OneSpaWorld Holdings Limited (NASDAQ:OSW) Stock Position Raised by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 799.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,236 shares of the company’s stock after buying an additional 74,872 shares during the quarter. Cubist Systematic Strategies LLC owned 0.08% of OneSpaWorld worth $1,295,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in OSW. Mutual of America Capital Management LLC acquired a new position in OneSpaWorld in the 1st quarter valued at approximately $7,505,000. Divisadero Street Capital Management LP acquired a new position in OneSpaWorld in the 2nd quarter valued at approximately $7,685,000. DAVENPORT & Co LLC increased its stake in shares of OneSpaWorld by 21.1% during the 1st quarter. DAVENPORT & Co LLC now owns 2,694,704 shares of the company’s stock worth $35,970,000 after purchasing an additional 470,415 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of OneSpaWorld during the 4th quarter worth $4,926,000. Finally, New South Capital Management Inc. increased its stake in shares of OneSpaWorld by 10.4% during the 1st quarter. New South Capital Management Inc. now owns 2,651,046 shares of the company’s stock worth $35,073,000 after purchasing an additional 250,217 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Stock Performance

NASDAQ:OSW opened at $16.28 on Wednesday. OneSpaWorld Holdings Limited has a 1 year low of $9.82 and a 1 year high of $17.30. The firm’s fifty day simple moving average is $15.79 and its 200 day simple moving average is $14.92. The company has a current ratio of 2.03, a quick ratio of 1.49 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.63 billion, a PE ratio of 60.30 and a beta of 2.14.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. OneSpaWorld had a net margin of 6.26% and a return on equity of 13.67%. The business had revenue of $224.89 million for the quarter, compared to analyst estimates of $220.61 million. During the same period last year, the business posted $0.13 EPS. On average, sell-side analysts anticipate that OneSpaWorld Holdings Limited will post 0.73 EPS for the current year.

OneSpaWorld Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.16 dividend on an annualized basis and a yield of 0.98%. OneSpaWorld’s payout ratio is presently 59.26%.

Insider Activity at OneSpaWorld

In other OneSpaWorld news, CFO Stephen Lazarus sold 170,339 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $16.91, for a total value of $2,880,432.49. Following the completion of the sale, the chief financial officer now directly owns 556,581 shares of the company’s stock, valued at approximately $9,411,784.71. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other OneSpaWorld news, CFO Stephen Lazarus sold 170,339 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $16.91, for a total value of $2,880,432.49. Following the completion of the sale, the chief financial officer now directly owns 556,581 shares of the company’s stock, valued at approximately $9,411,784.71. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew R. Heyer sold 6,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $14.57, for a total transaction of $87,420.00. Following the completion of the sale, the director now directly owns 467,145 shares of the company’s stock, valued at $6,806,302.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,904 shares of company stock worth $3,111,316. 5.00% of the stock is owned by insiders.

Analysts Set New Price Targets

OSW has been the topic of several analyst reports. Truist Financial increased their price target on shares of OneSpaWorld from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. TD Cowen increased their price target on shares of OneSpaWorld from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

OneSpaWorld Company 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.