9,845,048 Shares in OneSpaWorld Holdings Limited $OSW Bought by BlackRock Inc.

BlackRock Inc. purchased a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 9,845,048 shares of the company’s stock, valued at approximately $278,024,000. BlackRock Inc. owned approximately 0.10% of OneSpaWorld at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new stake in shares of OneSpaWorld in the second quarter worth about $38,000. Brown Brothers Harriman & Co. acquired a new position in OneSpaWorld during the 4th quarter worth approximately $31,000. Arax Advisory Partners lifted its position in OneSpaWorld by 428.8% during the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after acquiring an additional 1,295 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in OneSpaWorld by 325.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after acquiring an additional 1,478 shares during the period. Finally, Persistent Asset Partners Ltd purchased a new position in OneSpaWorld in the 2nd quarter worth approximately $58,000. 95.98% of the stock is owned by hedge funds and other institutional investors.

OneSpaWorld Price Performance

OSW stock opened at $26.47 on Thursday. The stock’s 50 day moving average is $26.80 and its two-hundred day moving average is $24.49. OneSpaWorld Holdings Limited has a 52-week low of $19.06 and a 52-week high of $29.25. The company has a market capitalization of $2.69 billion, a PE ratio of 33.51 and a beta of 0.91. The company has a quick ratio of 1.93, a current ratio of 2.91 and a debt-to-equity ratio of 0.14.

OneSpaWorld (NASDAQ:OSW) last released its earnings results on Wednesday, July 29th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. OneSpaWorld had a return on equity of 18.36% and a net margin of 8.02%.The company had revenue of $261.25 million during the quarter, compared to analysts’ expectations of $260.93 million. During the same period in the prior year, the business posted $0.19 EPS. The business’s revenue was up 8.5% on a year-over-year basis. Analysts predict that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current fiscal year.

OneSpaWorld Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. OneSpaWorld’s payout ratio is presently 25.32%.

Insider Transactions at OneSpaWorld

In related news, Director Andrew R. Heyer sold 4,781 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $26.07, for a total value of $124,640.67. Following the completion of the sale, the director directly owned 302,145 shares of the company’s stock, valued at $7,876,920.15. The trade was a 1.56% decrease in their ownership of the stock. 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 shares were sold at an average price of $24.67, for a total value of $259,035.00. Following the completion of the sale, the director owned 137,382 shares of the company’s stock, valued at $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. In the last 90 days, insiders sold 90,500 shares of company stock worth $2,363,762. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on OSW. TD Cowen lifted their price objective on shares of OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a report on Friday, July 31st. Stifel Nicolaus lifted their price target on shares of OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group boosted their price objective on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $30.60.

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.