Royce & Associates LP Raises Stock Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Key Points

• Royce & Associates LP increased its stake in OneSpaWorld Holdings Limited (OSW) by 17.1%, owning approximately 220,056 shares worth about $3.70 million as of the latest quarter.
• OneSpaWorld recently declared a quarterly dividend of $0.04 per share, reflecting a 0.72% dividend yield with a payout ratio of 25%.
• Wall Street analysts currently rate OneSpaWorld as a "buy," with an average target price of $21.25, following multiple recent adjustments to their price targets.

Royce & Associates LP raised its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 17.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 220,056 shares of the company's stock after buying an additional 32,056 shares during the quarter. Royce & Associates LP owned 0.21% of OneSpaWorld worth $3,695,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of OSW. Victory Capital Management Inc. lifted its position in OneSpaWorld by 2,326.2% during the 1st quarter. Victory Capital Management Inc. now owns 2,788,705 shares of the company's stock worth $46,822,000 after buying an additional 2,673,765 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in OneSpaWorld by 205.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,255,893 shares of the company's stock valued at $24,992,000 after buying an additional 845,117 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of OneSpaWorld by 1,699.9% in the fourth quarter. Royal Bank of Canada now owns 844,479 shares of the company's stock worth $16,806,000 after acquiring an additional 797,562 shares during the period. Capital International Investors raised its position in shares of OneSpaWorld by 17.7% during the fourth quarter. Capital International Investors now owns 2,531,129 shares of the company's stock worth $50,369,000 after purchasing an additional 380,611 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of OneSpaWorld by 16.8% during the fourth quarter. Wellington Management Group LLP now owns 2,092,683 shares of the company's stock valued at $41,644,000 after acquiring an additional 301,651 shares during the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OSW. Stifel Nicolaus lifted their price objective on shares of OneSpaWorld from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Truist Financial boosted their price target on shares of OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, June 9th. William Blair restated an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. TD Securities cut their target price on shares of OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Cowen reiterated a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, OneSpaWorld presently has a consensus rating of "Buy" and a consensus target price of $21.25.

OneSpaWorld Stock Down 0.5%

NASDAQ OSW traded down $0.11 during trading hours on Thursday, reaching $22.13. 139,559 shares of the company's stock traded hands, compared to its average volume of 804,859. The firm has a market cap of $2.27 billion, a PE ratio of 34.57 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.06. The firm has a 50-day simple moving average of $20.32 and a 200 day simple moving average of $19.26. OneSpaWorld Holdings Limited has a 52-week low of $14.21 and a 52-week high of $23.17.

Insider Activity at OneSpaWorld

In other news, Director Walter Field Mclallen sold 14,189 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $19.35, for a total value of $274,557.15. Following the completion of the sale, the director owned 156,728 shares of the company's stock, valued at approximately $3,032,686.80. This represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is 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.