State of Wyoming Lowers Stake in OneSpaWorld Holdings Limited $OSW

Key Points

• The State of Wyoming reduced its stock holdings in OneSpaWorld Holdings Limited by 50.6%, resulting in ownership of 13,601 shares worth approximately $228,000.
• Several hedge funds have increased their stakes in OneSpaWorld, with Victory Capital Management raising its stake by an impressive 2,326.2% during the first quarter.
• OneSpaWorld reported quarterly earnings of $0.25 EPS, exceeding expectations, and announced a quarterly dividend of $0.04 per share with a yield of 0.7%.

State of Wyoming decreased its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 50.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,601 shares of the company's stock after selling 13,946 shares during the quarter. State of Wyoming's holdings in OneSpaWorld were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Channing Capital Management LLC boosted its stake in OneSpaWorld by 14.7% during the 1st quarter. Channing Capital Management LLC now owns 3,251,124 shares of the company's stock valued at $54,586,000 after purchasing an additional 416,609 shares during the period. Vanguard Group Inc. increased its holdings in shares of OneSpaWorld by 9.3% in the first quarter. Vanguard Group Inc. now owns 2,982,065 shares of the company's stock valued at $50,069,000 after purchasing an additional 253,112 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of OneSpaWorld by 2,326.2% in the first quarter. Victory Capital Management Inc. now owns 2,788,705 shares of the company's stock worth $46,822,000 after acquiring an additional 2,673,765 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of OneSpaWorld by 16.8% in the 4th quarter. Wellington Management Group LLP now owns 2,092,683 shares of the company's stock worth $41,644,000 after purchasing an additional 301,651 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in OneSpaWorld by 566.4% during the 1st quarter. American Century Companies Inc. now owns 1,448,268 shares of the company's stock valued at $24,316,000 after buying an additional 1,230,931 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company's stock.

Insiders Place Their Bets

In related news, Director Andrew R. Heyer sold 31,289 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was 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. The trade was a 8.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Glenn Fusfield sold 11,057 shares of the firm's 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 transaction, the director directly owned 70,360 shares of the company's stock, valued at $1,589,432.40. This represents a 13.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 238,263 shares of company stock valued at $5,250,920 over the last ninety days. Corporate insiders own 3.90% of the company's stock.

OneSpaWorld Stock Down 0.2%

NASDAQ:OSW traded down $0.03 during trading hours on Monday, reaching $21.93. The company had a trading volume of 316,270 shares, compared to its average volume of 760,693. 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 business's 50-day simple moving average is $21.86 and its two-hundred day simple moving average is $19.44. OneSpaWorld Holdings Limited has a twelve month low of $14.21 and a twelve month high of $23.28. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 32.27 and a beta of 1.32.

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

OneSpaWorld Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 20th. OneSpaWorld's dividend payout ratio is presently 23.53%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OSW. Truist Financial lifted their target price on 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 report on Wednesday, July 23rd. Stifel Nicolaus boosted their price target 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 shares of OneSpaWorld from a "hold" rating to a "buy" rating in a report on Friday. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average 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.