OneSpaWorld Holdings Limited (NASDAQ:OSW) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in OneSpaWorld by 27.3% during the 1st quarter, owning approximately 0.09% of the company worth $1.65 million after selling 36,958 shares.
• Several institutional investors increased their stakes in OneSpaWorld, including Amalgamated Bank, which grew its holdings by 22.2%, and GAMMA Investing LLC, which increased its stake by an impressive 2,005.8%.
• Analysts have a consensus "Buy" rating for OneSpaWorld, with target prices set between $21.00 and $25.00, reflecting a positive outlook for the company's future performance.

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,488 shares of the company's stock after selling 36,958 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of OneSpaWorld worth $1,654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Amalgamated Bank lifted its holdings in OneSpaWorld by 22.2% in the 1st 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. Bessemer Group Inc. raised its holdings in shares of OneSpaWorld by 41,840.0% during the 1st quarter. Bessemer Group Inc. now owns 16,776 shares of the company's stock worth $282,000 after acquiring an additional 16,736 shares during the period. Deutsche Bank AG raised its holdings in shares of OneSpaWorld by 48.3% during the 4th quarter. Deutsche Bank AG now owns 88,588 shares of the company's stock worth $1,763,000 after acquiring an additional 28,857 shares during the period. Bank of America Corp DE raised its holdings in shares of OneSpaWorld by 4.0% during the 4th quarter. Bank of America Corp DE now owns 473,223 shares of the company's stock worth $9,417,000 after acquiring an additional 18,207 shares during the period. Finally, GAM Holding AG raised its holdings in OneSpaWorld by 7.9% in the 1st quarter. GAM Holding AG now owns 583,000 shares of the company's stock valued at $9,789,000 after buying an additional 42,500 shares during the period. Institutional investors and hedge funds own 95.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. William Blair reaffirmed an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. TD Securities cut their price target on shares of OneSpaWorld from $24.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Truist Financial boosted their price target on shares of OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Cowen reiterated a "buy" rating on shares of OneSpaWorld in a research note on Thursday, May 1st. Finally, Stifel Nicolaus boosted their price target on shares of OneSpaWorld from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $22.67.

OneSpaWorld Stock Performance

Shares of NASDAQ OSW traded down $0.33 during mid-day trading on Friday, hitting $21.79. 707,589 shares of the company were exchanged, compared to its average volume of 470,177. OneSpaWorld Holdings Limited has a 1-year low of $14.21 and a 1-year high of $23.17. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 32.04 and a beta of 1.38. The stock has a 50 day simple moving average of $20.45 and a 200-day simple moving average of $19.30. The company has a quick ratio of 1.06, a current ratio of 1.73 and a debt-to-equity ratio of 0.17.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $240.73 million for the quarter, compared to analysts' expectations of $238.28 million. OneSpaWorld had a net margin of 7.74% and a return on equity of 15.98%. The company's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. On average, sell-side analysts forecast that OneSpaWorld Holdings Limited will post 0.9 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 20th. OneSpaWorld's payout ratio is 23.53%.

Insider Activity

In related news, Director Walter Field Mclallen sold 2,500 shares of OneSpaWorld stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $19.33, for a total value of $48,325.00. Following the completion of the sale, the director owned 154,228 shares in the company, valued at approximately $2,981,227.24. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.00% of the company's stock.

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.