Emerald Investment Advisers LLC Takes Position in OneSpaWorld Holdings Limited $OSW

Emerald Investment Advisers LLC acquired a new position in OneSpaWorld Holdings Limited (NASDAQ:OSW) in the 2nd quarter, HoldingsChannel reports. The fund acquired 271,072 shares of the company’s stock, valued at approximately $7,655,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OSW. Brown Brothers Harriman & Co. purchased a new stake in OneSpaWorld during the fourth quarter valued at about $31,000. Arax Advisory Partners increased its stake in shares of OneSpaWorld by 428.8% in the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after purchasing an additional 1,295 shares in the last quarter. First Horizon Corp increased its stake in shares of OneSpaWorld by 120.4% in the fourth quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after purchasing an additional 975 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of OneSpaWorld in the second quarter valued at approximately $38,000. Finally, Farther Finance Advisors LLC raised its position in shares of OneSpaWorld by 325.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after purchasing an additional 1,478 shares during the period. 95.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at OneSpaWorld

In other news, Director Andrew R. Heyer sold 25,219 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $26.42, for a total value of $666,285.98. Following the transaction, the director owned 306,926 shares of the company’s stock, valued at approximately $8,108,984.92. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Walter Field Mclallen sold 10,500 shares of the stock in a transaction on 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 sale, the director owned 137,382 shares in the company, valued at $3,389,213.94. This trade represents a 7.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 90,500 shares of company stock worth $2,363,762. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on OSW shares. TD Cowen upped their price target on shares of OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Truist Financial boosted their target price on shares of OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Stifel Nicolaus raised their price target on OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group lifted their price target on OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $30.60.

OneSpaWorld Price Performance

OSW stock opened at $26.68 on Friday. The firm has a 50 day moving average of $26.81 and a 200-day moving average of $24.32. The firm has a market capitalization of $2.71 billion, a P/E ratio of 33.77 and a beta of 0.91. OneSpaWorld Holdings Limited has a 12 month low of $19.06 and a 12 month high of $29.25. The company has a current ratio of 2.91, a quick ratio of 1.93 and a debt-to-equity ratio of 0.14.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The business had revenue of $261.25 million for the quarter, compared to analyst estimates of $260.93 million. During the same quarter in the prior year, the firm posted $0.19 EPS. OneSpaWorld’s revenue was up 8.5% on a year-over-year basis. As a group, sell-side analysts predict that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current fiscal year.

OneSpaWorld Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 19th. OneSpaWorld’s payout ratio is 25.32%.

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.