Connor Clark & Lunn Investment Management Ltd. Has $1.77 Million Stock Holdings in OneSpaWorld Holdings Limited $OSW

Key Points

• Connor Clark & Lunn Investment Management Ltd. significantly reduced its stake in OneSpaWorld Holdings by 49.1%, leaving it with 105,102 shares valued at approximately $1.77 million.
• OneSpaWorld recently announced a quarterly dividend of $0.04 per share, representing an annualized dividend yield of 0.7% and a payout ratio of 23.53%.
• In its latest earnings report, OneSpaWorld surpassed expectations with an EPS of $0.25, and its revenue increased 7.0% compared to the same quarter last year.

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 49.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,102 shares of the company's stock after selling 101,184 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.10% of OneSpaWorld worth $1,765,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank increased its position in OneSpaWorld by 22.2% during the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock worth $58,000 after buying an additional 631 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in OneSpaWorld during the fourth quarter worth approximately $81,000. GAMMA Investing LLC increased its position in OneSpaWorld by 2,005.8% during the first quarter. GAMMA Investing LLC now owns 8,697 shares of the company's stock worth $146,000 after buying an additional 8,284 shares during the last quarter. PharVision Advisers LLC acquired a new position in OneSpaWorld during the fourth quarter worth approximately $203,000. Finally, Ethic Inc. acquired a new position in OneSpaWorld during the fourth quarter worth approximately $206,000. Institutional investors and hedge funds own 95.98% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on OSW. Wall Street Zen raised OneSpaWorld from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Stifel Nicolaus boosted their price target on OneSpaWorld from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Truist Financial upped their target price on OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, June 9th. William Blair reaffirmed an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Finally, Cowen reaffirmed a "buy" rating on shares of OneSpaWorld in a research report on Thursday, May 1st. Five analysts have rated the stock with a Buy rating, According to MarketBeat, OneSpaWorld has a consensus rating of "Buy" and an average price target of $22.67.

Insider Buying and Selling

In related news, Director Glenn Fusfield sold 23,116 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $21.57, for a total transaction of $498,612.12. Following the sale, the director owned 151,799 shares of the company's stock, valued at $3,274,304.43. This represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew R. Heyer sold 31,289 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $21.59, for a total value of $675,529.51. Following the sale, the director directly owned 332,145 shares in the company, valued at $7,171,010.55. This represents a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,824 shares of company stock worth $3,406,170 in the last three months. 3.90% of the stock is currently owned by company insiders.

OneSpaWorld Stock Performance

Shares of OneSpaWorld stock traded up $0.25 on Thursday, hitting $21.95. The stock had a trading volume of 466,182 shares, compared to its average volume of 517,546. OneSpaWorld Holdings Limited has a twelve month low of $14.21 and a twelve month high of $23.17. The business's 50 day moving average is $21.21 and its two-hundred day moving average is $19.44. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 32.28 and a beta of 1.38.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The company 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts forecast that OneSpaWorld Holdings Limited will post 0.9 EPS for the current year.

OneSpaWorld Announces Dividend

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

OneSpaWorld 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.