Diamond Hill Capital Sells Portion of Stake in Steiner Leisure

Investment adviser reduces position by nearly 7%

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Oct 14, 2015
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Columbus, Ohio-based Diamond Hill Capital (Trades, Portfolio) Management reduced its stake in Steiner Leisure Ltd. (STNR, Financial), a Coral Gables, Fla.-based provider of spa services, maker of spa-related products and accredited educator of students wanting to learn the skills to be a spa professional, by nearly 7% on Sept. 30.

Diamond Hill Capital (Trades, Portfolio) Management sold 87,979 shares of Steiner Leisure for $63.18 per share. The sale had a -0.04% impact on Diamond Hill’s portfolio.

Steiner Leisure has a market cap of $825.4 million and an enterprise value of $886.17 million. It has a forward P/E of 15.5, a P/B of 4.5 and a P/S of 1.0. GuruFocus has given Steiner Leisure a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.

Diamond Hill Capital (Trades, Portfolio) Management is Steiner Leisure’s leading shareholder among the gurus. Ron Baron (Trades, Portfolio) and Jim Simons (Trades, Portfolio) also have shares of Steiner Leisure in their portfolios.

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Steiner Leisure sold for $64.35 per share late Wednesday.

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