OneSpaWorld Holdings Limited (NASDAQ:OSW) Stake Reduced by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lowered its position in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 12.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 501,439 shares of the company's stock after selling 72,310 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.50% of OneSpaWorld worth $8,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP increased its position in shares of OneSpaWorld by 178.9% in the second quarter. Quarry LP now owns 4,306 shares of the company's stock worth $66,000 after acquiring an additional 2,762 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in OneSpaWorld in the 1st quarter valued at $148,000. Allspring Global Investments Holdings LLC increased its holdings in OneSpaWorld by 13,242.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,341 shares of the company's stock valued at $174,000 after purchasing an additional 11,256 shares in the last quarter. ProShare Advisors LLC raised its position in OneSpaWorld by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,997 shares of the company's stock valued at $198,000 after purchasing an additional 1,181 shares during the period. Finally, Morse Asset Management Inc acquired a new position in shares of OneSpaWorld during the second quarter worth about $200,000. Hedge funds and other institutional investors own 95.98% of the company's stock.

Insider Buying and Selling at OneSpaWorld

In other news, Director Andrew R. Heyer sold 6,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $14.57, for a total transaction of $87,420.00. Following the completion of the transaction, the director now directly owns 467,145 shares in the company, valued at approximately $6,806,302.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Andrew R. Heyer sold 6,000 shares of the business's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $14.57, for a total value of $87,420.00. Following the completion of the sale, the director now owns 467,145 shares of the company's stock, valued at approximately $6,806,302.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen Lazarus sold 170,339 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $16.91, for a total transaction of $2,880,432.49. Following the transaction, the chief financial officer now directly owns 556,581 shares in the company, valued at $9,411,784.71. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 250,810 shares of company stock worth $4,331,236 in the last 90 days. 5.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, TD Cowen increased their target price on OneSpaWorld from $16.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, August 1st.

OneSpaWorld Stock Up 0.4 %

Shares of OSW stock traded up $0.07 on Friday, hitting $17.58. The stock had a trading volume of 617,083 shares, compared to its average volume of 427,985. The stock's 50 day moving average is $16.50 and its 200-day moving average is $15.61. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 35.88 and a beta of 2.13. OneSpaWorld Holdings Limited has a 52-week low of $10.23 and a 52-week high of $18.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.49 and a current ratio of 2.03.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. OneSpaWorld had a net margin of 5.86% and a return on equity of 14.47%. The company had revenue of $224.89 million during the quarter, compared to analysts' expectations of $220.61 million. During the same period in the prior year, the company posted $0.13 EPS. As a group, research analysts expect that OneSpaWorld Holdings Limited will post 0.73 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, November 20th. OneSpaWorld's dividend payout ratio is currently 32.65%.

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.