Emerald Advisers LLC Sells 28,054 Shares of OneSpaWorld Holdings Limited $OSW

Emerald Advisers LLC lowered its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 884,878 shares of the company’s stock after selling 28,054 shares during the period. Emerald Advisers LLC owned 0.87% of OneSpaWorld worth $20,308,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of OSW. First Trust Advisors LP boosted its holdings in shares of OneSpaWorld by 2.9% during the 4th quarter. First Trust Advisors LP now owns 3,179,211 shares of the company’s stock valued at $65,937,000 after acquiring an additional 90,381 shares in the last quarter. Vanguard Group Inc. raised its position in OneSpaWorld by 3.0% in the fourth 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. Raymond James Financial Inc. boosted its stake in shares of OneSpaWorld by 0.4% during the second quarter. Raymond James Financial Inc. now owns 2,525,357 shares of the company’s stock valued at $51,492,000 after purchasing an additional 10,807 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of OneSpaWorld by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 2,505,052 shares of the company’s stock valued at $51,964,000 after purchasing an additional 122,681 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of OneSpaWorld by 1.2% during the fourth quarter. State Street Corp now owns 2,253,071 shares of the company’s stock worth $46,729,000 after purchasing an additional 26,533 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at OneSpaWorld

In other news, Director Andrew R. Heyer sold 20,000 shares of OneSpaWorld stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.04, for a total value of $520,800.00. Following the completion of the transaction, the director directly owned 489,817 shares of the company’s stock, valued at approximately $12,754,834.68. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Walter Field Mclallen sold 10,500 shares of OneSpaWorld stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $24.67, for a total value 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. This trade represents a 7.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OSW. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. TD Cowen boosted 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. Jefferies Financial Group upped their price target on shares of OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings raised shares of OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Truist Financial lifted their price target on shares of OneSpaWorld from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $29.20.

OneSpaWorld Price Performance

OneSpaWorld stock opened at $26.10 on Tuesday. The stock’s 50 day moving average is $25.47 and its 200 day moving average is $23.18. OneSpaWorld Holdings Limited has a one year low of $19.06 and a one year high of $29.25. The firm has a market cap of $2.65 billion, a P/E ratio of 34.80 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.52 and a quick ratio of 1.40.

OneSpaWorld (NASDAQ:OSW) last released its earnings results on Wednesday, April 29th. The company reported $0.27 earnings per share 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 business had revenue of $247.63 million during the quarter, compared to the consensus estimate of $244.51 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, research analysts expect that OneSpaWorld Holdings Limited will post 1.07 EPS for the current year.

OneSpaWorld Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 20th. OneSpaWorld’s dividend payout ratio (DPR) is currently 26.67%.

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.