William Blair Investment Management LLC Purchases 117,241 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

William Blair Investment Management LLC grew its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 8.0% during the second quarter, Holdings Channel reports. The institutional investor owned 1,588,152 shares of the company’s stock after buying an additional 117,241 shares during the period. William Blair Investment Management LLC’s holdings in OneSpaWorld were worth $24,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. American Century Companies Inc. raised its holdings in shares of OneSpaWorld by 3.8% during the 2nd quarter. American Century Companies Inc. now owns 193,320 shares of the company’s stock worth $2,971,000 after acquiring an additional 7,090 shares in the last quarter. Emerald Advisers LLC increased its stake in shares of OneSpaWorld by 9.0% during the second quarter. Emerald Advisers LLC now owns 63,188 shares of the company’s stock valued at $971,000 after buying an additional 5,238 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in shares of OneSpaWorld by 5.3% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 573,749 shares of the company’s stock valued at $8,819,000 after buying an additional 29,011 shares during the period. One Wealth Management Investment & Advisory Services LLC increased its stake in shares of OneSpaWorld by 9.8% during the second quarter. One Wealth Management Investment & Advisory Services LLC now owns 221,042 shares of the company’s stock valued at $3,397,000 after buying an additional 19,800 shares during the period. Finally, Rhumbline Advisers boosted its position in OneSpaWorld by 25.1% during the second quarter. Rhumbline Advisers now owns 134,538 shares of the company’s stock valued at $2,068,000 after purchasing an additional 27,027 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Andrew R. Heyer sold 6,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was 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 directly owns 467,145 shares of the company’s stock, valued at approximately $6,806,302.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.00% of the company’s stock.

OneSpaWorld Stock Performance

NASDAQ OSW opened at $15.90 on Monday. The stock’s fifty day moving average is $15.73 and its two-hundred day moving average is $14.62. The firm has a market capitalization of $1.60 billion, a P/E ratio of 58.89 and a beta of 2.14. 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 Holdings Limited has a fifty-two week low of $9.82 and a fifty-two week high of $17.30.

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

OneSpaWorld Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued 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 dividend yield of 1.01%. OneSpaWorld’s payout ratio is currently 59.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Cowen raised their price objective on OneSpaWorld from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus lifted their target price on OneSpaWorld from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Truist Financial lifted their price target on OneSpaWorld from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th.

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.