Algert Global LLC Lowers Holdings in OneSpaWorld Holdings Limited $OSW

Key Points

• Algert Global LLC has reduced its stake in OneSpaWorld by 57.4%, owning approximately 149,752 shares worth $2.5 million after selling over 202,000 shares in the first quarter.
• OneSpaWorld recently reported earnings of $0.25 per share, surpassing analysts' expectations, and had a revenue increase of 7% compared to the same quarter last year.
• The company has declared a quarterly dividend of $0.04 per share, representing a 0.7% yield, with a payout ratio of 23.53%.

Algert Global LLC decreased its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 57.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 149,752 shares of the company's stock after selling 202,187 shares during the quarter. Algert Global LLC owned about 0.14% of OneSpaWorld worth $2,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Amalgamated Bank increased its holdings in shares of OneSpaWorld by 22.2% during the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock valued at $58,000 after acquiring an additional 631 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of OneSpaWorld in the 4th quarter worth about $81,000. GAMMA Investing LLC lifted its holdings in OneSpaWorld by 2,005.8% during the first quarter. GAMMA Investing LLC now owns 8,697 shares of the company's stock valued at $146,000 after purchasing an additional 8,284 shares during the last quarter. MQS Management LLC purchased a new position in shares of OneSpaWorld in the first quarter valued at $185,000. Finally, Diversified Trust Co purchased a new position in OneSpaWorld during the first quarter valued at approximately $191,000. Institutional investors and hedge funds own 95.98% of the company's stock.

Insider Buying and Selling at OneSpaWorld

In other OneSpaWorld news, Director Glenn Fusfield sold 23,116 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $21.57, for a total transaction of $498,612.12. Following the completion of the transaction, the director owned 151,799 shares of the company's stock, valued at approximately $3,274,304.43. This trade represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrew R. Heyer sold 31,289 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $21.59, for a total value of $675,529.51. Following the transaction, the director directly owned 332,145 shares of the company's stock, valued at $7,171,010.55. This represents a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,824 shares of company stock valued at $3,406,170 in the last three months. Insiders own 3.90% of the company's stock.

OneSpaWorld Price Performance

NASDAQ OSW traded down $0.4190 on Monday, reaching $22.5510. 175,414 shares of the company's stock traded hands, compared to its average volume of 772,058. OneSpaWorld Holdings Limited has a 12 month low of $14.21 and a 12 month high of $23.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.19. The stock has a 50-day simple moving average of $21.30 and a 200 day simple moving average of $19.42. The stock has a market cap of $2.32 billion, a PE ratio of 33.16 and a beta of 1.38.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. OneSpaWorld had a net margin of 7.74% and a return on equity of 15.93%. The business had revenue of $240.73 million for the quarter, compared to analysts' expectations of $238.28 million. During the same period last year, the business earned $0.20 earnings per share. The business's quarterly revenue was up 7.0% on a year-over-year basis. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

OneSpaWorld Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $0.16 annualized dividend and a yield of 0.7%. OneSpaWorld's payout ratio is 23.53%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, June 9th. TD Securities decreased their price target on shares of OneSpaWorld from $24.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wall Street Zen cut shares of OneSpaWorld from a "buy" rating to a "hold" rating in a research report on Saturday. Cowen restated a "buy" rating on shares of OneSpaWorld in a research report on Thursday, May 1st. Finally, William Blair restated an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, OneSpaWorld currently has an average rating of "Buy" and an average price target of $22.67.

OneSpaWorld Profile

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.