Strs Ohio Buys Shares of 14,600 OneSpaWorld Holdings Limited $OSW

Key Points

• Strs Ohio has acquired 14,600 shares of OneSpaWorld Holdings Limited, worth approximately $245,000, signaling increasing institutional interest in the stock.
• Several other institutional investors, including Ariel Investments, Channing Capital Management, and Vanguard Group, have also increased their stakes in OneSpaWorld, highlighting a trend of confidence in the company's prospects.
• OneSpaWorld announced a quarterly dividend of $0.04 per share, which reflects an annualized yield of 0.7% with a payout ratio of 23.53%.

Strs Ohio bought a new stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 14,600 shares of the company's stock, valued at approximately $245,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ariel Investments LLC increased its stake in OneSpaWorld by 37.7% during the first quarter. Ariel Investments LLC now owns 10,713,305 shares of the company's stock valued at $179,876,000 after purchasing an additional 2,932,284 shares during the last quarter. Channing Capital Management LLC grew its position in shares of OneSpaWorld by 14.7% during the first quarter. Channing Capital Management LLC now owns 3,251,124 shares of the company's stock worth $54,586,000 after acquiring an additional 416,609 shares during the last quarter. Vanguard Group Inc. grew its position in shares of OneSpaWorld by 9.3% during the first quarter. Vanguard Group Inc. now owns 2,982,065 shares of the company's stock worth $50,069,000 after acquiring an additional 253,112 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of OneSpaWorld by 2,326.2% during 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. Finally, Wellington Management Group LLP grew 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 worth $41,644,000 after acquiring an additional 301,651 shares during the last quarter. Institutional investors own 95.98% of the company's stock.

Insider Buying and Selling

In related news, Director Andrew R. Heyer sold 31,289 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $21.59, for a total value of $675,529.51. Following the transaction, the director owned 332,145 shares in the company, valued at approximately $7,171,010.55. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Glenn Fusfield sold 23,116 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $21.57, for a total value of $498,612.12. Following the completion of the transaction, the director owned 151,799 shares in the company, valued at $3,274,304.43. This represents a 13.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 235,763 shares of company stock worth $5,202,595 in the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

OneSpaWorld Price Performance

Shares of OSW opened at $21.38 on Thursday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 31.44 and a beta of 1.32. OneSpaWorld Holdings Limited has a fifty-two week low of $14.21 and a fifty-two week high of $23.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.19. The business's 50-day moving average is $22.05 and its 200-day moving average is $19.71.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $240.73 million for the quarter, compared to the consensus estimate of $238.28 million. OneSpaWorld had a return on equity of 15.93% and a net margin of 7.74%.The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that OneSpaWorld Holdings Limited will post 0.9 EPS for the current fiscal year.

OneSpaWorld Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were issued a $0.04 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $0.16 dividend on an annualized basis and a yield of 0.7%. OneSpaWorld's dividend payout ratio is currently 23.53%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on OSW shares. William Blair reiterated an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of OneSpaWorld from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Stifel Nicolaus upped their price target on shares of OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Truist Financial upped their price objective 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. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $22.67.

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.

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