OneSpaWorld Holdings Limited $OSW Shares Sold by Ranger Investment Management L.P.

Ranger Investment Management L.P. lessened its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 47.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,326,925 shares of the company’s stock after selling 1,198,213 shares during the period. OneSpaWorld comprises approximately 1.9% of Ranger Investment Management L.P.’s holdings, making the stock its 21st biggest holding. Ranger Investment Management L.P. owned about 1.29% of OneSpaWorld worth $27,056,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in OSW. Virtus Advisers LLC purchased a new position in OneSpaWorld in the first quarter valued at about $67,000. Smartleaf Asset Management LLC boosted its position in shares of OneSpaWorld by 27.9% in the first quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company’s stock worth $109,000 after buying an additional 1,443 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of OneSpaWorld by 313.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,274 shares of the company’s stock valued at $189,000 after buying an additional 7,031 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of OneSpaWorld during the 2nd quarter valued at about $213,000. Finally, BNP Paribas Financial Markets lifted its position in OneSpaWorld by 48.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,497 shares of the company’s stock worth $214,000 after acquiring an additional 3,411 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OSW has been the subject of several recent research reports. Northcoast Research set a $28.00 price objective on shares of OneSpaWorld and gave the company a “buy” rating in a research report on Tuesday, October 7th. TD Cowen raised their price target on shares of OneSpaWorld from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of OneSpaWorld in a research note on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of OneSpaWorld in a research report on Monday, December 8th. Finally, Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $24.60.

Insider Buying and Selling

In other news, CEO Stephen Lazarus sold 8,569 shares of OneSpaWorld stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $21.12, for a total value of $180,977.28. Following the completion of the transaction, the chief executive officer owned 351,250 shares in the company, valued at approximately $7,418,400. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew R. Heyer sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $20.19, for a total value of $403,800.00. Following the sale, the director directly owned 509,817 shares in the company, valued at approximately $10,293,205.23. This represents a 3.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.90% of the company’s stock.

OneSpaWorld Trading Up 1.3%

NASDAQ OSW opened at $20.45 on Friday. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 28.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.09. OneSpaWorld Holdings Limited has a 12 month low of $14.21 and a 12 month high of $23.49. The company’s fifty day moving average price is $20.84 and its two-hundred day moving average price is $21.09.

OneSpaWorld (NASDAQ:OSW) last released its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. OneSpaWorld had a net margin of 7.90% and a return on equity of 16.38%. 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 previous year, the firm earned $0.26 EPS. The company’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts predict that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, November 19th. This is an increase from OneSpaWorld’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 1.0%. OneSpaWorld’s payout ratio is currently 28.17%.

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.