OneSpaWorld Holdings Limited (NASDAQ:OSW) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lessened its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 37.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,509 shares of the company’s stock after selling 6,291 shares during the quarter. Point72 Asset Management L.P.’s holdings in OneSpaWorld were worth $162,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in OSW. Stifel Financial Corp increased its stake in shares of OneSpaWorld by 1.1% in the 4th quarter. Stifel Financial Corp now owns 404,122 shares of the company’s stock worth $5,698,000 after acquiring an additional 4,475 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in OneSpaWorld during the fourth quarter worth about $2,820,000. Ranger Investment Management L.P. raised its stake in OneSpaWorld by 4.2% during the fourth quarter. Ranger Investment Management L.P. now owns 2,898,255 shares of the company’s stock worth $40,865,000 after purchasing an additional 117,765 shares during the period. Palisade Capital Management LP boosted its holdings in OneSpaWorld by 12.1% in the 4th quarter. Palisade Capital Management LP now owns 1,360,514 shares of the company’s stock valued at $19,183,000 after purchasing an additional 147,278 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of OneSpaWorld in the 4th quarter valued at approximately $4,926,000. Hedge funds and other institutional investors own 95.98% of the company’s stock.

OneSpaWorld Price Performance

OneSpaWorld stock opened at $16.70 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.49 and a current ratio of 2.03. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 61.85 and a beta of 2.14. The company’s 50 day simple moving average is $15.78 and its 200-day simple moving average is $14.97. OneSpaWorld Holdings Limited has a 1 year low of $9.82 and a 1 year high of $17.30.

OneSpaWorld (NASDAQ:OSW) last announced its earnings results on Wednesday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, beating 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 company had revenue of $224.89 million for the quarter, compared to analyst estimates of $220.61 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. As a group, equities research analysts expect that OneSpaWorld Holdings Limited will post 0.73 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Wednesday, August 21st. OneSpaWorld’s dividend payout ratio (DPR) is 59.26%.

Insider Buying and Selling at OneSpaWorld

In other news, CFO Stephen Lazarus sold 170,339 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $16.91, for a total transaction of $2,880,432.49. Following the sale, the chief financial officer now owns 556,581 shares of the company’s stock, valued at approximately $9,411,784.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Andrew R. Heyer sold 6,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $14.57, for a total transaction of $87,420.00. Following the completion of the transaction, the director now directly owns 467,145 shares of the company’s stock, valued at $6,806,302.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen Lazarus sold 170,339 shares of the stock in a transaction dated Thursday, September 26th. The shares were 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 directly owns 556,581 shares in the company, valued at $9,411,784.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 184,904 shares of company stock valued at $3,111,316 in the last three months. 5.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

OSW has been the topic of several analyst reports. TD Cowen lifted their price target on shares of OneSpaWorld from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Truist Financial lifted their target price on OneSpaWorld from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th.

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.