Canada Pension Plan Investment Board Buys Shares of 33,600 OneSpaWorld Holdings Limited (NASDAQ:OSW)

Canada Pension Plan Investment Board purchased a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 33,600 shares of the company’s stock, valued at approximately $516,000.

Other hedge funds also recently made changes to their positions in the company. Olympiad Research LP purchased a new position in shares of OneSpaWorld in the fourth quarter valued at $141,000. Principal Financial Group Inc. purchased a new position in shares of OneSpaWorld in the first quarter valued at $148,000. Allspring Global Investments Holdings LLC grew its position in shares of OneSpaWorld by 13,242.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 11,341 shares of the company’s stock valued at $174,000 after purchasing an additional 11,256 shares in the last quarter. ProShare Advisors LLC grew its position in shares of OneSpaWorld by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,997 shares of the company’s stock valued at $198,000 after purchasing an additional 1,181 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of OneSpaWorld in the first quarter valued at $221,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at OneSpaWorld

In other news, Director Andrew R. Heyer sold 6,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $14.57, for a total value of $87,420.00. Following the completion of the transaction, the director now directly owns 467,145 shares in the company, valued at approximately $6,806,302.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Stephen Lazarus sold 170,339 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $16.91, for a total value of $2,880,432.49. Following the completion of the sale, the chief financial officer now owns 556,581 shares of the company’s stock, valued at approximately $9,411,784.71. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andrew R. Heyer sold 6,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $14.57, for a total value of $87,420.00. Following the completion of the sale, the director now directly owns 467,145 shares of the company’s stock, valued at approximately $6,806,302.65. The disclosure for this sale can be found here. In the last three months, insiders sold 184,904 shares of company stock worth $3,111,316. 5.00% of the stock is currently owned by corporate insiders.

OneSpaWorld Price Performance

OneSpaWorld stock opened at $16.56 on Friday. OneSpaWorld Holdings Limited has a 52 week low of $9.82 and a 52 week high of $17.30. The business has a 50-day simple moving average of $15.81 and a 200 day simple moving average of $14.85. The company has a quick ratio of 1.49, a current ratio of 2.03 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 61.34 and a beta of 2.14.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. OneSpaWorld had a return on equity of 13.67% and a net margin of 6.26%. The firm had revenue of $224.89 million during the quarter, compared to analysts’ expectations of $220.61 million. During the same period in the prior year, the business earned $0.13 EPS. On average, research analysts forecast that OneSpaWorld Holdings Limited will post 0.73 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 4th. Stockholders of record on Wednesday, August 21st were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, August 21st. OneSpaWorld’s payout ratio is currently 59.26%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OSW. Truist Financial lifted their price target on OneSpaWorld from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. TD Cowen boosted their target price on OneSpaWorld from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

OneSpaWorld Profile

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.