JPMorgan Chase & Co. Sells 31,766 Shares of OneSpaWorld Holdings Limited $OSW

JPMorgan Chase & Co. lessened its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 9.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 313,140 shares of the company’s stock after selling 31,766 shares during the period. JPMorgan Chase & Co.’s holdings in OneSpaWorld were worth $6,620,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OSW. Rhumbline Advisers lifted its stake in shares of OneSpaWorld by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 138,938 shares of the company’s stock valued at $2,833,000 after acquiring an additional 731 shares during the last quarter. California State Teachers Retirement System grew its position in OneSpaWorld by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 91,653 shares of the company’s stock worth $1,869,000 after acquiring an additional 849 shares during the last quarter. Blair William & Co. IL increased its holdings in OneSpaWorld by 0.6% in the 3rd quarter. Blair William & Co. IL now owns 152,277 shares of the company’s stock worth $3,219,000 after purchasing an additional 924 shares in the last quarter. Captrust Financial Advisors raised its position in OneSpaWorld by 10.1% in the second quarter. Captrust Financial Advisors now owns 14,389 shares of the company’s stock valued at $293,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in OneSpaWorld in the third quarter valued at about $29,000. 95.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on OSW shares. Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. Truist Financial lifted their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Stifel Nicolaus reduced their target price on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. TD Cowen upped their price target on shares of OneSpaWorld from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday. Finally, Zacks Research raised shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $26.33.

OneSpaWorld Stock Up 3.1%

Shares of NASDAQ OSW opened at $22.95 on Wednesday. The company’s 50 day moving average price is $21.35 and its 200-day moving average price is $21.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.91. OneSpaWorld Holdings Limited has a 52-week low of $14.21 and a 52-week high of $23.56. The company has a market capitalization of $2.33 billion, a P/E ratio of 33.26 and a beta of 0.99.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings data 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). The firm had revenue of $242.13 million for the quarter, compared to analyst estimates of $243.07 million. OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. Equities analysts forecast that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

OneSpaWorld Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. OneSpaWorld’s dividend payout ratio is presently 28.99%.

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.