Oppenheimer Asset Management Inc. purchased a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,552 shares of the company’s stock, valued at approximately $750,000.
Several other large investors have also bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new stake in shares of OneSpaWorld in the 4th quarter worth $31,000. Arax Advisory Partners lifted its position in shares of OneSpaWorld by 428.8% during the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock valued at $33,000 after purchasing an additional 1,295 shares in the last quarter. First Horizon Corp boosted its holdings in OneSpaWorld by 120.4% during the fourth quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after purchasing an additional 975 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in OneSpaWorld by 325.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after purchasing an additional 1,478 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in OneSpaWorld by 111.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock worth $49,000 after purchasing an additional 1,244 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on OSW. Truist Financial lifted their target price on shares of OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group upped their target price on OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Wall Street Zen downgraded OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Stifel Nicolaus lifted their price target on OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, TD Cowen boosted their price objective on OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $30.60.
Insiders Place Their Bets
In other OneSpaWorld news, Director Walter Field Mclallen sold 10,500 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $24.67, for a total value of $259,035.00. Following the sale, the director directly owned 137,382 shares in the company, valued at $3,389,213.94. The trade was a 7.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew R. Heyer sold 4,781 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $26.07, for a total value of $124,640.67. Following the transaction, the director directly owned 302,145 shares in the company, valued at $7,876,920.15. This represents a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 90,500 shares of company stock valued at $2,363,762 over the last three months. Company insiders own 3.60% of the company’s stock.
OneSpaWorld Stock Performance
Shares of OSW stock opened at $26.73 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.93 and a current ratio of 2.91. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 33.84 and a beta of 0.91. OneSpaWorld Holdings Limited has a 52 week low of $19.06 and a 52 week high of $29.25. The firm’s 50-day simple moving average is $26.67 and its two-hundred day simple moving average is $24.17.
OneSpaWorld (NASDAQ:OSW – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The firm had revenue of $261.25 million during the quarter, compared to the consensus estimate of $260.93 million. During the same period in the prior year, the firm earned $0.19 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. As a group, equities analysts forecast that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current year.
OneSpaWorld Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 19th. OneSpaWorld’s dividend payout ratio (DPR) is currently 25.32%.
About OneSpaWorld
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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