Select Equity Group L.P. Decreases Stock Holdings in OneSpaWorld Holdings Limited $OSW

Key Points

• Select Equity Group L.P. sold 866,598 shares of OneSpaWorld Holdings, reducing its stake by 38.9%, now holding 1,358,971 shares valued at approximately $22.8 million.
• Insider trading activity showed that directors sold over 238,000 shares in the last ninety days, prompting questions about management confidence in the stock.
• Analysts have upgraded OneSpaWorld, with five firms now rating it a Buy and raising their price targets, leading to an average target of $22.67.

Select Equity Group L.P. cut its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 38.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,358,971 shares of the company's stock after selling 866,598 shares during the quarter. Select Equity Group L.P. owned 1.30% of OneSpaWorld worth $22,817,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of OSW. Amalgamated Bank boosted its stake in shares of 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 buying an additional 631 shares in the last quarter. Virtus Advisers LLC purchased a new stake in shares of OneSpaWorld in the first quarter valued at approximately $67,000. Smartleaf Asset Management LLC boosted its stake in shares of OneSpaWorld by 27.9% in the first quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company's stock valued at $109,000 after buying an additional 1,443 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of OneSpaWorld by 2,005.8% in the first quarter. GAMMA Investing LLC now owns 8,697 shares of the company's stock valued at $146,000 after buying an additional 8,284 shares in the last quarter. Finally, MQS Management LLC purchased a new stake in shares of OneSpaWorld in the first quarter valued at approximately $185,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

OneSpaWorld Trading Down 2.3%

OSW stock traded down $0.51 during midday trading on Friday, hitting $21.97. The stock had a trading volume of 77,761 shares, compared to its average volume of 751,887. The firm has a market cap of $2.26 billion, a PE ratio of 32.40 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.19. OneSpaWorld Holdings Limited has a 12-month low of $14.21 and a 12-month high of $23.28. The company's 50-day moving average price is $21.96 and its 200 day moving average price is $19.52.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $240.73 million during the quarter, compared to analysts' expectations of $238.28 million. OneSpaWorld had a net margin of 7.74% and a return on equity of 15.93%. OneSpaWorld's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 EPS. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were 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 was Wednesday, August 20th. OneSpaWorld's payout ratio is presently 23.53%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OSW. Stifel Nicolaus raised their price objective on OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Truist Financial lifted their target price on shares of OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. William Blair reaffirmed an "outperform" rating on shares of OneSpaWorld in a research note on Wednesday, July 23rd. Finally, Wall Street Zen raised OneSpaWorld from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $22.67.

Insider Buying and Selling

In other OneSpaWorld news, Director Andrew R. Heyer sold 31,289 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $21.59, for a total transaction of $675,529.51. Following the transaction, the director owned 332,145 shares of the company's stock, valued at $7,171,010.55. This trade represents a 8.61% 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 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 transaction, the director directly owned 151,799 shares in the company, valued at approximately $3,274,304.43. This represents a 13.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 235,763 shares of company stock worth $5,202,595. 3.90% of the stock is currently 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.