Panoramic Capital LLC Purchases Shares of 75,218 OneSpaWorld Holdings Limited $OSW

Key Points

• Panoramic Capital LLC acquired a new stake in OneSpaWorld Holdings Limited, purchasing 75,218 shares valued at approximately $1.26 million, making it the firm's 20th largest holding.
• A number of institutional investors, including Ariel Investments and Victory Capital Management, have significantly increased their positions in OneSpaWorld during the first quarter, indicating strong interest in the stock.
• OneSpaWorld recently reported a quarterly EPS of $0.25, slightly surpassing analysts' expectations, with a revenue increase of 7% year-over-year, alongside the announcement of a quarterly dividend of $0.04.

Panoramic Capital LLC acquired a new position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,218 shares of the company's stock, valued at approximately $1,263,000. OneSpaWorld comprises approximately 1.3% of Panoramic Capital LLC's holdings, making the stock its 20th largest position. Panoramic Capital LLC owned approximately 0.07% of OneSpaWorld as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Amalgamated Bank increased its position in shares of OneSpaWorld by 22.2% during the 1st quarter. Amalgamated Bank now owns 3,479 shares of the company's stock valued at $58,000 after purchasing an additional 631 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of OneSpaWorld by 7.3% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,945 shares of the company's stock worth $201,000 after buying an additional 815 shares during the last quarter. Sheets Smith Wealth Management grew its position in OneSpaWorld by 3.8% during the first quarter. Sheets Smith Wealth Management now owns 34,199 shares of the company's stock valued at $574,000 after buying an additional 1,247 shares during the period. Townsquare Capital LLC increased its holdings in OneSpaWorld by 0.7% during the first quarter. Townsquare Capital LLC now owns 213,191 shares of the company's stock worth $3,579,000 after buying an additional 1,428 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in OneSpaWorld by 27.9% during the first quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company's stock worth $109,000 after buying an additional 1,443 shares during the last quarter. 95.98% of the stock is owned by institutional investors.

OneSpaWorld Stock Performance

OSW traded up $0.69 on Thursday, hitting $22.48. The company's stock had a trading volume of 430,711 shares, compared to its average volume of 755,808. OneSpaWorld Holdings Limited has a 12 month low of $14.21 and a 12 month high of $23.28. The firm has a market cap of $2.31 billion, a P/E ratio of 33.06 and a beta of 1.32. 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 company's 50 day simple moving average is $21.94 and its 200-day simple moving average is $19.49.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. OneSpaWorld had a return on equity of 15.93% and a net margin of 7.74%.The firm had revenue of $240.73 million during the quarter, compared to analyst estimates of $238.28 million. During the same period last year, the company earned $0.20 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. 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 announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 20th. OneSpaWorld's payout ratio is presently 23.53%.

Insider Activity

In other news, Director Glenn Fusfield sold 11,057 shares of the stock in a transaction dated Thursday, August 28th. The shares were 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 of the company's stock, valued at approximately $1,589,432.40. This represents a 13.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew R. Heyer sold 31,289 shares of the business's 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 directly owned 332,145 shares of the company's stock, valued at approximately $7,171,010.55. This represents a 8.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 235,763 shares of company stock worth $5,202,595. Company insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

OSW has been the topic of a number of research analyst reports. Truist Financial boosted their target price on shares of OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, June 9th. William Blair reiterated an "outperform" rating on shares of OneSpaWorld in a research note on Wednesday, July 23rd. Stifel Nicolaus increased their price objective on OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Wall Street Zen raised OneSpaWorld from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Five investment 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.

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.