Public Employees Retirement System of Ohio Purchases New Position in OneSpaWorld Holdings Limited $OSW

Public Employees Retirement System of Ohio purchased a new position in OneSpaWorld Holdings Limited (NASDAQ:OSWFree Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 410,677 shares of the company’s stock, valued at approximately $11,598,000. Public Employees Retirement System of Ohio owned 0.40% of OneSpaWorld at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in OneSpaWorld in the second quarter valued at approximately $278,024,000. Bank of America Corp DE acquired a new stake in OneSpaWorld in the 2nd quarter valued at $119,564,000. Reinhart Partners LLC. purchased a new stake in OneSpaWorld in the 4th quarter worth $45,358,000. Neumeier Poma Investment Counsel LLC purchased a new stake in OneSpaWorld in the 2nd quarter worth $43,462,264. Finally, Nixon Capital LLC acquired a new position in OneSpaWorld during the second quarter worth $25,168,000. Hedge funds and other institutional investors own 95.98% of the company’s stock.

OneSpaWorld Price Performance

OneSpaWorld stock opened at $25.26 on Monday. The company has a fifty day simple moving average of $26.73 and a 200-day simple moving average of $24.54. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 31.97 and a beta of 0.91. The company has a quick ratio of 1.93, a current ratio of 2.91 and a debt-to-equity ratio of 0.14. OneSpaWorld Holdings Limited has a 52-week low of $19.06 and a 52-week high of $29.25.

OneSpaWorld (NASDAQ:OSWGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $261.25 million for the quarter, compared to the consensus estimate of $260.93 million. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. On average, equities analysts anticipate that OneSpaWorld Holdings Limited will post 1.05 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. OneSpaWorld’s dividend payout ratio (DPR) is 25.32%.

Analysts Set New Price Targets

OSW has been the topic of several research analyst reports. Truist Financial lifted their target price on shares of OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Wall Street Zen downgraded shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Jefferies Financial Group raised their price target on shares of OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Stifel Nicolaus lifted their price objective on OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of OneSpaWorld in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $30.60.

View Our Latest Analysis on OSW

Insider Buying and Selling

In other news, Director Walter Field Mclallen sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.67, for a total transaction of $259,035.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew R. Heyer sold 25,219 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $26.42, for a total value of $666,285.98. Following the completion of the sale, the director owned 306,926 shares of the company’s stock, valued at $8,108,984.92. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 90,500 shares of company stock worth $2,363,762 over the last three months. Corporate insiders own 3.60% of the company’s stock.

OneSpaWorld Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for OneSpaWorld (NASDAQ:OSW)

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