55,041 Shares in OneSpaWorld Holdings Limited $OSW Purchased by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC acquired 55,041 OneSpaWorld shares worth approximately $1.55 million, joining other institutional investors that increased their positions. Institutions and hedge funds collectively own 95.98% of OSW.
• OneSpaWorld exceeded quarterly expectations, reporting $0.29 in EPS and $261.25 million in revenue, with revenue up 8.5% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $30.60.
• OSW shares opened at $21.70, down 1.6%, while the company continued its quarterly dividend of $0.05 per share, equivalent to a 0.9% annualized yield.

Squarepoint Ops LLC acquired a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 55,041 shares of the company's stock, valued at approximately $1,554,000. Squarepoint Ops LLC owned about 0.05% of OneSpaWorld at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Diversified Trust Co increased its position in OneSpaWorld by 4.2% during the first quarter. Diversified Trust Co now owns 21,027 shares of the company's stock worth $483,000 after buying an additional 850 shares in the last quarter. Sheets Smith Wealth Management lifted its position in shares of OneSpaWorld by 3.4% in the second quarter. Sheets Smith Wealth Management now owns 36,018 shares of the company's stock valued at $1,017,000 after acquiring an additional 1,172 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in OneSpaWorld by 111.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company's stock worth $49,000 after purchasing an additional 1,244 shares in the last quarter. Global Retirement Partners LLC acquired a new position in OneSpaWorld in the 2nd quarter valued at about $38,000. Finally, Keybank National Association OH raised its stake in OneSpaWorld by 6.3% in the 1st quarter. Keybank National Association OH now owns 24,455 shares of the company's stock valued at $561,000 after purchasing an additional 1,456 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

OneSpaWorld Stock Down 1.6%

Shares of OneSpaWorld stock opened at $21.70 on Wednesday. OneSpaWorld Holdings Limited has a twelve month low of $19.06 and a twelve month high of $29.25. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 27.47 and a beta of 0.90. 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 company has a fifty day moving average price of $25.39 and a 200 day moving average price of $24.54.

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

OneSpaWorld Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a $0.05 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. OneSpaWorld's payout ratio is currently 25.32%.

Analyst Upgrades and Downgrades

Several research firms have commented on OSW. Wall Street Zen cut shares of OneSpaWorld from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. Truist Financial increased their price target on OneSpaWorld from $28.00 to $29.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Jefferies Financial Group lifted their price objective on OneSpaWorld from $31.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, June 18th. Stifel Nicolaus upped their target price on OneSpaWorld from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of OneSpaWorld in a research note on Friday, July 31st. One 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $30.60.

Insiders Place Their Bets

In other news, Director Andrew Heyer sold 25,219 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $26.42, for a total transaction of $666,285.98. Following the completion of the sale, the director directly owned 306,926 shares in the company, valued at $8,108,984.92. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 60,000 shares of company stock valued at $1,583,927. Corporate insiders own 3.60% of the company's stock.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited NASDAQ: OSW provides health, wellness and beauty services primarily to the cruise and resort industries. The company operates spas, salons, fitness centers and wellness facilities, offering services such as massages, facials, beauty treatments, hair and nail care, fitness programs and other personal-care experiences.

Its operations also include medi-spa and wellness services, retail sales of skincare and beauty products, and related programs designed for vacation and leisure environments.

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