Renaissance Group LLC Sells 17,234 Shares of OneSpaWorld Holdings Limited $OSW

Renaissance Group LLC lessened its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,895 shares of the company’s stock after selling 17,234 shares during the quarter. Renaissance Group LLC owned about 0.12% of OneSpaWorld worth $2,506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Virtus Advisers LLC acquired a new stake in shares of OneSpaWorld in the 1st quarter worth $67,000. Smartleaf Asset Management LLC boosted its holdings in 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 acquiring an additional 1,443 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of OneSpaWorld by 7.3% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,945 shares of the company’s stock worth $201,000 after acquiring an additional 815 shares during the last quarter. Strs Ohio acquired a new position in shares of OneSpaWorld during the first quarter valued at about $245,000. Finally, Simon Quick Advisors LLC raised its position in shares of OneSpaWorld by 6.8% in the 2nd quarter. Simon Quick Advisors LLC now owns 13,340 shares of the company’s stock valued at $272,000 after purchasing an additional 853 shares during the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

OneSpaWorld Stock Down 1.2%

NASDAQ:OSW opened at $19.81 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.09. The company’s fifty day moving average price is $21.36 and its 200-day moving average price is $20.94. OneSpaWorld Holdings Limited has a 1-year low of $14.21 and a 1-year high of $23.49. The firm has a market capitalization of $2.02 billion, a P/E ratio of 27.90 and a beta of 1.29.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $258.52 million during the quarter, compared to the consensus estimate of $258.41 million. OneSpaWorld had a net margin of 7.90% and a return on equity of 16.38%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. OneSpaWorld has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 EPS for the current year.

OneSpaWorld Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.0%. This is a positive change from OneSpaWorld’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, November 19th. OneSpaWorld’s dividend payout ratio is 22.54%.

Analysts Set New Price Targets

OSW has been the subject of a number of recent analyst reports. TD Cowen boosted their target price on shares of OneSpaWorld from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Northcoast Research set a $28.00 price objective on shares of OneSpaWorld and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Stifel Nicolaus boosted their price objective on shares of OneSpaWorld from $23.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneSpaWorld in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $24.60.

Insiders Place Their Bets

In other OneSpaWorld news, Director Glenn Fusfield sold 22,192 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $22.40, for a total value of $497,100.80. Following the completion of the transaction, the director directly owned 94,494 shares of the company’s stock, valued at approximately $2,116,665.60. The trade was a 19.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 81,439 shares of company stock worth $1,844,750 in the last three months. 3.90% of the stock is currently owned by company insiders.

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.