A number of other institutional investors have also recently modified their holdings of OSW. BlackRock Inc. acquired a new position in shares of OneSpaWorld during the 2nd quarter worth approximately $278,024,000. Bank of America Corp DE purchased a new position in shares of OneSpaWorld during the 2nd quarter valued at approximately $119,564,000. California State Teachers Retirement System grew its stake in OneSpaWorld by 2,323.6% in the 2nd quarter. California State Teachers Retirement System now owns 3,060,397 shares of the company’s stock valued at $86,426,000 after acquiring an additional 2,934,120 shares during the period. Reinhart Partners LLC. acquired a new stake in OneSpaWorld in the 4th quarter valued at $45,358,000. Finally, Neumeier Poma Investment Counsel LLC purchased a new stake in OneSpaWorld in the 2nd quarter worth $43,462,264. 95.98% of the stock is currently owned by institutional investors and hedge funds.
OneSpaWorld Price Performance OneSpaWorld stock opened at $21.74 on Monday. The company has a fifty day simple moving average of $25.62 and a 200-day simple moving average of $24.54. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 27.52 and a beta of 0.90. 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 52-week low of $19.06 and a 52-week high of $29.25.
OneSpaWorld (NASDAQ:OSW – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The firm had revenue of $261.25 million for the quarter, compared to analyst estimates of $260.93 million. During the same period in the previous year, the business posted $0.19 earnings per share. OneSpaWorld’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities analysts anticipate that OneSpaWorld Holdings Limited will post 1.05 EPS for the current fiscal year. OneSpaWorld Announces Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, August 19th. OneSpaWorld’s payout ratio is currently 25.32%.
Analyst Upgrades and Downgrades A number of research firms have weighed in on OSW. Stifel Nicolaus upped their price objective on shares of OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group lifted their target price on shares of OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Truist Financial boosted their target price on shares of OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Wall Street Zen downgraded shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $30.60.
View Our Latest Analysis on OSW
Insider Activity In related news, Director Andrew Heyer sold 4,781 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $26.07, for a total value of $124,640.67. Following the completion of the sale, the director owned 302,145 shares of the company’s stock, valued at approximately $7,876,920.15. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 60,000 shares of company stock valued at $1,583,927 in the last ninety days. 3.60% of the stock is owned by corporate insiders.
About OneSpaWorld (Free Report)
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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