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

Public Employees Retirement System of Ohio acquired a new position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) in the 2nd quarter, HoldingsChannel reports. The firm acquired 410,677 shares of the company’s stock, valued at approximately $11,598,000.

A number of other institutional investors also recently bought and sold shares of OSW. Global Retirement Partners LLC purchased a new stake in shares of OneSpaWorld in the 2nd quarter valued at approximately $38,000. Brown Brothers Harriman & Co. acquired a new position in OneSpaWorld in the fourth quarter valued at approximately $31,000. Arax Advisory Partners lifted its holdings in OneSpaWorld by 428.8% in the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock valued at $33,000 after acquiring an additional 1,295 shares during the last quarter. Farther Finance Advisors LLC grew its position in OneSpaWorld by 325.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after acquiring an additional 1,478 shares during the period. Finally, Persistent Asset Partners Ltd acquired a new stake in OneSpaWorld during the second quarter worth $58,000. 95.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OSW. Truist Financial upped their price target on OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a research report on Friday, July 31st. Jefferies Financial Group increased their target price on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Wall Street Zen cut shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Stifel Nicolaus boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $30.60.

Insider Activity

In other news, Director Andrew R. Heyer sold 25,219 shares of the stock in a transaction dated 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. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $259,035.00. Following the completion of the transaction, the director directly owned 137,382 shares of the company’s stock, valued at approximately $3,389,213.94. The trade was a 7.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 90,500 shares of company stock valued at $2,363,762. 3.60% of the stock is currently owned by corporate insiders.

OneSpaWorld Price Performance

NASDAQ:OSW opened at $25.26 on Monday. OneSpaWorld Holdings Limited has a 52 week low of $19.06 and a 52 week high of $29.25. The stock’s fifty day moving average is $26.73 and its two-hundred day moving average is $24.54. The stock 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 (NASDAQ:OSW) last issued its quarterly earnings data 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. The business had revenue of $261.25 million during the quarter, compared to analysts’ expectations of $260.93 million. OneSpaWorld had a return on equity of 18.36% and a net margin of 8.02%.The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share. Research analysts anticipate that OneSpaWorld Holdings Limited will post 1.05 EPS for the current year.

OneSpaWorld Dividend Announcement

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 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. OneSpaWorld’s payout ratio is currently 25.32%.

OneSpaWorld Company Profile

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.