Deutsche Bank AG Makes New Investment in OneSpaWorld Holdings Limited $OSW

Key Points

• Deutsche Bank acquired 104,844 shares of OneSpaWorld in the second quarter, worth approximately $2.96 million and representing a 0.10% stake. Institutional investors and hedge funds collectively own 95.98% of the company.
• OneSpaWorld reported quarterly EPS of $0.29, exceeding estimates by $0.01, while revenue rose 8.5% year over year to $261.25 million. The company also declared a quarterly dividend of $0.05 per share, equating to a 0.8% yield.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $30.60, compared with the stock’s reported price of $26.47. Insiders, however, sold 90,500 shares over the past three months.

Deutsche Bank AG purchased a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 104,844 shares of the company's stock, valued at approximately $2,961,000. Deutsche Bank AG owned 0.10% of OneSpaWorld as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in shares of OneSpaWorld by 0.9% in the second quarter. California State Teachers Retirement System now owns 91,653 shares of the company's stock worth $1,869,000 after buying an additional 849 shares during the period. Diversified Trust Co grew its position in OneSpaWorld by 4.2% in the first quarter. Diversified Trust Co now owns 21,027 shares of the company's stock worth $483,000 after acquiring an additional 850 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in OneSpaWorld by 111.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company's stock worth $49,000 after buying an additional 1,244 shares during the last quarter. Arax Advisory Partners increased its holdings in shares of OneSpaWorld by 428.8% during the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company's stock valued at $33,000 after acquiring an additional 1,295 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in OneSpaWorld by 10.1% during the second quarter. Captrust Financial Advisors now owns 14,389 shares of the company's stock valued at $293,000 after purchasing an additional 1,325 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company's stock.

OneSpaWorld Price Performance

Shares of OneSpaWorld stock opened at $26.47 on Thursday. The firm's 50-day moving average price is $26.80 and its two-hundred day moving average price is $24.49. OneSpaWorld Holdings Limited has a 1-year low of $19.06 and a 1-year high of $29.25. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 33.51 and a beta of 0.91. The company has a current ratio of 2.91, a quick ratio of 1.93 and a debt-to-equity ratio of 0.14.

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

OneSpaWorld Announces Dividend

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

Insider Buying and Selling

In other OneSpaWorld news, Director Andrew R. Heyer sold 4,781 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $26.07, for a total transaction of $124,640.67. Following the transaction, the director owned 302,145 shares in the company, valued at approximately $7,876,920.15. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter Field Mclallen sold 10,500 shares of OneSpaWorld stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.67, for a total transaction of $259,035.00. Following the transaction, the director directly owned 137,382 shares in the company, valued at $3,389,213.94. The trade was a 7.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 90,500 shares of company stock valued at $2,363,762. 3.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

OSW has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of OneSpaWorld in a research note on Friday, July 31st. Stifel Nicolaus upped their price target on OneSpaWorld from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Jefferies Financial Group raised their price objective on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, June 18th. Truist Financial boosted their target price on shares of OneSpaWorld from $28.00 to $29.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, TD Cowen increased their price target on shares of OneSpaWorld from $27.00 to $29.00 and gave the company a "buy" rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $30.60.

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.

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