OneSpaWorld (NASDAQ:OSW) Director Andrew Heyer Sells 20,000 Shares of Stock

Key Points

• Director Andrew Heyer sold 20,000 OneSpaWorld shares at an average price of $26.45, generating $529,000 and reducing his stake by 4.02% to 478,099 shares.
• OneSpaWorld reported quarterly EPS of $0.29, topping estimates by $0.01, while revenue rose 8.5% year over year to $261.25 million.
• The stock fell 1.6% to $25.80, but analysts maintained a consensus “Buy” rating with an average price target of $30.60; the company also announced a quarterly dividend of $0.05 per share.

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) Director Andrew Heyer sold 20,000 shares of OneSpaWorld stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $26.45, for a total transaction of $529,000.00. Following the transaction, the director owned 478,099 shares in the company, valued at $12,645,718.55. The trade was a 4.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

OneSpaWorld Stock Down 1.6%

Shares of OSW traded down $0.41 during mid-day trading on Monday, reaching $25.80. 589,311 shares of the stock traded hands, compared to its average volume of 999,505. 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 stock has a fifty day simple moving average of $26.36 and a 200 day simple moving average of $23.89. The company has a quick ratio of 1.93, a current ratio of 2.91 and a debt-to-equity ratio of 0.14. OneSpaWorld Holdings Limited has a 12-month low of $19.06 and a 12-month high of $29.25.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share 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 net margin of 8.02% and a return on equity of 18.36%. The business's revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. Sell-side analysts expect that OneSpaWorld Holdings Limited will post 1.05 EPS for the current fiscal year.

OneSpaWorld Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders 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 dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th. OneSpaWorld's dividend payout ratio is 25.32%.

Analysts Set New Price Targets

Several research analysts have recently commented on OSW shares. TD Cowen lifted their target price on OneSpaWorld from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Wall Street Zen lowered shares of OneSpaWorld from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. Weiss Ratings restated a "buy (b)" rating on shares of OneSpaWorld in a research note on Friday, July 31st. Truist Financial upped their target price 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 raised their price objective on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $30.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSW. Bessemer Group Inc. raised its position in OneSpaWorld by 30.3% during the first quarter. Bessemer Group Inc. now owns 1,468,100 shares of the company's stock valued at $33,692,000 after acquiring an additional 341,632 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of OneSpaWorld by 814.1% in the first quarter. Principal Financial Group Inc. now owns 539,387 shares of the company's stock valued at $12,379,000 after purchasing an additional 480,378 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in OneSpaWorld in the 1st quarter valued at approximately $1,037,000. Moran Wealth Management LLC increased its position in OneSpaWorld by 318.4% during the first quarter. Moran Wealth Management LLC now owns 180,220 shares of the company's stock worth $4,136,000 after acquiring an additional 137,148 shares during the period. Finally, Bank of America Corp DE increased its position in OneSpaWorld by 395.0% during the first quarter. Bank of America Corp DE now owns 3,987,390 shares of the company's stock worth $91,511,000 after acquiring an additional 3,181,857 shares during the period. 95.98% of the stock is owned by hedge funds and other institutional investors.

OneSpaWorld Company Profile

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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