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

Key Points

• BlackRock acquired 9.85 million OneSpaWorld shares worth approximately $278 million, giving it a 9.7% stake. Institutional investors and hedge funds collectively own 95.98% of the company.
• OneSpaWorld exceeded quarterly expectations, reporting $0.29 in EPS and $261.25 million in revenue, up 8.5% year over year. The company also declared a quarterly dividend of $0.05 per share, yielding 0.8% annually.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $30.60 versus the cited share price of $26.47.

BlackRock Inc. acquired a new position in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 9,845,048 shares of the company's stock, valued at approximately $278,024,000. BlackRock Inc. owned approximately 9.70% of OneSpaWorld as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in OneSpaWorld by 395.0% during the 1st quarter. Bank of America Corp DE now owns 3,987,390 shares of the company's stock valued at $91,511,000 after acquiring an additional 3,181,857 shares in the last quarter. Reinhart Partners LLC. purchased a new stake in shares of OneSpaWorld in the fourth quarter valued at about $45,358,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of OneSpaWorld in the first quarter valued at approximately $18,944,000. Bank of New York Mellon Corp acquired a new stake in shares of OneSpaWorld in the second quarter valued at approximately $15,948,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of OneSpaWorld by 108.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,003,892 shares of the company's stock worth $20,821,000 after purchasing an additional 521,497 shares in the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.

OneSpaWorld Stock Up 0.8%

Shares of NASDAQ:OSW opened at $26.47 on Thursday. The company has a current ratio of 2.91, a quick ratio of 1.93 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 33.51 and a beta of 0.91. The stock's 50-day moving average price is $26.80 and its two-hundred day moving average price is $24.49. OneSpaWorld Holdings Limited has a 12-month low of $19.06 and a 12-month high of $29.25.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The company had revenue of $261.25 million during the quarter, compared to the consensus estimate of $260.93 million. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The company's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 EPS. On average, research analysts forecast that OneSpaWorld Holdings Limited will post 1.05 EPS for the current year.

OneSpaWorld Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors 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 yield of 0.8%. OneSpaWorld's dividend payout ratio is 25.32%.

Insider Buying and Selling

In other OneSpaWorld news, Director Andrew R. Heyer sold 25,219 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $26.42, for a total transaction of $666,285.98. Following the completion of the sale, the director owned 306,926 shares of the company's stock, valued at approximately $8,108,984.92. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Walter Field Mclallen sold 10,500 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $24.67, for a total value of $259,035.00. Following the sale, the director owned 137,382 shares of the company's stock, valued at $3,389,213.94. The trade was a 7.10% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 90,500 shares of company stock worth $2,363,762. 3.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on OSW shares. Truist Financial upped their target price on OneSpaWorld from $28.00 to $29.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Wall Street Zen cut OneSpaWorld from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. Stifel Nicolaus increased their price objective on OneSpaWorld from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Jefferies Financial Group boosted their target price on shares of OneSpaWorld from $31.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, June 18th. Finally, TD Cowen upped their target price on shares of OneSpaWorld from $27.00 to $29.00 and gave the company a "buy" rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average 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.

Want to see what other hedge funds are holding OSW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source