Wellington Management Group LLP Acquires 543,027 Shares of OneSpaWorld Holdings Limited $OSW

Wellington Management Group LLP grew its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 25.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,709,623 shares of the company’s stock after purchasing an additional 543,027 shares during the period. Wellington Management Group LLP owned approximately 2.67% of OneSpaWorld worth $76,520,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of OneSpaWorld during the 2nd quarter worth approximately $278,024,000. Bank of America Corp DE bought a new stake in OneSpaWorld in the second quarter valued at $119,564,000. Reinhart Partners LLC. bought a new stake in OneSpaWorld in the fourth quarter valued at $45,358,000. Neumeier Poma Investment Counsel LLC acquired a new position in OneSpaWorld during the second quarter worth $43,462,264. Finally, Nixon Capital LLC acquired a new position in OneSpaWorld during the second quarter worth $25,168,000. 95.98% of the stock is currently owned by institutional investors.

OneSpaWorld Stock Performance

Shares of OneSpaWorld stock opened at $21.90 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.91 and a quick ratio of 1.93. The firm has a 50 day simple moving average of $26.46 and a 200 day simple moving average of $24.55. OneSpaWorld Holdings Limited has a fifty-two week low of $19.06 and a fifty-two week high of $29.25. The firm has a market cap of $2.22 billion, a P/E ratio of 27.72 and a beta of 0.90.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $261.25 million for the quarter, compared to the consensus estimate of $260.93 million. OneSpaWorld had a return on equity of 18.36% and a net margin of 8.02%.The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. 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 disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, August 19th. OneSpaWorld’s dividend payout ratio (DPR) is presently 25.32%.

Insider Transactions at OneSpaWorld

In other news, Director Andrew R. Heyer sold 4,781 shares of OneSpaWorld stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $26.07, for a total transaction of $124,640.67. Following the completion of the sale, the director owned 302,145 shares in the company, valued at $7,876,920.15. The trade was a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Walter Field Mclallen sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.67, for a total transaction of $259,035.00. Following the sale, the director directly owned 137,382 shares of the company’s stock, valued at approximately $3,389,213.94. This trade represents a 7.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 90,500 shares of company stock valued at $2,363,762. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

OSW has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of OneSpaWorld in a research note on Friday, July 31st. Wall Street Zen cut shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Jefferies Financial Group lifted their price target on shares of OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Stifel Nicolaus boosted their price target on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Truist Financial upped their price objective on shares of OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, OneSpaWorld has a consensus rating of “Buy” and an average price target of $30.60.

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.