US Bancorp DE Sells 783 Shares of OneSpaWorld Holdings Limited $OSW

US Bancorp DE reduced its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 15.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,442 shares of the company’s stock after selling 783 shares during the period. US Bancorp DE’s holdings in OneSpaWorld were worth $75,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in OSW. Amalgamated Bank increased its holdings in OneSpaWorld by 22.2% during the first quarter. Amalgamated Bank now owns 3,479 shares of the company’s stock worth $58,000 after buying an additional 631 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in OneSpaWorld during the fourth quarter worth about $81,000. GAMMA Investing LLC increased its holdings in OneSpaWorld by 2,005.8% during the first quarter. GAMMA Investing LLC now owns 8,697 shares of the company’s stock worth $146,000 after buying an additional 8,284 shares during the last quarter. MQS Management LLC purchased a new stake in OneSpaWorld during the first quarter worth about $185,000. Finally, Diversified Trust Co purchased a new stake in OneSpaWorld during the first quarter worth about $191,000. Hedge funds and other institutional investors own 95.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of OneSpaWorld from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Cowen restated a “buy” rating on shares of OneSpaWorld in a report on Thursday, May 1st. TD Securities reduced their target price on shares of OneSpaWorld from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. William Blair reiterated an “outperform” rating on shares of OneSpaWorld in a research note on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of OneSpaWorld from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $22.67.

Insider Activity at OneSpaWorld

In related news, Director Glenn Fusfield sold 13,586 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $22.05, for a total transaction of $299,571.30. Following the completion of the transaction, the director owned 202,353 shares of the company’s stock, valued at approximately $4,461,883.65. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter Field Mclallen sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $19.33, for a total transaction of $48,325.00. Following the transaction, the director directly owned 154,228 shares of the company’s stock, valued at approximately $2,981,227.24. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,210 shares of company stock valued at $873,112. 3.90% of the stock is owned by corporate insiders.

OneSpaWorld Price Performance

OSW opened at $21.92 on Tuesday. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 32.24 and a beta of 1.38. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $21.08 and a 200-day moving average price of $19.40. OneSpaWorld Holdings Limited has a twelve month low of $14.21 and a twelve month high of $23.17.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, July 30th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $240.73 million during the quarter, compared to the consensus estimate of $238.28 million. OneSpaWorld had a net margin of 7.74% and a return on equity of 15.93%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.20 earnings per share. Equities analysts expect that OneSpaWorld Holdings Limited will post 0.9 EPS for the current year.

OneSpaWorld Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.16 annualized dividend and a yield of 0.7%. OneSpaWorld’s payout ratio is currently 23.53%.

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.