Victory Capital Management Inc. Sells 230,640 Shares of OneSpaWorld Holdings Limited $OSW

Victory Capital Management Inc. lowered its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,796,716 shares of the company’s stock after selling 230,640 shares during the quarter. Victory Capital Management Inc. owned 3.72% of OneSpaWorld worth $80,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of OSW. AQR Capital Management LLC raised its stake in shares of OneSpaWorld by 41.4% during the 1st quarter. AQR Capital Management LLC now owns 25,286 shares of the company’s stock worth $425,000 after purchasing an additional 7,398 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of OneSpaWorld by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,779 shares of the company’s stock worth $1,004,000 after acquiring an additional 2,612 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in OneSpaWorld by 50.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,015 shares of the company’s stock worth $3,577,000 after acquiring an additional 71,420 shares during the last quarter. Intech Investment Management LLC lifted its holdings in OneSpaWorld by 80.7% during the first quarter. Intech Investment Management LLC now owns 92,702 shares of the company’s stock valued at $1,556,000 after purchasing an additional 41,391 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in OneSpaWorld by 21.2% during the second quarter. Envestnet Asset Management Inc. now owns 199,448 shares of the company’s stock worth $4,067,000 after purchasing an additional 34,884 shares during the period. 95.98% of the stock is owned by institutional investors.

OneSpaWorld Price Performance

OneSpaWorld stock opened at $20.98 on Friday. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 30.41 and a beta of 0.99. 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 business has a 50-day simple moving average of $21.13 and a 200 day simple moving average of $21.25. OneSpaWorld Holdings Limited has a 52 week low of $14.21 and a 52 week high of $23.54.

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

OneSpaWorld Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. OneSpaWorld’s dividend payout ratio is presently 28.99%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price target 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. Truist Financial raised their price target on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Zacks Research cut OneSpaWorld from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Finally, TD Cowen cut their target price on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.00.

Insider Buying and Selling at OneSpaWorld

In other news, Director Walter Field Mclallen sold 5,000 shares of OneSpaWorld stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $20.21, for a total transaction of $101,050.00. Following the completion of the sale, the director directly owned 154,882 shares of the company’s stock, valued at approximately $3,130,165.22. The trade was a 3.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.90% of the company’s stock.

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.