Royce & Associates LP Sells 55,008 Shares of OneSpaWorld Holdings Limited $OSW

Royce & Associates LP trimmed its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 20.4% during the 4th quarter, HoldingsChannel reports. The fund owned 215,051 shares of the company’s stock after selling 55,008 shares during the quarter. Royce & Associates LP’s holdings in OneSpaWorld were worth $4,460,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in OneSpaWorld by 40,623.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 51,311 shares of the company’s stock valued at $1,064,000 after acquiring an additional 51,185 shares during the period. Savant Capital LLC bought a new position in OneSpaWorld during the third quarter valued at about $504,000. First Trust Advisors LP increased its stake in OneSpaWorld by 45.6% during the third quarter. First Trust Advisors LP now owns 3,088,830 shares of the company’s stock valued at $65,298,000 after acquiring an additional 966,889 shares during the period. Aberdeen Group plc bought a new position in OneSpaWorld during the fourth quarter valued at about $17,663,000. Finally, Champlain Investment Partners LLC increased its stake in OneSpaWorld by 16.5% during the third quarter. Champlain Investment Partners LLC now owns 1,538,421 shares of the company’s stock valued at $32,522,000 after acquiring an additional 218,401 shares during the period. 95.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OSW shares. Weiss Ratings upgraded OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Zacks Research upgraded OneSpaWorld from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Truist Financial boosted their price target on OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Jefferies Financial Group initiated coverage on OneSpaWorld in a research note on Tuesday, March 24th. They issued a “buy” rating and a $30.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $28.20.

OneSpaWorld Trading Down 2.3%

OSW stock opened at $23.75 on Friday. OneSpaWorld Holdings Limited has a 1-year low of $18.19 and a 1-year high of $25.75. The firm has a market cap of $2.41 billion, a P/E ratio of 31.67 and a beta of 0.95. The business’s 50 day moving average is $23.76 and its 200-day moving average is $21.91. The company has a current ratio of 2.52, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. OneSpaWorld had a return on equity of 18.00% and a net margin of 7.85%.The company had revenue of $247.63 million for the quarter, compared to analyst estimates of $244.51 million. During the same period in the prior year, the company posted $0.15 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. Equities analysts anticipate that OneSpaWorld Holdings Limited will post 1.07 earnings per share for the current fiscal year.

OneSpaWorld Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, May 20th. OneSpaWorld’s payout ratio is presently 26.67%.

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.