42,393 Shares in OneSpaWorld Holdings Limited $OSW Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) in the second quarter, HoldingsChannel.com reports. The firm bought 42,393 shares of the company’s stock, valued at approximately $1,197,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in OneSpaWorld in the 2nd quarter valued at approximately $278,024,000. Bank of America Corp DE grew its stake in shares of OneSpaWorld by 395.0% in the first quarter. Bank of America Corp DE now owns 3,987,390 shares of the company’s stock worth $91,511,000 after acquiring an additional 3,181,857 shares during the last quarter. Reinhart Partners LLC. increased its position in OneSpaWorld by 2.0% during the second quarter. Reinhart Partners LLC. now owns 3,962,810 shares of the company’s stock worth $111,910,000 after acquiring an additional 78,022 shares during the period. First Trust Advisors LP increased its position in OneSpaWorld by 2.9% during the fourth quarter. First Trust Advisors LP now owns 3,179,211 shares of the company’s stock worth $65,937,000 after acquiring an additional 90,381 shares during the period. Finally, Vanguard Group Inc. raised its stake in OneSpaWorld by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 3,017,136 shares of the company’s stock valued at $62,575,000 after purchasing an additional 89,191 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OSW has been the subject of several research reports. Truist Financial increased their target price on shares of 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 report on Friday, July 31st. Stifel Nicolaus raised their price objective on OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group lifted their price objective on OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. One 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $30.60.

Insider Transactions at OneSpaWorld

In other OneSpaWorld news, Director Andrew Heyer sold 25,219 shares of the business’s stock in a transaction dated 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 transaction, the director directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Walter McLallen sold 10,500 shares of the 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 sale, the director directly owned 137,382 shares in the company, valued at $3,389,213.94. This trade represents a 7.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 90,500 shares of company stock valued at $2,363,762. Insiders own 3.60% of the company’s stock.

OneSpaWorld Stock Performance

Shares of NASDAQ:OSW opened at $22.40 on Friday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 28.35 and a beta of 0.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.91 and a quick ratio of 1.93. The business’s fifty day moving average price is $26.24 and its two-hundred day moving average price is $24.53. OneSpaWorld Holdings Limited has a fifty-two week low of $19.06 and a fifty-two week high of $29.25.

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

OneSpaWorld Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was 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.