OneSpaWorld Holdings Limited $OSW Stock Position Trimmed by DAVENPORT & Co LLC

Key Points

• DAVENPORT & Co LLC trimmed its stake in OneSpaWorld by 13.8% in Q4, selling 255,605 shares and finishing the quarter with 1,596,675 shares (≈1.57% ownership) valued at about $33.12 million.
• OneSpaWorld reported Q4 EPS of $0.24, missing consensus by $0.02 with revenue of $242.13 million (up 11.5% YoY but slightly below estimates), and announced a $0.05 quarterly dividend (annualized $0.20, 0.9% yield) payable March 25.
• Analyst sentiment is broadly positive—a consensus "Buy" with an average price target of $25.83—and the stock trades with a market cap of roughly $2.33 billion and a PE of 33.28.

DAVENPORT & Co LLC trimmed its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 13.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,596,675 shares of the company's stock after selling 255,605 shares during the period. DAVENPORT & Co LLC owned 1.57% of OneSpaWorld worth $33,115,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ariel Investments LLC raised its holdings in shares of OneSpaWorld by 23.3% during the second quarter. Ariel Investments LLC now owns 13,213,156 shares of the company's stock valued at $269,416,000 after buying an additional 2,499,851 shares during the last quarter. American Century Companies Inc. grew its holdings in OneSpaWorld by 105.5% in the 2nd quarter. American Century Companies Inc. now owns 2,976,478 shares of the company's stock worth $60,690,000 after buying an additional 1,528,210 shares in the last quarter. First Trust Advisors LP grew its holdings in OneSpaWorld by 45.6% in the 3rd quarter. First Trust Advisors LP now owns 3,088,830 shares of the company's stock worth $65,298,000 after buying an additional 966,889 shares in the last quarter. Bessemer Group Inc. increased its position in OneSpaWorld by 3,988.8% in the 3rd quarter. Bessemer Group Inc. now owns 924,726 shares of the company's stock valued at $19,550,000 after acquiring an additional 902,110 shares during the period. Finally, Champlain Investment Partners LLC raised its stake in OneSpaWorld by 26.0% during the 2nd quarter. Champlain Investment Partners LLC now owns 1,320,020 shares of the company's stock valued at $26,915,000 after acquiring an additional 272,570 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company's stock.

OneSpaWorld Stock Up 6.0%

Shares of OneSpaWorld stock opened at $22.96 on Wednesday. OneSpaWorld Holdings Limited has a 12-month low of $14.21 and a 12-month high of $23.56. The firm has a market capitalization of $2.33 billion, a PE ratio of 33.28 and a beta of 0.99. The company has a quick ratio of 1.10, a current ratio of 1.91 and a debt-to-equity ratio of 0.15. The stock's fifty day moving average is $21.07 and its 200-day moving average is $21.13.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.02). The company had revenue of $242.13 million during the quarter, compared to analyst estimates of $243.07 million. OneSpaWorld had a net margin of 7.45% and a return on equity of 17.08%. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 EPS. Equities analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, March 11th. OneSpaWorld's dividend payout ratio (DPR) is presently 28.99%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OSW shares. Jefferies Financial Group started coverage on OneSpaWorld in a research report on Tuesday. They set a "buy" rating and a $30.00 price target for the company. Stifel Nicolaus cut their price objective on shares of OneSpaWorld from $27.00 to $26.00 and set a "buy" rating on the stock in a research note on Thursday, January 15th. Truist Financial upped their price objective on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, February 17th. Zacks Research upgraded shares of OneSpaWorld from a "strong sell" rating to a "hold" rating in a research report on Monday, March 16th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of OneSpaWorld in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $25.83.

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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