Ariel Investments LLC Raises Position in OneSpaWorld Holdings Limited $OSW

Key Points

• Ariel Investments LLC increased its stake in OneSpaWorld Holdings Limited by 37.7% during the 1st quarter, owning a total of 10,713,305 shares valued at approximately $179.88 million.
• OneSpaWorld reported a quarterly EPS of $0.25, surpassing analysts' expectations of $0.24, with a revenue increase of 7.0% compared to the previous year.
• The company is set to pay a $0.04 per share dividend on September 3rd, resulting in a 0.7% yield and a payout ratio of 23.53%.

Ariel Investments LLC lifted its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 37.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,713,305 shares of the company's stock after purchasing an additional 2,932,284 shares during the period. OneSpaWorld comprises 2.1% of Ariel Investments LLC's investment portfolio, making the stock its 19th biggest position. Ariel Investments LLC owned about 10.24% of OneSpaWorld worth $179,876,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of OSW. Channing Capital Management LLC grew its stake in OneSpaWorld by 14.7% during the 1st quarter. Channing Capital Management LLC now owns 3,251,124 shares of the company's stock valued at $54,586,000 after acquiring an additional 416,609 shares in the last quarter. Vanguard Group Inc. grew its stake in OneSpaWorld by 9.3% during the 1st quarter. Vanguard Group Inc. now owns 2,982,065 shares of the company's stock valued at $50,069,000 after acquiring an additional 253,112 shares in the last quarter. Victory Capital Management Inc. grew its stake in OneSpaWorld by 2,326.2% during the 1st quarter. Victory Capital Management Inc. now owns 2,788,705 shares of the company's stock valued at $46,822,000 after acquiring an additional 2,673,765 shares in the last quarter. Wellington Management Group LLP grew its stake in OneSpaWorld by 16.8% during the 4th quarter. Wellington Management Group LLP now owns 2,092,683 shares of the company's stock valued at $41,644,000 after acquiring an additional 301,651 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of OneSpaWorld by 566.4% in the 1st quarter. American Century Companies Inc. now owns 1,448,268 shares of the company's stock valued at $24,316,000 after buying an additional 1,230,931 shares during the period. Hedge funds and other institutional investors own 95.98% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OSW. Stifel Nicolaus increased their price target on shares of OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of OneSpaWorld from a "hold" rating to a "buy" rating in a research note on Friday. William Blair restated an "outperform" rating on shares of OneSpaWorld in a report on Wednesday, July 23rd. Finally, Truist Financial upped their price objective on shares of OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $22.67.

OneSpaWorld Stock Down 0.8%

OneSpaWorld stock traded down $0.17 during mid-day trading on Friday, reaching $21.96. 479,927 shares of the company's stock were exchanged, compared to its average volume of 477,302. The company has a market cap of $2.26 billion, a P/E ratio of 32.29 and a beta of 1.32. OneSpaWorld Holdings Limited has a twelve month low of $14.21 and a twelve month high of $23.28. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $21.86 and a 200-day moving average of $19.45.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.25 earnings per share 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 analyst estimates of $238.28 million. During the same period last year, the business earned $0.20 EPS. The company's 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. Sell-side analysts expect that OneSpaWorld Holdings Limited will post 0.9 EPS for the current year.

OneSpaWorld Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 20th. OneSpaWorld's dividend payout ratio (DPR) is presently 23.53%.

Insider Buying and Selling at OneSpaWorld

In other OneSpaWorld news, 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 transaction of $675,529.51. Following the transaction, the director directly owned 332,145 shares of the company's stock, valued at approximately $7,171,010.55. This trade represents a 8.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the director directly owned 151,799 shares in the company, valued at $3,274,304.43. The trade was a 13.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 238,263 shares of company stock worth $5,250,920 over the last three months. 3.90% of the stock is currently owned by insiders.

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.