Pinnacle Associates Ltd. Cuts Stake in OneSpaWorld Holdings Limited $OSW

Pinnacle Associates Ltd. lowered its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 21.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,275,015 shares of the company’s stock after selling 338,573 shares during the period. Pinnacle Associates Ltd.’s holdings in OneSpaWorld were worth $25,998,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Simon Quick Advisors LLC increased its stake in shares of OneSpaWorld by 6.8% during the second quarter. Simon Quick Advisors LLC now owns 13,340 shares of the company’s stock valued at $272,000 after buying an additional 853 shares during the period. Keybank National Association OH increased its stake in shares of OneSpaWorld by 43.6% during the second quarter. Keybank National Association OH now owns 15,550 shares of the company’s stock valued at $317,000 after buying an additional 4,725 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in shares of OneSpaWorld by 8.2% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 585,525 shares of the company’s stock valued at $11,939,000 after buying an additional 44,343 shares during the period. Emerald Advisers LLC increased its stake in shares of OneSpaWorld by 36.0% during the second quarter. Emerald Advisers LLC now owns 925,263 shares of the company’s stock valued at $18,866,000 after buying an additional 245,085 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of OneSpaWorld by 34.8% during the second quarter. Bessemer Group Inc. now owns 22,616 shares of the company’s stock valued at $461,000 after buying an additional 5,840 shares during the period. Hedge funds and other institutional investors own 95.98% of the company’s stock.

OneSpaWorld Price Performance

Shares of NASDAQ OSW opened at $23.32 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.19 and a current ratio of 1.88. The company has a market cap of $2.39 billion, a PE ratio of 32.85 and a beta of 1.29. The business has a 50-day simple moving average of $21.60 and a two-hundred day simple moving average of $20.48. OneSpaWorld Holdings Limited has a fifty-two week low of $14.21 and a fifty-two week high of $23.49.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $258.52 million during the quarter, compared to the consensus estimate of $258.41 million. OneSpaWorld had a return on equity of 16.45% and a net margin of 7.90%.The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.26 earnings per share. OneSpaWorld has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that OneSpaWorld Holdings Limited will post 0.9 EPS for the current fiscal year.

OneSpaWorld Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be issued a $0.05 dividend. This is a boost from OneSpaWorld’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 19th. OneSpaWorld’s dividend payout ratio is 23.53%.

Insider Activity

In other OneSpaWorld news, Director Andrew R. Heyer sold 31,289 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $21.59, for a total value of $675,529.51. Following the completion of the sale, the director owned 332,145 shares of the company’s stock, valued at approximately $7,171,010.55. This trade represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Glenn Fusfield sold 11,057 shares of OneSpaWorld stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $22.59, for a total value of $249,777.63. Following the sale, the director directly owned 70,360 shares of the company’s stock, valued at $1,589,432.40. This trade represents a 13.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 235,763 shares of company stock valued at $5,202,595. Corporate insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Wall Street Zen downgraded OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Northcoast Research set a $28.00 price objective on OneSpaWorld and gave the company a “buy” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their price objective on OneSpaWorld from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $24.00.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.