Kings Path Partners LLC Has $356,000 Stake in OneSpaWorld Holdings Limited $OSW

Key Points

• Kings Path Partners LLC has reduced its stake in OneSpaWorld Holdings Limited by 56%, now holding shares worth $356,000 after selling 22,220 shares in the second quarter.
• Multiple institutional investors, including Amalgamated Bank and Pinnacle Wealth Management Advisory Group LLC, have increased their positions in OneSpaWorld, reflecting growing interest in the company.
• Analysts have a consensus buy rating for OneSpaWorld, with several firms increasing their price targets, indicating positive market sentiment.

Kings Path Partners LLC lowered its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 56.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,460 shares of the company's stock after selling 22,220 shares during the quarter. Kings Path Partners LLC's holdings in OneSpaWorld were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Amalgamated Bank lifted 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 buying an additional 631 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of OneSpaWorld by 7.3% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,945 shares of the company's stock worth $201,000 after buying an additional 815 shares in the last quarter. Sheets Smith Wealth Management lifted its position in shares of OneSpaWorld by 3.8% during the 1st quarter. Sheets Smith Wealth Management now owns 34,199 shares of the company's stock worth $574,000 after buying an additional 1,247 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of OneSpaWorld by 0.7% during the 1st quarter. Townsquare Capital LLC now owns 213,191 shares of the company's stock worth $3,579,000 after buying an additional 1,428 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of OneSpaWorld by 27.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company's stock worth $109,000 after buying an additional 1,443 shares in the last quarter. Institutional investors own 95.98% of the company's stock.

Insider Buying and Selling

In other news, Director Glenn Fusfield sold 23,116 shares of the business's stock in a transaction 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 completion of the transaction, the director directly owned 151,799 shares in the company, valued at $3,274,304.43. The trade was a 13.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew R. Heyer sold 31,289 shares of the business's stock in a transaction 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 transaction, the director owned 332,145 shares of the company's stock, valued at $7,171,010.55. This trade represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 235,763 shares of company stock valued at $5,202,595 over the last quarter. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on OSW shares. Truist Financial lifted their target price on shares of OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Wall Street Zen raised shares of OneSpaWorld from a "hold" rating to a "buy" rating in a report on Friday, September 5th. William Blair reaffirmed an "outperform" rating on shares of OneSpaWorld in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus lifted their price target on shares of OneSpaWorld from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $22.67.

OneSpaWorld Trading Down 2.9%

NASDAQ:OSW opened at $21.82 on Friday. 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 stock has a market capitalization of $2.24 billion, a PE ratio of 32.09 and a beta of 1.32. The firm's 50 day moving average is $21.97 and its 200 day moving average is $19.54. OneSpaWorld Holdings Limited has a 12 month low of $14.21 and a 12 month high of $23.28.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. OneSpaWorld had a net margin of 7.74% and a return on equity of 15.93%. The company had revenue of $240.73 million for the quarter, compared to analysts' expectations of $238.28 million. During the same quarter in the previous year, the firm posted $0.20 EPS. OneSpaWorld'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. Sell-side analysts expect that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

OneSpaWorld Announces Dividend

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

OneSpaWorld Company Profile

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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