Bailard Inc. Sells 900 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Bailard Inc. reduced its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,100 shares of the company’s stock after selling 900 shares during the period. Bailard Inc.’s holdings in OneSpaWorld were worth $269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OSW. Raymond James & Associates lifted its stake in OneSpaWorld by 23.4% during the third quarter. Raymond James & Associates now owns 40,460 shares of the company’s stock worth $454,000 after purchasing an additional 7,672 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in OneSpaWorld by 12.1% in the third quarter. Bank of New York Mellon Corp now owns 358,245 shares of the company’s stock worth $4,020,000 after buying an additional 38,579 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in OneSpaWorld by 19.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,477 shares of the company’s stock valued at $219,000 after acquiring an additional 3,226 shares during the last quarter. BluePath Capital Management LLC purchased a new position in shares of OneSpaWorld during the third quarter worth approximately $37,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of OneSpaWorld in the 3rd quarter worth approximately $1,732,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

OneSpaWorld Stock Performance

Shares of OneSpaWorld stock opened at $12.78 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.57. The company’s 50 day moving average price is $12.98 and its 200-day moving average price is $12.72. OneSpaWorld Holdings Limited has a 52-week low of $9.82 and a 52-week high of $15.12.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The firm had revenue of $194.81 million for the quarter, compared to the consensus estimate of $197.65 million. OneSpaWorld had a negative net margin of 0.37% and a positive return on equity of 12.49%. On average, sell-side analysts forecast that OneSpaWorld Holdings Limited will post 0.65 EPS for the current year.

Insiders Place Their Bets

In related news, Director Andrew R. Heyer sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $13.00, for a total transaction of $117,000.00. Following the completion of the transaction, the director now owns 473,145 shares in the company, valued at $6,150,885. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Andrew R. Heyer sold 9,000 shares of OneSpaWorld stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $13.00, for a total transaction of $117,000.00. Following the sale, the director now owns 473,145 shares of the company’s stock, valued at approximately $6,150,885. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maryam Banikarim sold 6,411 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $13.07, for a total transaction of $83,791.77. Following the completion of the transaction, the director now directly owns 75,765 shares of the company’s stock, valued at $990,248.55. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

OSW has been the topic of several recent research reports. Truist Financial increased their target price on shares of OneSpaWorld from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, January 5th. Stifel Nicolaus lifted their price objective on OneSpaWorld from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th.

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.