Northern Trust Corp Has $17.94 Million Stake in OneSpaWorld Holdings Limited $OSW

Key Points

• Northern Trust Corp increased its stake in OneSpaWorld Holdings by 9.7%, holding approximately 1.02% of the company, valued at nearly $17.9 million after purchasing an additional 94,036 shares.
• Multiple analysts upgraded their ratings on OneSpaWorld, with price targets increasing, particularly from Stifel Nicolaus and Truist Financial, now standing at $25.00 and $21.00 respectively.
• OneSpaWorld announced a quarterly dividend of $0.04 per share, reflecting an annualized yield of 0.7%, payable to shareholders of record on August 20th.

Northern Trust Corp lifted its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 9.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,068,228 shares of the company's stock after acquiring an additional 94,036 shares during the period. Northern Trust Corp owned 1.02% of OneSpaWorld worth $17,936,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of OneSpaWorld by 9.3% in the 1st quarter. Vanguard Group Inc. now owns 2,982,065 shares of the company's stock valued at $50,069,000 after acquiring an additional 253,112 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of OneSpaWorld by 2,326.2% in the 1st quarter. Victory Capital Management Inc. now owns 2,788,705 shares of the company's stock valued at $46,822,000 after acquiring an additional 2,673,765 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of OneSpaWorld by 16.8% in the 4th quarter. Wellington Management Group LLP now owns 2,092,683 shares of the company's stock valued at $41,644,000 after acquiring an additional 301,651 shares in the last quarter. American Century Companies Inc. raised its stake in shares of OneSpaWorld by 566.4% in the 1st quarter. American Century Companies Inc. now owns 1,448,268 shares of the company's stock valued at $24,316,000 after acquiring an additional 1,230,931 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of OneSpaWorld by 16.7% in the 4th quarter. Nuveen Asset Management LLC now owns 1,339,315 shares of the company's stock valued at $26,652,000 after acquiring an additional 191,178 shares in the last quarter. 95.98% of the stock is owned by institutional investors.

OneSpaWorld Stock Performance

Shares of NASDAQ:OSW traded down $0.17 during trading on Friday, hitting $21.96. 479,927 shares of the stock were exchanged, compared to its average volume of 485,562. OneSpaWorld Holdings Limited has a 1-year low of $14.21 and a 1-year high of $23.28. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 32.29 and a beta of 1.32. The company's fifty day simple moving average is $21.86 and its 200-day simple moving average is $19.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.19 and a current ratio of 1.88.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last announced its quarterly earnings data 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. OneSpaWorld had a return on equity of 15.93% and a net margin of 7.74%.The company had revenue of $240.73 million for the quarter, compared to analyst estimates of $238.28 million. During the same quarter last year, the firm earned $0.20 EPS. OneSpaWorld's revenue for the quarter was up 7.0% compared to the same quarter last year. 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 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 20th. OneSpaWorld's dividend payout ratio (DPR) is presently 23.53%.

Analyst Ratings Changes

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

Insider Activity at OneSpaWorld

In other news, Director Andrew R. Heyer sold 31,289 shares of OneSpaWorld stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $21.59, for a total transaction of $675,529.51. Following the sale, the director owned 332,145 shares of the company's stock, valued at approximately $7,171,010.55. This trade represents a 8.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Glenn Fusfield sold 11,057 shares of OneSpaWorld stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $22.59, for a total value of $249,777.63. Following the sale, the director directly owned 70,360 shares in the company, valued at $1,589,432.40. The trade was a 13.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 238,263 shares of company stock worth $5,250,920 in the last three months. 3.90% of the stock is owned by insiders.

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.