Renaissance Group LLC Reduces Stock Position in OneSpaWorld Holdings Limited $OSW

Renaissance Group LLC lessened its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 50.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,790 shares of the company’s stock after selling 62,105 shares during the period. Renaissance Group LLC owned about 0.06% of OneSpaWorld worth $1,285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Moran Wealth Management LLC grew its position in shares of OneSpaWorld by 1.5% in the 2nd quarter. Moran Wealth Management LLC now owns 37,045 shares of the company’s stock worth $755,000 after buying an additional 543 shares during the last quarter. Rhumbline Advisers lifted its stake in OneSpaWorld by 0.5% in the second quarter. Rhumbline Advisers now owns 138,938 shares of the company’s stock worth $2,833,000 after acquiring an additional 731 shares during the period. California State Teachers Retirement System boosted its holdings in OneSpaWorld by 0.9% in the second quarter. California State Teachers Retirement System now owns 91,653 shares of the company’s stock valued at $1,869,000 after acquiring an additional 849 shares in the last quarter. Simon Quick Advisors LLC increased its position in OneSpaWorld by 6.8% during the 2nd quarter. Simon Quick Advisors LLC now owns 13,340 shares of the company’s stock valued at $272,000 after purchasing an additional 853 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in OneSpaWorld by 8.5% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 12,955 shares of the company’s stock worth $264,000 after purchasing an additional 1,010 shares in the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

OneSpaWorld Price Performance

Shares of OSW opened at $21.27 on Friday. OneSpaWorld Holdings Limited has a fifty-two week low of $14.21 and a fifty-two week high of $23.49. The firm’s 50-day simple moving average is $20.62 and its two-hundred day simple moving average is $21.24. The stock has a market cap of $2.17 billion, a PE ratio of 29.96 and a beta of 1.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.84.

Insider Transactions at OneSpaWorld

In other news, Director Walter Field Mclallen sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $20.21, for a total transaction of $101,050.00. Following the completion of the transaction, the director directly owned 154,882 shares in the company, valued at $3,130,165.22. This trade represents 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 available through the SEC website. Also, CEO Stephen Lazarus sold 8,569 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $21.12, for a total transaction of $180,977.28. Following the completion of the transaction, the chief executive officer owned 351,250 shares in the company, valued at approximately $7,418,400. The trade was a 2.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 33,569 shares of company stock valued at $685,827. Insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

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 note on Sunday, November 30th. Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. TD Cowen reduced their target price on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Finally, Stifel Nicolaus decreased their target price on OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $24.20.

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.