Louisiana State Employees Retirement System Makes New Investment in OneSpaWorld Holdings Limited $OSW

Louisiana State Employees Retirement System bought a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) in the 1st quarter, Holdings Channel reports. The institutional investor bought 45,200 shares of the company’s stock, valued at approximately $1,037,000.

Other hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in shares of OneSpaWorld by 0.9% during the second quarter. California State Teachers Retirement System now owns 91,653 shares of the company’s stock worth $1,869,000 after purchasing an additional 849 shares during the last quarter. Diversified Trust Co raised its holdings in OneSpaWorld by 4.2% in the 1st quarter. Diversified Trust Co now owns 21,027 shares of the company’s stock valued at $483,000 after buying an additional 850 shares during the last quarter. Blair William & Co. IL boosted its position in OneSpaWorld by 0.6% during the 3rd quarter. Blair William & Co. IL now owns 152,277 shares of the company’s stock worth $3,219,000 after buying an additional 924 shares during the period. First Horizon Corp boosted its position in OneSpaWorld by 120.4% during the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after buying an additional 975 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in OneSpaWorld by 111.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock worth $49,000 after acquiring an additional 1,244 shares during the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at OneSpaWorld

In other OneSpaWorld news, Director Walter Field Mclallen sold 10,500 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.67, for a total transaction of $259,035.00. Following the sale, the director owned 137,382 shares of the company’s stock, valued at approximately $3,389,213.94. This represents a 7.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew R. Heyer sold 20,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.04, for a total value of $520,800.00. Following the sale, the director owned 489,817 shares of the company’s stock, valued at approximately $12,754,834.68. The trade was a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.60% of the company’s stock.

OneSpaWorld Stock Performance

Shares of OSW stock opened at $28.68 on Friday. The business’s 50 day simple moving average is $25.16 and its 200 day simple moving average is $22.95. OneSpaWorld Holdings Limited has a one year low of $19.06 and a one year high of $29.25. The stock has a market capitalization of $2.91 billion, a PE ratio of 38.24 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.52 and a quick ratio of 1.40.

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

OneSpaWorld Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. OneSpaWorld’s dividend payout ratio is 26.67%.

Analyst Ratings Changes

Several equities analysts have issued reports on OSW shares. Jefferies Financial Group upped their price target on shares of OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. TD Cowen boosted their price objective on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Truist Financial increased their price objective on OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, OneSpaWorld presently has an average rating of “Buy” and a consensus price target of $29.20.

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.