Emmett Investment Management LP Sells 38,585 Shares of OneSpaWorld Holdings Limited $OSW

Key Points

• Emmett Investment Management LP reduced its stake in OneSpaWorld Holdings Limited by 17.7%, owning 179,194 shares after selling 38,585 shares during the first quarter.
• Institutional ownership of OneSpaWorld is high at 95.98%, with Victory Capital Management Inc. significantly increasing its stake by 2,326.2% during the same period.
• OneSpaWorld announced a quarterly dividend of $0.04 per share, giving it a 0.7% yield, and has set earnings guidance for FY 2025.

Emmett Investment Management LP reduced its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 17.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 179,194 shares of the company's stock after selling 38,585 shares during the period. OneSpaWorld comprises about 2.7% of Emmett Investment Management LP's investment portfolio, making the stock its 20th biggest position. Emmett Investment Management LP owned 0.17% of OneSpaWorld worth $2,989,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC bought a new position in shares of OneSpaWorld in the fourth quarter worth about $648,000. Wells Fargo & Company MN raised its stake in shares of OneSpaWorld by 115.4% in the fourth quarter. Wells Fargo & Company MN now owns 187,342 shares of the company's stock worth $3,728,000 after acquiring an additional 100,351 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of OneSpaWorld by 25.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 147,140 shares of the company's stock worth $2,928,000 after acquiring an additional 29,847 shares during the last quarter. Invesco Ltd. raised its stake in shares of OneSpaWorld by 336.4% in the fourth quarter. Invesco Ltd. now owns 326,506 shares of the company's stock worth $6,497,000 after acquiring an additional 251,690 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of OneSpaWorld by 13.1% in the fourth quarter. Legal & General Group Plc now owns 125,272 shares of the company's stock worth $2,493,000 after acquiring an additional 14,532 shares during the last quarter. 95.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. 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 boosted their target price 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. TD Securities dropped their target price 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. Truist Financial boosted their target price 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. Finally, Cowen reiterated a "buy" rating on shares of OneSpaWorld in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, OneSpaWorld has a consensus rating of "Buy" and a consensus target price of $22.67.

OneSpaWorld Trading Up 4.6%

Shares of NASDAQ:OSW traded up $1.02 during trading on Friday, hitting $22.97. 701,858 shares of the company's stock were exchanged, compared to its average volume of 518,908. OneSpaWorld Holdings Limited has a 1-year low of $14.21 and a 1-year high of $23.17. The firm has a 50-day moving average price of $21.30 and a two-hundred day moving average price of $19.45. 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 market cap of $2.36 billion, a P/E ratio of 33.78 and a beta of 1.38.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 7.74% and a return on equity of 15.93%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

OneSpaWorld Announces Dividend

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

Insider Buying and Selling

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 shares were sold at an average price of $21.59, for a total transaction of $675,529.51. Following the completion of the transaction, the director owned 332,145 shares in the company, valued at approximately $7,171,010.55. The trade was a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glenn Fusfield sold 23,116 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $21.57, for a total transaction of $498,612.12. Following the transaction, the director owned 151,799 shares of the company's stock, valued at approximately $3,274,304.43. This represents 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. Corporate insiders own 3.90% of the company's stock.

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.