OneSpaWorld Holdings Limited $OSW Shares Sold by Lord Abbett & CO. LLC

Key Points

• Lord Abbett & CO. LLC reduced its stake in OneSpaWorld Holdings Limited by 50.1%, holding approximately 0.32% of the company after selling over 333,000 shares in the first quarter.
• Multiple institutional investors have recently adjusted their positions, with Russell Investments Group Ltd. increasing its stake by 23.0% and Vanguard Group Inc. raising its position by 9.3% during the same period.
• OneSpaWorld plans to pay a quarterly dividend of $0.04 per share, reflecting a 0.7% yield, with the payout ratio at 23.53%.

Lord Abbett & CO. LLC lowered its position in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 50.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332,078 shares of the company's stock after selling 333,423 shares during the period. Lord Abbett & CO. LLC owned approximately 0.32% of OneSpaWorld worth $5,576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank grew its holdings in OneSpaWorld by 22.2% in the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock valued at $58,000 after purchasing an additional 631 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of OneSpaWorld in the 4th quarter worth about $81,000. GAMMA Investing LLC grew its stake in OneSpaWorld by 2,005.8% in the 1st quarter. GAMMA Investing LLC now owns 8,697 shares of the company's stock valued at $146,000 after acquiring an additional 8,284 shares during the last quarter. MQS Management LLC acquired a new stake in OneSpaWorld in the 1st quarter valued at about $185,000. Finally, Diversified Trust Co purchased a new position in OneSpaWorld during the 1st quarter valued at about $191,000. 95.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OSW has been the topic of several recent research reports. Stifel Nicolaus upped their price target on shares of OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Truist Financial lifted their price objective on 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 OneSpaWorld from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. William Blair reissued an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Finally, Cowen reissued a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $22.67.

Insider Activity at OneSpaWorld

In other OneSpaWorld news, Director Glenn Fusfield sold 13,586 shares of the stock in a transaction that occurred 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 transaction, the director owned 202,353 shares of the company's stock, valued at $4,461,883.65. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Walter Field Mclallen sold 2,500 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $19.33, for a total value of $48,325.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 40,210 shares of company stock valued at $873,112 in the last ninety days. 3.90% of the stock is currently owned by company insiders.

OneSpaWorld Trading Up 1.1%

Shares of OSW stock traded up $0.2440 during mid-day trading on Thursday, hitting $21.9440. 305,094 shares of the company's stock were exchanged, compared to its average volume of 775,116. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 32.25 and a beta of 1.38. The stock has a 50-day simple moving average of $21.16 and a two-hundred day simple moving average of $19.43. OneSpaWorld Holdings Limited has a fifty-two week low of $14.21 and a fifty-two week high of $23.17. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.17.

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, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $240.73 million for the quarter, compared to the consensus estimate of $238.28 million. OneSpaWorld had a return on equity of 15.93% and a net margin of 7.74%.The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 earnings per share. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that OneSpaWorld Holdings Limited will post 0.9 EPS for the current fiscal year.

OneSpaWorld Announces Dividend

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