Bank of New York Mellon Corp Invests $15.95 Million in OneSpaWorld Holdings Limited $OSW

Key Points

• Bank of New York Mellon acquired 564,734 OneSpaWorld shares worth approximately $15.95 million in the second quarter, giving it a 0.56% stake. Institutional investors collectively own 95.98% of OSW.
• OneSpaWorld exceeded quarterly expectations, reporting $0.29 in EPS and $261.25 million in revenue; revenue rose 8.5% year over year. The company also declared a quarterly dividend of $0.05 per share, equal to a 0.8% annualized yield.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Buy” rating and an average price target of $30.60, above its reported price of $24.83. However, company insiders sold 90,500 shares worth about $2.36 million over the past three months.

Bank of New York Mellon Corp purchased a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 564,734 shares of the company's stock, valued at approximately $15,948,000. Bank of New York Mellon Corp owned approximately 0.56% of OneSpaWorld at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in OSW. AQR Capital Management LLC lifted its position in OneSpaWorld by 41.4% during the 1st quarter. AQR Capital Management LLC now owns 25,286 shares of the company's stock worth $425,000 after buying an additional 7,398 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of OneSpaWorld by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,779 shares of the company's stock valued at $1,004,000 after acquiring an additional 2,612 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of OneSpaWorld by 50.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,015 shares of the company's stock valued at $3,577,000 after acquiring an additional 71,420 shares during the last quarter. Intech Investment Management LLC raised its holdings in OneSpaWorld by 80.7% during the first quarter. Intech Investment Management LLC now owns 92,702 shares of the company's stock worth $1,556,000 after acquiring an additional 41,391 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in OneSpaWorld during the second quarter worth about $213,000. Institutional investors own 95.98% of the company's stock.

OneSpaWorld Stock Performance

NASDAQ OSW opened at $24.83 on Tuesday. The stock has a market cap of $2.52 billion, a PE ratio of 31.43 and a beta of 0.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.93 and a current ratio of 2.91. The firm has a 50-day moving average of $26.69 and a 200-day moving average of $24.56. OneSpaWorld Holdings Limited has a 52-week low of $19.06 and a 52-week high of $29.25.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share 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 analysts' expectations of $260.93 million. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The business's revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS. On average, sell-side analysts anticipate that OneSpaWorld Holdings Limited will post 1.05 EPS for the current year.

OneSpaWorld Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. OneSpaWorld's dividend payout ratio (DPR) is currently 25.32%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OSW. Wall Street Zen downgraded shares of OneSpaWorld from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of OneSpaWorld in a research note on Friday, July 31st. Stifel Nicolaus lifted their price objective on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Truist Financial boosted their price objective on shares of OneSpaWorld from $28.00 to $29.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group upped their target price on shares of OneSpaWorld from $31.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $30.60.

Insiders Place Their Bets

In other 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 completion of the sale, the director 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Walter Field Mclallen sold 10,500 shares of the company's stock in a transaction dated 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 transaction, the director owned 137,382 shares in the company, valued at $3,389,213.94. This trade represents a 7.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 90,500 shares of company stock valued at $2,363,762 in the last three months. Insiders own 3.60% of the company's stock.

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.

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