Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in OneSpaWorld Holdings Limited $OSW

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 825,452 shares of the company’s stock, valued at approximately $18,944,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sei Investments Co. raised its holdings in shares of OneSpaWorld by 28.4% during the 1st quarter. Sei Investments Co. now owns 78,292 shares of the company’s stock worth $1,797,000 after acquiring an additional 17,318 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of OneSpaWorld by 138.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,158 shares of the company’s stock valued at $95,000 after acquiring an additional 2,415 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of OneSpaWorld by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,335,346 shares of the company’s stock valued at $53,590,000 after purchasing an additional 27,309 shares during the period. Bessemer Group Inc. increased its position in OneSpaWorld by 30.3% during the first quarter. Bessemer Group Inc. now owns 1,468,100 shares of the company’s stock worth $33,692,000 after purchasing an additional 341,632 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in OneSpaWorld by 77.7% during the first quarter. Bank of New York Mellon Corp now owns 559,365 shares of the company’s stock worth $12,837,000 after purchasing an additional 244,662 shares during the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.

OneSpaWorld Stock Up 3.5%

Shares of NASDAQ:OSW opened at $27.21 on Tuesday. The business has a 50-day moving average price of $25.93 and a 200 day moving average price of $23.54. The company has a current ratio of 2.52, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 36.28 and a beta of 0.90. OneSpaWorld Holdings Limited has a 12-month low of $19.06 and a 12-month high of $29.25.

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

OneSpaWorld Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 20th. OneSpaWorld’s payout ratio is 26.67%.

Insider Buying and Selling

In other news, Director Andrew R. Heyer sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $26.04, for a total value of $520,800.00. Following the transaction, the director directly owned 489,817 shares in the company, valued at approximately $12,754,834.68. This represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Walter Field Mclallen sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.67, for a total transaction of $259,035.00. Following the completion of the transaction, the director owned 137,382 shares in the company, valued at approximately $3,389,213.94. This represents a 7.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on OSW. Jefferies Financial Group boosted their target price on shares of OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, June 18th. TD Cowen raised their price target on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings raised shares of OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Truist Financial upped their price objective on OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $29.20.

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.