First Trust Advisors LP Cuts Stock Position in OneSpaWorld Holdings Limited $OSW

First Trust Advisors LP trimmed its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 1.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,121,941 shares of the company’s stock after selling 32,646 shares during the quarter. First Trust Advisors LP’s holdings in OneSpaWorld were worth $43,266,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OSW. Moran Wealth Management LLC boosted its stake in OneSpaWorld by 1.5% in the second quarter. Moran Wealth Management LLC now owns 37,045 shares of the company’s stock worth $755,000 after buying an additional 543 shares in the last quarter. Sheets Smith Wealth Management raised its position in OneSpaWorld by 1.9% in the 2nd quarter. Sheets Smith Wealth Management now owns 34,846 shares of the company’s stock worth $711,000 after purchasing an additional 647 shares during the period. Rhumbline Advisers lifted its stake in OneSpaWorld by 0.5% in the second quarter. Rhumbline Advisers now owns 138,938 shares of the company’s stock worth $2,833,000 after purchasing an additional 731 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in OneSpaWorld by 6.8% in the second quarter. Simon Quick Advisors LLC now owns 13,340 shares of the company’s stock worth $272,000 after purchasing an additional 853 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its position in OneSpaWorld by 8.5% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 12,955 shares of the company’s stock valued at $264,000 after buying an additional 1,010 shares during the period. Institutional investors own 95.98% of the company’s stock.

Insider Activity

In other news, Director Andrew R. Heyer sold 20,000 shares of OneSpaWorld stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $20.19, for a total transaction of $403,800.00. Following the sale, the director owned 509,817 shares of the company’s stock, valued at approximately $10,293,205.23. The trade was a 3.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Lazarus sold 8,569 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total transaction of $180,977.28. Following the transaction, the chief executive officer owned 351,250 shares in the company, valued at $7,418,400. This represents a 2.38% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on OSW shares. Wall Street Zen downgraded OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Cowen reaffirmed a “buy” rating on shares of OneSpaWorld in a research note on Friday, October 31st. TD Cowen boosted their price objective on OneSpaWorld from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Northcoast Research set a $28.00 target price on shares of OneSpaWorld and gave the stock a “buy” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneSpaWorld in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $24.60.

OneSpaWorld Trading Down 0.4%

NASDAQ OSW opened at $19.95 on Tuesday. The stock has a market cap of $2.03 billion, a P/E ratio of 28.10 and a beta of 1.06. OneSpaWorld Holdings Limited has a fifty-two week low of $14.21 and a fifty-two week high of $23.49. The stock has a 50 day simple moving average of $20.91 and a two-hundred day simple moving average of $21.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.84.

OneSpaWorld (NASDAQ:OSW) last announced its earnings results on Wednesday, October 29th. The company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. OneSpaWorld had a return on equity of 16.38% and a net margin of 7.90%.The company had revenue of $258.52 million during the quarter, compared to the consensus estimate of $258.41 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts forecast that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

OneSpaWorld Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. This is a positive change from OneSpaWorld’s previous quarterly dividend of $0.04. OneSpaWorld’s dividend payout ratio is 28.17%.

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.