Y Intercept Hong Kong Ltd Buys 31,339 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Key Points

• Y Intercept Hong Kong Ltd increased its stake in OneSpaWorld Holdings Limited by 313.1%, acquiring an additional 31,339 shares to bring its total holdings to 41,349 shares worth $694,000.
• Recent analyst ratings for OneSpaWorld indicate a consensus of "Buy" with an average price target of $21.25, with several firms adjusting their price objectives upward.
• OneSpaWorld recently declared a quarterly dividend of $0.04 per share, yielding 0.72%, while its payout ratio stands at 25%.

Y Intercept Hong Kong Ltd boosted its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 313.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,349 shares of the company's stock after purchasing an additional 31,339 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in OneSpaWorld were worth $694,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in OSW. Amalgamated Bank lifted its holdings in shares of OneSpaWorld by 22.2% in the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock valued at $58,000 after purchasing an additional 631 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of OneSpaWorld in the fourth quarter valued at approximately $81,000. GAMMA Investing LLC lifted its holdings in shares of OneSpaWorld by 2,005.8% in the first quarter. GAMMA Investing LLC now owns 8,697 shares of the company's stock valued at $146,000 after purchasing an additional 8,284 shares in the last quarter. MQS Management LLC bought a new position in shares of OneSpaWorld in the first quarter valued at approximately $185,000. Finally, Diversified Trust Co bought a new position in shares of OneSpaWorld in the first quarter valued at approximately $191,000. 95.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other OneSpaWorld news, Director Walter Field Mclallen sold 14,189 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $19.35, for a total transaction of $274,557.15. Following the completion of the transaction, the director owned 156,728 shares of the company's stock, valued at $3,032,686.80. This represents a 8.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.00% of the stock is owned by insiders.

OneSpaWorld Trading Up 2.2%

Shares of NASDAQ OSW traded up $0.48 during midday trading on Wednesday, reaching $22.23. The company had a trading volume of 688,708 shares, compared to its average volume of 412,559. OneSpaWorld Holdings Limited has a one year low of $14.21 and a one year high of $23.17. The company has a quick ratio of 1.06, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. The firm's fifty day moving average price is $20.32 and its 200-day moving average price is $19.26. The stock has a market cap of $2.28 billion, a PE ratio of 34.73 and a beta of 1.41.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $240.73 million during the quarter, compared to analyst estimates of $238.28 million. OneSpaWorld had a return on equity of 15.28% and a net margin of 7.41%. OneSpaWorld's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 EPS. On average, equities research analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on OSW shares. Stifel Nicolaus increased their price target on OneSpaWorld from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. William Blair reaffirmed an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Truist Financial increased their price target on OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, June 9th. TD Securities decreased their price target on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Cowen reaffirmed a "buy" rating on shares of OneSpaWorld in a research report on Thursday, May 1st. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $21.25.

About OneSpaWorld

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.