271,072 Shares in OneSpaWorld Holdings Limited $OSW Acquired by Emerald Investment Advisers LLC

Key Points

• Emerald Investment Advisers acquired 271,072 OneSpaWorld shares worth approximately $7.7 million, giving it a 0.27% stake. Institutional investors collectively own 95.98% of the company.
• OneSpaWorld reported quarterly EPS of $0.29, surpassing estimates by $0.01, while revenue rose 8.5% year over year to $261.25 million.
• Analysts maintain a consensus “Buy” rating with a $30.60 price target. The company also declared a quarterly dividend of $0.05 per share, representing a 0.7% yield.

Emerald Investment Advisers LLC purchased a new position in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 271,072 shares of the company's stock, valued at approximately $7,655,000. Emerald Investment Advisers LLC owned approximately 0.27% of OneSpaWorld as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in shares of OneSpaWorld during the fourth quarter valued at approximately $31,000. Arax Advisory Partners raised its position in shares of OneSpaWorld by 428.8% during the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company's stock worth $33,000 after purchasing an additional 1,295 shares during the period. First Horizon Corp lifted its holdings in shares of OneSpaWorld by 120.4% in the 4th quarter. First Horizon Corp now owns 1,785 shares of the company's stock worth $37,000 after purchasing an additional 975 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of OneSpaWorld in the 2nd quarter worth $38,000. Finally, Farther Finance Advisors LLC grew its position in OneSpaWorld by 325.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company's stock valued at $40,000 after purchasing an additional 1,478 shares during the period. Institutional investors own 95.98% of the company's stock.

Insiders Place Their Bets

In related news, Director Andrew R. Heyer sold 4,781 shares of the business's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $26.07, for a total value of $124,640.67. Following the transaction, the director directly owned 302,145 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, Director Walter Field Mclallen sold 10,500 shares of the firm's stock in a transaction dated 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 owned 137,382 shares of the company's stock, valued at $3,389,213.94. This trade represents a 7.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 90,500 shares of company stock worth $2,363,762 over the last quarter. Company insiders own 3.60% of the company's stock.

OneSpaWorld Price Performance

Shares of NASDAQ OSW opened at $26.68 on Friday. The company has a market capitalization of $2.71 billion, a PE ratio of 33.77 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. The stock's 50 day moving average price is $26.81 and its 200-day moving average price is $24.32. OneSpaWorld Holdings Limited has a twelve month low of $19.06 and a twelve month high of $29.25.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $260.93 million. During the same period last year, the business posted $0.19 earnings per share. OneSpaWorld's revenue was up 8.5% on a year-over-year basis. On average, equities analysts anticipate that OneSpaWorld Holdings Limited will post 1.05 EPS for the current year.

OneSpaWorld Dividend Announcement

The firm 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 dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. OneSpaWorld's dividend payout ratio (DPR) is currently 25.32%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. TD Cowen upped their price objective on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of OneSpaWorld in a research note on Friday, July 31st. Stifel Nicolaus boosted their price objective on OneSpaWorld from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Truist Financial raised their target price on OneSpaWorld from $28.00 to $29.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, Wall Street Zen downgraded OneSpaWorld from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target 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.

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