OneSpaWorld (NASDAQ:OSW) Director Sells $101,050.00 in Stock

Key Points

  • Director Walter Field Mclallen sold 5,000 shares at an average price of $20.21 for $101,050, cutting his stake by 3.13% to 154,882 shares.
  • OneSpaWorld beat or met expectations with Q results (EPS $0.29; revenue up 7% to $258.5M) and raised its quarterly dividend to $0.05 (annualized $0.20, yield 0.9%).
  • Shares trade around $21.14 with a market cap of $2.16B; the consensus analyst rating is Buy (target $24.60), and institutional investors own about 96% of the stock (Ariel Investments holds 13.2M shares).

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) Director Walter Field Mclallen sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $20.21, for a total transaction of $101,050.00. Following the transaction, the director directly owned 154,882 shares of the company's stock, valued at $3,130,165.22. This represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

OneSpaWorld Trading Up 3.4%

NASDAQ:OSW opened at $21.14 on Tuesday. OneSpaWorld Holdings Limited has a 12 month low of $14.21 and a 12 month high of $23.49. The company has a current ratio of 1.84, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The firm's 50 day moving average is $20.85 and its 200 day moving average is $21.11. The stock has a market capitalization of $2.16 billion, a PE ratio of 29.77 and a beta of 1.06.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.29. The business had revenue of $258.52 million during the quarter, compared to the consensus estimate of $258.41 million. OneSpaWorld had a return on equity of 16.38% and a net margin of 7.90%.The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share. Sell-side analysts expect that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

OneSpaWorld Increases Dividend




The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. This is an increase from OneSpaWorld's previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, November 19th. OneSpaWorld's payout ratio is presently 28.17%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OSW. Cowen reiterated a "buy" rating on shares of OneSpaWorld in a research note on Friday, October 31st. Northcoast Research set a $28.00 price target on OneSpaWorld and gave the company a "buy" rating in a research report on Tuesday, October 7th. TD Cowen boosted their price objective on OneSpaWorld from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, October 31st. Wall Street Zen downgraded OneSpaWorld from a "buy" rating to a "hold" rating in a research note on Sunday, November 30th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of OneSpaWorld in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $24.60.

Check Out Our Latest Stock Report on OneSpaWorld

Institutional Trading of OneSpaWorld

Institutional investors and hedge funds have recently modified their holdings of the business. Ariel Investments LLC grew its holdings in shares of OneSpaWorld by 23.3% during the second quarter. Ariel Investments LLC now owns 13,213,156 shares of the company's stock worth $269,416,000 after purchasing an additional 2,499,851 shares in the last quarter. Channing Capital Management LLC raised its stake in OneSpaWorld by 14.7% in the first quarter. Channing Capital Management LLC now owns 3,251,124 shares of the company's stock valued at $54,586,000 after purchasing an additional 416,609 shares in the last quarter. First Trust Advisors LP lifted its position in OneSpaWorld by 45.6% during the third quarter. First Trust Advisors LP now owns 3,088,830 shares of the company's stock valued at $65,298,000 after purchasing an additional 966,889 shares during the last quarter. American Century Companies Inc. grew its stake in OneSpaWorld by 2.7% in the 3rd quarter. American Century Companies Inc. now owns 3,055,737 shares of the company's stock worth $64,598,000 after buying an additional 79,259 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of OneSpaWorld by 9.3% in the 1st quarter. Vanguard Group Inc. now owns 2,982,065 shares of the company's stock worth $50,069,000 after buying an additional 253,112 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company's stock.

About OneSpaWorld

(Get Free Report)

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.

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