Renaissance Technologies LLC Grows Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Renaissance Technologies LLC boosted its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 11.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,331,413 shares of the company’s stock after purchasing an additional 134,205 shares during the period. Renaissance Technologies LLC owned about 1.33% of OneSpaWorld worth $20,464,000 at the end of the most recent quarter.

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

Insider Buying and Selling at OneSpaWorld

In other OneSpaWorld news, Director Andrew R. Heyer sold 6,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 467,145 shares in the company, valued at $6,806,302.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.00% of the company’s stock.

OneSpaWorld Price Performance

NASDAQ:OSW opened at $16.62 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.49 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.67 billion, a P/E ratio of 61.56 and a beta of 2.14. OneSpaWorld Holdings Limited has a 12 month low of $9.82 and a 12 month high of $17.30. The business’s 50-day moving average is $15.80 and its 200 day moving average is $14.71.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, July 31st. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $224.89 million for the quarter, compared to the consensus estimate of $220.61 million. OneSpaWorld had a return on equity of 13.67% and a net margin of 6.26%. During the same period in the previous year, the business earned $0.13 earnings per share. On average, equities research analysts forecast that OneSpaWorld Holdings Limited will post 0.73 earnings per share for the current fiscal year.

OneSpaWorld Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on OSW shares. TD Cowen raised their price target on OneSpaWorld from $16.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Truist Financial raised their price target on OneSpaWorld from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, June 12th.

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.