Diamond Hill Capital Raises Exposure To Hub Group Inc (HUBG); Cuts Steiner Leisure Ltd (STNR) Stake

Let’s talk about Steiner Leisure Ltd (NASDAQ:STNR), in which Diamond Hill disclosed reducing its passive stake to 5.4% from 10.3%.

Steiner Leisure Ltd (NASDAQ:STNR) is engaged in providing spa services, including traditional and alternative massage, body and skin treatment options, fitness, acupuncture, medi-spa treatments and laser hair removal. The company is located in Florida, and has a market cap of nearly $626 million. In December, Steiner Leisure Ltd (NASDAQ:STNR) announced the appointment of Stephen Lazarus as chief operating officer and chief financial officer. Mr. Lazarus had served as executive vice president and chief financial officer since 2006.

Other investor that see value in Steiner Leisure Ltd (NASDAQ:STNR) include Basswood Capital, run by Matthew Lindenbaum, which disclosed owning 82,588 shares of the company as of the end of the third quarter of 2014. Whitebox Advisors, led by Andy Redleaf, held 24,600 shares of the company as of the end of September 2014.

In December 2014, Steiner Leisure Ltd (NASDAQ:STNR) Director Michael Indursky reported selling an aggregate of 5,000 shares of the company in a couple of transactions. The shares were sold at an average price of around $43 apiece. Following the sale, Indursky owns 23,900 shares of the company.

On Monday, Steiner Leisure Ltd (NASDAQ:STNR) is trading at $45.85. The stock lost nearly 5% during last year. However, it improved in last six months, moving up by 13.56%. The consensus average target price for the stock is $52.67, while the consensus average recommendation ‘Buy.’

Disclosure: none