Pinnacle Associates Ltd. lowered its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW – Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,160,340 shares of the company’s stock after selling 51,493 shares during the quarter. Pinnacle Associates Ltd. owned 1.14% of OneSpaWorld worth $24,065,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of OneSpaWorld by 116.5% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 22,936 shares of the company’s stock valued at $476,000 after purchasing an additional 12,343 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of OneSpaWorld during the 4th quarter worth approximately $368,000. State of New Jersey Common Pension Fund D lifted its position in shares of OneSpaWorld by 11.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 107,520 shares of the company’s stock worth $2,230,000 after buying an additional 10,615 shares during the period. Keybank National Association OH lifted its position in shares of OneSpaWorld by 21.2% during the 4th quarter. Keybank National Association OH now owns 22,999 shares of the company’s stock worth $477,000 after buying an additional 4,026 shares during the period. Finally, Vest Financial LLC lifted its position in shares of OneSpaWorld by 10.2% during the 4th quarter. Vest Financial LLC now owns 217,218 shares of the company’s stock worth $4,505,000 after buying an additional 20,042 shares during the period. 95.98% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on OSW shares. Zacks Research upgraded OneSpaWorld from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Stifel Nicolaus lowered their target price on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Truist Financial upped their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Wall Street Zen raised shares of OneSpaWorld from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings raised shares of OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $27.60.
OneSpaWorld Price Performance
Shares of OSW stock opened at $23.29 on Thursday. The stock’s fifty day moving average is $23.02 and its 200-day moving average is $21.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 2.52. The stock has a market capitalization of $2.36 billion, a PE ratio of 31.05 and a beta of 0.95. OneSpaWorld Holdings Limited has a 52 week low of $18.19 and a 52 week high of $25.75.
OneSpaWorld (NASDAQ:OSW – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $247.63 million for the quarter, compared to analysts’ expectations of $244.51 million. OneSpaWorld had a return on equity of 18.00% and a net margin of 7.85%.The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. Equities research analysts expect that OneSpaWorld Holdings Limited will post 1.07 EPS for the current fiscal year.
OneSpaWorld Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. OneSpaWorld’s payout ratio is currently 26.67%.
OneSpaWorld Profile
OneSpaWorld Holdings Ltd is a global provider of spa and wellness services, catering primarily to the cruise line, hospitality and venue-based leisure industries. The company designs and operates on-board spa facilities, salon services and retail boutiques, offering treatments such as massage, facial and body therapies, nail care, hair styling and aesthetic enhancements. Additionally, OneSpaWorld provides program consulting, management, training and product distribution services to its partners, enabling tailored spa experiences across diverse passenger and guest demographics.
OneSpaWorld’s core operations span major cruise lines—such as Carnival Corporation, Royal Caribbean Group, MSC Cruises and Virgin Voyages—as well as luxury resort and hotel brands.
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