta of 0.91. The company has a current ratio of 2.91, a quick ratio of 1.93 and a debt-to-equity ratio of 0.14. The business's fifty day moving average is $26.36 and its 200-day moving average is $23.89.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $261.25 million during the quarter, compared to the consensus estimate of $260.93 million. OneSpaWorld had a return on equity of 18.36% and a net margin of 8.02%.The company's revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, research analysts forecast that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. OneSpaWorld's payout ratio is presently 25.32%.

Institutional Investors Weigh In On OneSpaWorld

A number of hedge funds and other institutional investors have recently made changes to their positions in OSW. AQR Capital Management LLC boosted its holdings in OneSpaWorld by 41.4% during the first quarter. AQR Capital Management LLC now owns 25,286 shares of the company's stock worth $425,000 after buying an additional 7,398 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in OneSpaWorld by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,779 shares of the company's stock valued at $1,004,000 after buying an additional 2,612 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in OneSpaWorld by 50.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,015 shares of the company's stock valued at $3,577,000 after buying an additional 71,420 shares in the last quarter. Intech Investment Management LLC raised its position in shares of OneSpaWorld by 80.7% in the first quarter. Intech Investment Management LLC now owns 92,702 shares of the company's stock worth $1,556,000 after acquiring an additional 41,391 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in shares of OneSpaWorld during the 2nd quarter worth about $213,000. Institutional investors and hedge funds own 95.98% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on OSW shares. Weiss Ratings reiterated a "buy (b)" rating on shares of OneSpaWorld in a research note on Friday, July 31st. TD Cowen boosted their target price on shares of OneSpaWorld from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Jefferies Financial Group upped their price target on shares of OneSpaWorld from $31.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, June 18th. Truist Financial increased their price target on OneSpaWorld from $28.00 to $29.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus lifted their price objective on OneSpaWorld from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $30.60.

About OneSpaWorld

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.

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