OneSpaWorld Holdings Limited $OSW Shares Sold by Fenimore Asset Management Inc

Key Points

• Fenimore Asset Management reduced its stake in OneSpaWorld by 15.1% in Q4, selling 140,883 shares and leaving it with 794,612 shares (about 0.78% of the company) worth $16.48 million, while institutional investors own 95.98% of OSW.
• Analysts are broadly positive on OSW — one Strong Buy, six Buys and one Hold — with an average price target of $27.60 and recent upgrades including TD Cowen to $29 and Jefferies to $30.
• OneSpaWorld beat Q1 expectations with $0.27 EPS (vs. $0.25) and revenue of $247.6M (up 12.8% year-over-year), and announced a $0.05 quarterly dividend (annualized $0.20, ~0.8% yield).

Fenimore Asset Management Inc lessened its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 15.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 794,612 shares of the company's stock after selling 140,883 shares during the quarter. Fenimore Asset Management Inc owned approximately 0.78% of OneSpaWorld worth $16,480,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in OSW. AQR Capital Management LLC increased its position in OneSpaWorld by 41.4% during the 1st quarter. AQR Capital Management LLC now owns 25,286 shares of the company's stock worth $425,000 after purchasing an additional 7,398 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in OneSpaWorld by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,779 shares of the company's stock worth $1,004,000 after purchasing an additional 2,612 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in OneSpaWorld by 50.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,015 shares of the company's stock worth $3,577,000 after purchasing an additional 71,420 shares in the last quarter. Intech Investment Management LLC increased its position in OneSpaWorld by 80.7% during the 1st quarter. Intech Investment Management LLC now owns 92,702 shares of the company's stock worth $1,556,000 after purchasing an additional 41,391 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in OneSpaWorld during the 2nd quarter worth about $213,000. Institutional investors and hedge funds own 95.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OSW shares. Wall Street Zen upgraded OneSpaWorld from a "hold" rating to a "buy" rating in a research report on Saturday. TD Cowen lifted their price objective on OneSpaWorld from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Thursday. Jefferies Financial Group started coverage on OneSpaWorld in a research report on Tuesday, March 24th. They set a "buy" rating and a $30.00 price objective for the company. Zacks Research upgraded OneSpaWorld from a "strong sell" rating to a "hold" rating in a research report on Monday, March 16th. Finally, Stifel Nicolaus dropped their price objective on OneSpaWorld from $27.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $27.60.

OneSpaWorld Stock Up 2.2%

OSW opened at $25.21 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.91 and a quick ratio of 1.10. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 33.61 and a beta of 0.95. The business has a 50-day moving average of $22.68 and a two-hundred day moving average of $21.57. OneSpaWorld Holdings Limited has a 12 month low of $17.85 and a 12 month high of $25.75.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $247.63 million during the quarter, compared to analysts' expectations of $244.51 million. OneSpaWorld had a return on equity of 18.11% and a net margin of 7.85%.The firm's revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. On average, research analysts expect that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, May 20th. OneSpaWorld's payout ratio is currently 26.67%.

OneSpaWorld Profile

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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