Principal Financial Group Inc. Purchases 480,378 Shares of OneSpaWorld Holdings Limited $OSW

Principal Financial Group Inc. grew its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 814.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 539,387 shares of the company’s stock after buying an additional 480,378 shares during the quarter. Principal Financial Group Inc.’s holdings in OneSpaWorld were worth $12,379,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of OSW. Teachers Retirement System of The State of Kentucky purchased a new position in OneSpaWorld during the 1st quarter valued at about $578,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of OneSpaWorld in the 1st quarter worth approximately $579,000. Oregon Public Employees Retirement Fund bought a new stake in shares of OneSpaWorld in the 1st quarter worth approximately $535,000. West Tower Group LLC increased its stake in shares of OneSpaWorld by 4.0% during the first quarter. West Tower Group LLC now owns 63,867 shares of the company’s stock valued at $1,466,000 after buying an additional 2,467 shares during the period. Finally, Abel Hall LLC purchased a new position in shares of OneSpaWorld during the first quarter valued at approximately $209,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

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

OneSpaWorld Stock Up 1.9%

Shares of OneSpaWorld stock opened at $26.29 on Friday. OneSpaWorld Holdings Limited has a 1 year low of $19.06 and a 1 year high of $29.25. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 35.05 and a beta of 0.90. The company has a 50-day moving average of $25.86 and a 200 day moving average of $23.49. 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 announced 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 last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, sell-side analysts anticipate that OneSpaWorld Holdings Limited will post 1.07 earnings per share for the current fiscal year.

OneSpaWorld Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 20th. OneSpaWorld’s payout ratio is 26.67%.

About OneSpaWorld

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.