Bank of America Corp DE Has $91.51 Million Stock Position in OneSpaWorld Holdings Limited $OSW

Key Points

• Bank of America significantly increased its OneSpaWorld position by 395% in the first quarter, holding 3.99 million shares worth approximately $91.5 million. Institutional investors collectively own 95.98% of OSW.
• OneSpaWorld exceeded quarterly expectations, reporting $0.29 EPS versus the $0.28 consensus and revenue of $261.25 million, up 8.5% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying an average “Buy” rating and a $30.60 price target; the company also announced a $0.05 quarterly dividend.

Bank of America Corp DE lifted its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 395.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,987,390 shares of the company's stock after purchasing an additional 3,181,857 shares during the period. Bank of America Corp DE owned 3.93% of OneSpaWorld worth $91,511,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. California State Teachers Retirement System increased its position in OneSpaWorld by 31.1% during the first quarter. California State Teachers Retirement System now owns 126,277 shares of the company's stock worth $2,898,000 after buying an additional 29,931 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of OneSpaWorld by 21.2% during the 1st quarter. Quantinno Capital Management LP now owns 31,931 shares of the company's stock worth $733,000 after acquiring an additional 5,595 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of OneSpaWorld during the 1st quarter valued at about $276,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of OneSpaWorld during the 1st quarter valued at about $18,944,000. Finally, Sei Investments Co. raised its stake in shares of OneSpaWorld by 28.4% in the 1st quarter. Sei Investments Co. now owns 78,292 shares of the company's stock valued at $1,797,000 after acquiring an additional 17,318 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors.

OneSpaWorld Stock Down 1.2%

NASDAQ OSW opened at $26.21 on Friday. OneSpaWorld Holdings Limited has a twelve month low of $19.06 and a twelve month high of $29.25. The stock has a market cap of $2.66 billion, a PE ratio of 33.18 and a beta of 0.91. The firm has a 50-day simple moving average of $26.36 and a 200 day simple moving average of $23.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.93 and a current ratio of 2.91.

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

OneSpaWorld Announces Dividend

The company also recently disclosed 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 is Wednesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. OneSpaWorld's payout ratio is currently 25.32%.

Insider Buying and Selling

In other OneSpaWorld news, Director Andrew R. Heyer sold 20,000 shares of OneSpaWorld stock in a transaction on Monday, June 15th. The shares were sold at an average price of $26.04, for a total transaction of $520,800.00. Following the sale, the director owned 489,817 shares in the company, valued at $12,754,834.68. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Walter Field Mclallen sold 10,500 shares of the business'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 completion of the sale, the director directly owned 137,382 shares in the company, valued at $3,389,213.94. This trade represents a 7.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.60% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on OSW shares. Weiss Ratings restated a "buy (b)" rating on shares of OneSpaWorld in a research note on Friday, July 31st. Truist Financial raised their target price on shares of 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 downgraded shares of OneSpaWorld from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. TD Cowen boosted their target price on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Stifel Nicolaus upped their price target on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $30.60.

OneSpaWorld Profile

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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