Channing Capital Management LLC Has $54.59 Million Stock Position 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 boosted its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 14.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,251,124 shares of the company's stock after buying an additional 416,609 shares during the period. Channing Capital Management LLC owned approximately 3.11% of OneSpaWorld worth $54,586,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Amalgamated Bank grew its stake 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 acquiring an additional 631 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of OneSpaWorld during the 4th quarter worth approximately $81,000. GAMMA Investing LLC grew its stake 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 acquiring an additional 8,284 shares in the last quarter. PharVision Advisers LLC bought a new position in shares of OneSpaWorld during the 4th quarter worth approximately $203,000. Finally, Ethic Inc. bought a new position in shares of OneSpaWorld during the 4th quarter worth approximately $206,000. 95.98% of the stock is currently owned by institutional investors and hedge funds.

OneSpaWorld Price Performance

NASDAQ:OSW opened at $21.70 on Thursday. OneSpaWorld Holdings Limited has a 1-year low of $14.21 and a 1-year high of $23.17. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $21.16 and a 200 day simple moving average of $19.43. The stock has a market capitalization of $2.23 billion, a PE ratio of 31.91 and a beta of 1.38.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate 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 during 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 firm'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. On average, research analysts expect that OneSpaWorld Holdings Limited will post 0.9 EPS for the current fiscal year.

OneSpaWorld Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 20th. OneSpaWorld's payout ratio is 23.53%.

Insiders Place Their Bets

In other OneSpaWorld news, Director Glenn Fusfield sold 13,586 shares of OneSpaWorld stock in a transaction on Monday, August 18th. The shares were sold at an average price of $22.05, for a total transaction of $299,571.30. Following the completion of the transaction, the director directly owned 202,353 shares of the company's stock, valued at $4,461,883.65. The trade was a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Walter Field Mclallen sold 2,500 shares of OneSpaWorld stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $19.33, for a total transaction of $48,325.00. Following the transaction, the director directly owned 154,228 shares of the company's stock, valued at approximately $2,981,227.24. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,210 shares of company stock valued at $873,112. Company insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on OSW shares. TD Securities decreased their price target on shares of OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Cowen reaffirmed a "buy" rating on shares of OneSpaWorld in a research note on Thursday, May 1st. Wall Street Zen raised shares of OneSpaWorld from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Stifel Nicolaus raised their price target on shares of OneSpaWorld from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Truist Financial raised their price target on shares of OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $22.67.

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.

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