Victory Capital Management Inc. Sells 12,362 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Victory Capital Management Inc. trimmed its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 17.3% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 59,117 shares of the company’s stock after selling 12,362 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of OneSpaWorld worth $909,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in OneSpaWorld in the first quarter worth about $773,000. Eagle Asset Management Inc. boosted its position in OneSpaWorld by 8.5% in the fourth quarter. Eagle Asset Management Inc. now owns 1,992,947 shares of the company’s stock worth $28,101,000 after purchasing an additional 155,517 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in OneSpaWorld in the second quarter worth about $633,000. Mutual of America Capital Management LLC purchased a new position in OneSpaWorld in the first quarter worth about $7,505,000. Finally, New South Capital Management Inc. boosted its position in OneSpaWorld by 10.4% in the first 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. 95.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on OSW. TD Cowen raised their target price on OneSpaWorld from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Truist Financial lifted their price objective on OneSpaWorld from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th.

Insiders Place Their Bets

In other OneSpaWorld news, Director Andrew R. Heyer sold 6,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 467,145 shares in the company, valued at approximately $6,806,302.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is currently owned by corporate insiders.

OneSpaWorld Stock Down 0.8 %

OSW stock opened at $16.62 on Friday. The business’s 50-day moving average price is $15.80 and its 200-day moving average price is $14.71. The company has a quick ratio of 1.49, a current ratio of 2.03 and a debt-to-equity ratio of 0.23. OneSpaWorld Holdings Limited has a twelve month low of $9.82 and a twelve month high of $17.30. The stock has a market cap of $1.67 billion, a P/E ratio of 61.56 and a beta of 2.14.

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

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders 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 annualized dividend and a yield of 0.96%. OneSpaWorld’s payout ratio is 59.26%.

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.