OneSpaWorld Holdings Limited $OSW Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. decreased its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 5.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,211,833 shares of the company’s stock after selling 63,182 shares during the quarter. Pinnacle Associates Ltd.’s holdings in OneSpaWorld were worth $25,618,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ariel Investments LLC boosted its position in shares of OneSpaWorld by 23.3% in the 2nd quarter. Ariel Investments LLC now owns 13,213,156 shares of the company’s stock valued at $269,416,000 after purchasing an additional 2,499,851 shares during the period. American Century Companies Inc. grew its stake in OneSpaWorld by 105.5% during the 2nd quarter. American Century Companies Inc. now owns 2,976,478 shares of the company’s stock worth $60,690,000 after buying an additional 1,528,210 shares during the last quarter. First Trust Advisors LP increased its position in OneSpaWorld by 45.6% during the third quarter. First Trust Advisors LP now owns 3,088,830 shares of the company’s stock worth $65,298,000 after buying an additional 966,889 shares during the period. Bessemer Group Inc. lifted its stake in OneSpaWorld by 3,988.8% in the third quarter. Bessemer Group Inc. now owns 924,726 shares of the company’s stock valued at $19,550,000 after buying an additional 902,110 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in OneSpaWorld by 26.0% in the second quarter. Champlain Investment Partners LLC now owns 1,320,020 shares of the company’s stock valued at $26,915,000 after buying an additional 272,570 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Trading Down 2.7%

NASDAQ:OSW opened at $20.42 on Monday. OneSpaWorld Holdings Limited has a 12-month low of $14.21 and a 12-month high of $23.54. The company has a current ratio of 1.91, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $21.12 and its 200-day simple moving average is $21.23. The firm has a market cap of $2.07 billion, a P/E ratio of 29.59 and a beta of 0.99.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $243.07 million. During the same period in the prior year, the business earned $0.20 earnings per share. OneSpaWorld’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 EPS for the current year.

OneSpaWorld Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, March 11th. OneSpaWorld’s dividend payout ratio (DPR) is 28.99%.

Wall Street Analysts Forecast Growth

OSW has been the topic of a number of research reports. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. TD Cowen cut their target price on shares of OneSpaWorld from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Stifel Nicolaus decreased their price target on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneSpaWorld in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of OneSpaWorld from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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 dated Thursday, December 11th. The shares were sold at an average price of $20.21, for a total value of $101,050.00. Following the sale, the director owned 154,882 shares of the company’s stock, valued at $3,130,165.22. The trade was a 3.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.90% of the stock is currently owned by insiders.

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.