Connor Clark & Lunn Investment Management Ltd. Has $912,000 Holdings in OneSpaWorld Holdings Limited $OSW

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 57.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,739 shares of the company’s stock after selling 60,363 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in OneSpaWorld were worth $912,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Moran Wealth Management LLC boosted its stake in shares of OneSpaWorld by 1.5% in the 2nd quarter. Moran Wealth Management LLC now owns 37,045 shares of the company’s stock valued at $755,000 after purchasing an additional 543 shares in the last quarter. Sheets Smith Wealth Management lifted its stake in OneSpaWorld by 1.9% in the 2nd quarter. Sheets Smith Wealth Management now owns 34,846 shares of the company’s stock valued at $711,000 after purchasing an additional 647 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in OneSpaWorld by 7.3% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,945 shares of the company’s stock valued at $201,000 after buying an additional 815 shares in the last quarter. Simon Quick Advisors LLC grew its stake in shares of OneSpaWorld by 6.8% during the second quarter. Simon Quick Advisors LLC now owns 13,340 shares of the company’s stock worth $272,000 after buying an additional 853 shares during the last quarter. Finally, Townsquare Capital LLC increased its holdings in shares of OneSpaWorld by 0.7% during the first quarter. Townsquare Capital LLC now owns 213,191 shares of the company’s stock worth $3,579,000 after buying an additional 1,428 shares in the last quarter. Institutional investors own 95.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on OneSpaWorld from $23.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Northcoast Research set a $28.00 price target on OneSpaWorld and gave the company a “buy” rating in a research note on Tuesday, October 7th. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a report on Friday, September 26th. William Blair reiterated an “outperform” rating on shares of OneSpaWorld in a report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of OneSpaWorld in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $24.60.

OneSpaWorld Trading Up 0.5%

Shares of OSW stock opened at $20.06 on Wednesday. OneSpaWorld Holdings Limited has a 1-year low of $14.21 and a 1-year high of $23.49. The company has a current ratio of 1.84, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 28.25 and a beta of 1.28. The stock has a 50-day moving average of $21.40 and a 200-day moving average of $20.95.

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

OneSpaWorld Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. This is a boost from OneSpaWorld’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, November 19th. OneSpaWorld’s dividend payout ratio is currently 28.17%.

Insiders Place Their Bets

In related news, Director Andrew R. Heyer sold 31,289 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $21.59, for a total value of $675,529.51. Following the transaction, the director owned 332,145 shares in the company, valued at $7,171,010.55. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenn Fusfield sold 23,116 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $21.57, for a total transaction of $498,612.12. Following the sale, the director directly owned 151,799 shares in the company, valued at $3,274,304.43. This trade represents a 13.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 135,844 shares of company stock valued at $3,018,892 in the last three months. 3.90% of the stock is owned by insiders.

OneSpaWorld Company Profile

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.