Lisanti Capital Growth LLC Takes $4.81 Million Position in OneSpaWorld Holdings Limited $OSW

Key Points

• Lisanti Capital Growth LLC acquired 170,180 OneSpaWorld shares worth approximately $4.81 million, representing about 0.17% of the company. Institutional investors collectively own 95.98% of OSW.
• OneSpaWorld reported quarterly EPS of $0.29, beating 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, for an annualized yield of 0.8%.
• Analysts maintain a consensus “Buy” rating, with an average price target of $30.60; recent targets range from $29 to $35. Meanwhile, insiders have sold 90,500 shares worth $2.36 million over the past 90 days.

Lisanti Capital Growth LLC purchased a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 170,180 shares of the company's stock, valued at approximately $4,806,000. Lisanti Capital Growth LLC owned about 0.17% of OneSpaWorld as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in OneSpaWorld in the 2nd quarter valued at about $278,024,000. Bank of America Corp DE raised its position in OneSpaWorld by 395.0% in the 1st quarter. Bank of America Corp DE now owns 3,987,390 shares of the company's stock worth $91,511,000 after purchasing an additional 3,181,857 shares during the last quarter. Reinhart Partners LLC. lifted its holdings in OneSpaWorld by 2.0% during the 2nd quarter. Reinhart Partners LLC. now owns 3,962,810 shares of the company's stock worth $111,910,000 after buying an additional 78,022 shares in the last quarter. First Trust Advisors LP lifted its holdings in OneSpaWorld by 2.9% during the 4th quarter. First Trust Advisors LP now owns 3,179,211 shares of the company's stock worth $65,937,000 after buying an additional 90,381 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of OneSpaWorld by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 3,017,136 shares of the company's stock worth $62,575,000 after acquiring an additional 89,191 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company's stock.

Insider Buying and Selling

In other news, Director Andrew R. Heyer sold 25,219 shares of OneSpaWorld stock in a transaction on Friday, August 7th. The shares were sold at an average price of $26.42, for a total transaction of $666,285.98. Following the transaction, the director directly owned 306,926 shares of the company's stock, valued at $8,108,984.92. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Walter Field Mclallen sold 10,500 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.67, for a total transaction of $259,035.00. Following the completion of the transaction, the director directly owned 137,382 shares of the company's stock, valued at $3,389,213.94. This trade represents a 7.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 90,500 shares of company stock valued at $2,363,762. Corporate insiders own 3.60% of the company's stock.

OneSpaWorld Trading Up 0.8%

NASDAQ:OSW opened at $26.39 on Thursday. 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 Holdings Limited has a 1-year low of $19.06 and a 1-year high of $29.25. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 33.41 and a beta of 0.91. The business's 50-day moving average price is $26.76 and its two-hundred day moving average price is $24.26.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $261.25 million during the quarter, compared to analyst estimates of $260.93 million. OneSpaWorld had a return on equity of 18.36% and a net margin of 8.02%.The company's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 EPS. On average, equities analysts expect that OneSpaWorld Holdings Limited will post 1.05 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 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. OneSpaWorld's payout ratio is currently 25.32%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OSW shares. Wall Street Zen cut OneSpaWorld from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. Stifel Nicolaus raised their target price on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of OneSpaWorld in a research report on Friday, July 31st. Jefferies Financial Group boosted their price target 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. Finally, TD Cowen lifted their target price on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, OneSpaWorld presently has a consensus rating of "Buy" and an average price target 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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