Oppenheimer Asset Management Inc. Purchases New Position in OneSpaWorld Holdings Limited $OSW

Oppenheimer Asset Management Inc. acquired a new position in OneSpaWorld Holdings Limited (NASDAQ:OSW) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 26,552 shares of the company’s stock, valued at approximately $750,000.

A number of other hedge funds have also bought and sold shares of OSW. Contravisory Investment Management Inc. bought a new stake in OneSpaWorld during the 2nd quarter valued at $325,000. Reinhart Partners LLC. grew its position in shares of OneSpaWorld by 2.0% in the second quarter. Reinhart Partners LLC. now owns 3,962,810 shares of the company’s stock valued at $111,910,000 after purchasing an additional 78,022 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of OneSpaWorld by 16.7% during the 1st quarter. Glenmede Trust Co. NA now owns 18,999 shares of the company’s stock valued at $436,000 after purchasing an additional 2,714 shares during the period. Bank of America Corp DE raised its stake in shares of OneSpaWorld by 395.0% during the 1st quarter. Bank of America Corp DE now owns 3,987,390 shares of the company’s stock valued at $91,511,000 after purchasing an additional 3,181,857 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in OneSpaWorld by 31.1% during the 1st quarter. California State Teachers Retirement System now owns 126,277 shares of the company’s stock worth $2,898,000 after purchasing an additional 29,931 shares in the last quarter. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at OneSpaWorld

In related news, Director Walter Field Mclallen sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were 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 of the company’s stock, valued at $3,389,213.94. This trade represents a 7.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrew R. Heyer sold 25,219 shares of OneSpaWorld stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $26.42, for a total transaction of $666,285.98. Following the sale, the director owned 306,926 shares of the company’s stock, valued at approximately $8,108,984.92. The trade was a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 90,500 shares of company stock worth $2,363,762. 3.60% of the stock is owned by company insiders.

OneSpaWorld Price Performance

NASDAQ:OSW opened at $26.73 on Tuesday. OneSpaWorld Holdings Limited has a 52-week low of $19.06 and a 52-week high of $29.25. The stock has a fifty day moving average of $26.67 and a 200 day moving average of $24.17. 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 capitalization of $2.71 billion, a price-to-earnings ratio of 33.84 and a beta of 0.91.

OneSpaWorld (NASDAQ:OSW) last announced its earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. OneSpaWorld had a return on equity of 18.36% and a net margin of 8.02%.The business had revenue of $261.25 million for the quarter, compared to analyst estimates of $260.93 million. During the same period in the prior year, the company earned $0.19 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, research analysts expect that OneSpaWorld Holdings Limited will post 1.05 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 19th. OneSpaWorld’s dividend payout ratio is 25.32%.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen downgraded OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Jefferies Financial Group increased their price target on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Truist Financial raised their price objective 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. Stifel Nicolaus boosted their price objective on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, TD Cowen upped their target price on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $30.60.

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.