Reinhart Partners LLC. Takes $45.36 Million Position in OneSpaWorld Holdings Limited $OSW

Reinhart Partners LLC. acquired a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,186,966 shares of the company’s stock, valued at approximately $45,358,000. Reinhart Partners LLC. owned approximately 2.15% of OneSpaWorld as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in shares of OneSpaWorld by 108.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,003,892 shares of the company’s stock valued at $20,821,000 after buying an additional 521,497 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of OneSpaWorld by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 2,505,052 shares of the company’s stock valued at $51,964,000 after buying an additional 122,681 shares in the last quarter. King Luther Capital Management Corp acquired a new position in shares of OneSpaWorld in the 4th quarter valued at $2,341,000. MQS Management LLC acquired a new position in shares of OneSpaWorld in the 4th quarter valued at $261,000. Finally, ProShare Advisors LLC raised its stake in shares of OneSpaWorld by 12.6% in the 4th quarter. ProShare Advisors LLC now owns 18,266 shares of the company’s stock valued at $379,000 after buying an additional 2,041 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Stock Up 0.2%

OSW opened at $23.84 on Wednesday. The firm’s 50-day simple moving average is $23.80 and its 200-day simple moving average is $21.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 2.52. OneSpaWorld Holdings Limited has a twelve month low of $18.43 and a twelve month high of $25.75. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 31.79 and a beta of 0.92.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, April 29th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $247.63 million for the quarter, compared to analyst estimates of $244.51 million. OneSpaWorld had a net margin of 7.85% and a return on equity of 18.00%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. Equities research analysts anticipate that OneSpaWorld Holdings Limited will post 1.07 EPS for the current fiscal year.

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, May 20th. OneSpaWorld’s payout ratio is currently 26.67%.

Wall Street Analyst Weigh In

OSW has been the subject of a number of recent research reports. Wall Street Zen cut shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Zacks Research upgraded OneSpaWorld from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings upgraded OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Truist Financial upped their price target on OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Jefferies Financial Group assumed coverage on shares of OneSpaWorld in a report on Tuesday, March 24th. They issued a “buy” rating and a $30.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $28.20.

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.