Oak Ridge Investments LLC Has $1.96 Million Holdings in OneSpaWorld Holdings Limited $OSW

Oak Ridge Investments LLC cut its position in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 29.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,323 shares of the company’s stock after selling 38,920 shares during the quarter. Oak Ridge Investments LLC’s holdings in OneSpaWorld were worth $1,956,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new stake in OneSpaWorld in the 3rd quarter valued at $29,000. Aquatic Capital Management LLC acquired a new position in shares of OneSpaWorld in the 3rd quarter valued at $50,000. CIBC Private Wealth Group LLC acquired a new position in shares of OneSpaWorld in the 3rd quarter valued at $87,000. State of Alaska Department of Revenue acquired a new position in shares of OneSpaWorld in the 3rd quarter valued at $116,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of OneSpaWorld by 313.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,274 shares of the company’s stock valued at $189,000 after buying an additional 7,031 shares in the last quarter. 95.98% of the stock is owned by institutional investors.

OneSpaWorld Stock Up 2.3%

OneSpaWorld stock opened at $24.94 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.91 and a quick ratio of 1.10. OneSpaWorld Holdings Limited has a fifty-two week low of $16.16 and a fifty-two week high of $24.97. The company’s 50 day simple moving average is $22.09 and its 200 day simple moving average is $21.29. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 36.15 and a beta of 0.95.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings results 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 company had revenue of $242.13 million during the quarter, compared to analyst estimates of $243.07 million. OneSpaWorld had a net margin of 7.45% and a return on equity of 17.08%. The firm’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 EPS. As a group, sell-side analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 EPS for the current year.

OneSpaWorld Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, March 11th. OneSpaWorld’s dividend payout ratio is 28.99%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OSW. Stifel Nicolaus dropped their price objective on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Truist Financial increased 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. TD Cowen increased their target price on shares of OneSpaWorld from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, March 30th. Jefferies Financial Group initiated coverage on shares of OneSpaWorld in a research report on Tuesday, March 24th. They set a “buy” rating and a $30.00 target price for the company. Finally, Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, OneSpaWorld currently has a consensus rating of “Buy” and a consensus price target of $26.33.

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.