Sheets Smith Wealth Management lowered its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW – Free Report) by 100.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12 shares of the company’s stock after selling 31,239 shares during the quarter. Sheets Smith Wealth Management’s holdings in OneSpaWorld were worth $375,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marble Harbor Investment Counsel LLC grew its holdings in shares of OneSpaWorld by 3.7% during the first quarter. Marble Harbor Investment Counsel LLC now owns 84,800 shares of the company’s stock worth $1,017,000 after buying an additional 3,000 shares during the last quarter. Globeflex Capital L P purchased a new stake in shares of OneSpaWorld during the 4th quarter worth approximately $1,859,000. Stormborn Capital Management LLC boosted its stake in shares of OneSpaWorld by 3.4% during the 4th quarter. Stormborn Capital Management LLC now owns 1,084,663 shares of the company’s stock worth $10,120,000 after acquiring an additional 35,484 shares in the last quarter. Ranger Investment Management L.P. purchased a new stake in shares of OneSpaWorld during the 1st quarter worth approximately $3,714,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of OneSpaWorld during the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 99.64% of the company’s stock.
Analyst Upgrades and Downgrades
OSW has been the subject of several research reports. Loop Capital upgraded OneSpaWorld from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, June 21st. Truist Financial boosted their price target on OneSpaWorld from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, August 21st.
In related news, Director Leisure Ltd Steiner sold 3,200,000 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $10.29, for a total transaction of $32,928,000.00. Following the sale, the director now owns 7,960,760 shares in the company, valued at $81,916,220.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other OneSpaWorld news, Director Leisure Ltd Steiner sold 3,200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $10.29, for a total value of $32,928,000.00. Following the sale, the director now owns 7,960,760 shares in the company, valued at $81,916,220.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walter Field Mclallen sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $11.83, for a total transaction of $295,750.00. Following the completion of the sale, the director now owns 243,080 shares in the company, valued at approximately $2,875,636.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,279,658 shares of company stock worth $33,856,163. 6.70% of the stock is currently owned by corporate insiders.
OneSpaWorld Stock Up 0.5 %
Shares of OneSpaWorld stock opened at $11.66 on Monday. The company has a fifty day moving average price of $11.73 and a 200 day moving average price of $11.59. The company has a current ratio of 1.71, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. OneSpaWorld Holdings Limited has a twelve month low of $7.92 and a twelve month high of $13.01. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -68.59 and a beta of 1.95.
OneSpaWorld (NASDAQ:OSW – Get Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $200.51 million during the quarter, compared to analysts’ expectations of $189.37 million. OneSpaWorld had a negative net margin of 2.17% and a positive return on equity of 10.94%. Equities research analysts forecast that OneSpaWorld Holdings Limited will post 0.5 earnings per share for the current fiscal year.
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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