Channing Capital Management LLC Raises Stock Holdings in OneSpaWorld Holdings Limited $OSW

Key Points

• Channing Capital Management LLC increased its stake in OneSpaWorld Holdings Limited by 14.7%, now holding approximately 3.11% of the company, valued at about $54.59 million.
• OneSpaWorld reported earnings of $0.25 per share for the last quarter, beating expectations and reflecting a 7.0% increase in year-over-year revenue.
• The company declared a quarterly dividend of $0.04 per share, with an annualized yield of 0.7%, indicating a payout ratio of 23.53%.

Channing Capital Management LLC increased its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 14.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,251,124 shares of the company's stock after purchasing an additional 416,609 shares during the quarter. Channing Capital Management LLC owned 3.11% of OneSpaWorld worth $54,586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank increased its position in shares of OneSpaWorld by 22.2% during the 1st quarter. Amalgamated Bank now owns 3,479 shares of the company's stock worth $58,000 after purchasing an additional 631 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of OneSpaWorld during the 4th quarter worth about $81,000. GAMMA Investing LLC increased its position in shares of OneSpaWorld by 2,005.8% during the 1st quarter. GAMMA Investing LLC now owns 8,697 shares of the company's stock worth $146,000 after purchasing an additional 8,284 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of OneSpaWorld during the 4th quarter worth about $203,000. Finally, Ethic Inc. acquired a new position in OneSpaWorld in the 4th quarter valued at about $206,000. 95.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Cowen reaffirmed a "buy" rating on shares of OneSpaWorld in a research report on Thursday, May 1st. William Blair reaffirmed an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Wall Street Zen downgraded OneSpaWorld from a "buy" rating to a "hold" rating in a research report on Saturday. TD Securities decreased their price objective on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Stifel Nicolaus lifted their price objective on OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, OneSpaWorld presently has a consensus rating of "Buy" and a consensus target price of $22.67.

Insider Activity at OneSpaWorld

In related news, Director Andrew R. Heyer sold 31,289 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $21.59, for a total transaction of $675,529.51. Following the completion of the sale, the director owned 332,145 shares in the company, valued at $7,171,010.55. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glenn Fusfield sold 23,116 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $21.57, for a total value of $498,612.12. Following the sale, the director owned 151,799 shares of the company's stock, valued at approximately $3,274,304.43. The trade was a 13.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,824 shares of company stock valued at $3,406,170. 3.90% of the stock is owned by company insiders.

OneSpaWorld Stock Up 1.1%

Shares of OSW traded up $0.25 during midday trading on Tuesday, hitting $22.69. The company had a trading volume of 139,441 shares, compared to its average volume of 769,174. The company's 50-day simple moving average is $21.36 and its 200-day simple moving average is $19.42. The firm has a market capitalization of $2.33 billion, a P/E ratio of 33.36 and a beta of 1.38. OneSpaWorld Holdings Limited has a 1 year low of $14.21 and a 1 year high of $23.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.19 and a current ratio of 1.88.

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

OneSpaWorld Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be paid a dividend of $0.04 per share. 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 presently 23.53%.

About OneSpaWorld

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.