Oak Ridge Investments LLC Reduces Stock Position in OneSpaWorld Holdings Limited $OSW

Oak Ridge Investments LLC cut its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 29.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,323 shares of the company’s stock after selling 38,920 shares during the period. Oak Ridge Investments LLC owned approximately 0.09% of OneSpaWorld worth $1,956,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vest Financial LLC increased its holdings in OneSpaWorld by 72.9% in the third quarter. Vest Financial LLC now owns 197,176 shares of the company’s stock valued at $4,168,000 after buying an additional 83,143 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of OneSpaWorld by 40,623.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 51,311 shares of the company’s stock valued at $1,064,000 after purchasing an additional 51,185 shares during the last quarter. First Trust Advisors LP grew its position in shares of OneSpaWorld by 45.6% in the third quarter. First Trust Advisors LP now owns 3,088,830 shares of the company’s stock valued at $65,298,000 after purchasing an additional 966,889 shares during the last quarter. Royce & Associates LP grew its position in shares of OneSpaWorld by 22.7% in the third quarter. Royce & Associates LP now owns 270,059 shares of the company’s stock valued at $5,709,000 after purchasing an additional 50,003 shares during the last quarter. Finally, Aberdeen Group plc acquired a new stake in shares of OneSpaWorld in the fourth quarter valued at approximately $17,663,000. 95.98% of the stock is owned by hedge funds and other institutional investors.

OneSpaWorld Trading Up 2.3%

OneSpaWorld stock opened at $24.94 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.91 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $22.09 and a two-hundred day moving average price of $21.29. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 36.15 and a beta of 0.95. OneSpaWorld Holdings Limited has a 52-week low of $16.16 and a 52-week high of $24.97.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.The company had revenue of $242.13 million for the quarter, compared to the consensus estimate of $243.07 million. During the same quarter last year, the firm posted $0.20 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts expect that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, March 11th. OneSpaWorld’s payout ratio is presently 28.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OSW. Truist Financial raised their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Stifel Nicolaus decreased their target price on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Jefferies Financial Group began coverage on shares of OneSpaWorld in a report on Tuesday, March 24th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $26.33.

OneSpaWorld 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.