Pinnacle Associates Ltd. Decreases Position in OneSpaWorld Holdings Limited $OSW

Key Points

• Pinnacle Associates trimmed its stake in OneSpaWorld by 5.0% in Q3 to 1,211,833 shares (about 1.19% of the company, ~$25.6M), while other large investors — notably First Trust Advisors — materially increased positions; institutional ownership stands at 95.98%.
• OneSpaWorld slightly missed quarterly estimates with $0.24 EPS vs. $0.26 expected and $242.1M revenue vs. $243.1M, but revenue was up 11.5% year‑over‑year; the company also declared a quarterly dividend of $0.05 (1.0% yield).
• The stock trades around $20.42 with a market cap of $2.07B and a P/E of 29.6, and analysts hold a consensus "Moderate Buy" with a $25 target despite several firms trimming price objectives and mixed ratings.

Pinnacle Associates Ltd. decreased its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,211,833 shares of the company's stock after selling 63,182 shares during the period. Pinnacle Associates Ltd. owned about 1.19% of OneSpaWorld worth $25,618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Blair William & Co. IL raised its stake in shares of OneSpaWorld by 0.6% in the third quarter. Blair William & Co. IL now owns 152,277 shares of the company's stock valued at $3,219,000 after acquiring an additional 924 shares in the last quarter. First Trust Advisors LP grew its stake in OneSpaWorld by 45.6% during the 3rd quarter. First Trust Advisors LP now owns 3,088,830 shares of the company's stock worth $65,298,000 after purchasing an additional 966,889 shares in the last quarter. Champlain Investment Partners LLC grew its stake in OneSpaWorld by 16.5% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,538,421 shares of the company's stock worth $32,522,000 after purchasing an additional 218,401 shares in the last quarter. Royce & Associates LP increased its holdings in OneSpaWorld by 22.7% during the 3rd quarter. Royce & Associates LP now owns 270,059 shares of the company's stock worth $5,709,000 after purchasing an additional 50,003 shares during the period. Finally, American Century Companies Inc. raised its position in OneSpaWorld by 2.7% in the 3rd quarter. American Century Companies Inc. now owns 3,055,737 shares of the company's stock valued at $64,598,000 after purchasing an additional 79,259 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at OneSpaWorld

In other news, Director Walter Field Mclallen sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $20.21, for a total transaction of $101,050.00. Following the completion of the sale, the director owned 154,882 shares in the company, valued at approximately $3,130,165.22. The trade was a 3.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.90% of the company's stock.

OneSpaWorld Trading Down 2.7%

NASDAQ:OSW opened at $20.42 on Monday. OneSpaWorld Holdings Limited has a 1 year low of $14.21 and a 1 year high of $23.54. The stock has a market cap of $2.07 billion, a P/E ratio of 29.59 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.91. The stock has a 50-day simple moving average of $21.12 and a 200-day simple moving average of $21.23.

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

OneSpaWorld Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. OneSpaWorld's dividend payout ratio (DPR) is presently 28.99%.

Analysts Set New Price Targets

A number of brokerages have recently commented on OSW. TD Cowen lowered their price objective on OneSpaWorld from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of OneSpaWorld in a report on Monday, December 29th. Stifel Nicolaus decreased their price target on shares of OneSpaWorld from $27.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, January 15th. Wall Street Zen cut shares of OneSpaWorld from a "buy" rating to a "hold" rating in a report on Sunday, November 30th. Finally, Zacks Research downgraded shares of OneSpaWorld from a "hold" rating to a "strong sell" rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, OneSpaWorld presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.

About OneSpaWorld

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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