UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in OneSpaWorld Holdings Limited $OSW

Key Points

• UBS Asset Management cut its OneSpaWorld position by 95% in the second quarter, selling 179,995 shares and retaining 9,513 shares worth approximately $269,000. Institutional investors collectively own 95.98% of the company.
• OneSpaWorld reported quarterly EPS of $0.29, exceeding estimates by $0.01, while revenue rose 8.5% year over year to $261.25 million. The company also maintains a quarterly dividend of $0.05, equivalent to a 0.9% yield.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $30.60, compared with the stock’s reported price of $21.74.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 95.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,513 shares of the company's stock after selling 179,995 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in OneSpaWorld were worth $269,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of OneSpaWorld during the 2nd quarter worth approximately $278,024,000. Bank of America Corp DE bought a new position in OneSpaWorld in the 2nd quarter valued at $119,564,000. Reinhart Partners LLC. grew its position in OneSpaWorld by 2.0% in the 2nd quarter. Reinhart Partners LLC. now owns 3,962,810 shares of the company's stock valued at $111,910,000 after acquiring an additional 78,022 shares during the last quarter. First Trust Advisors LP increased its stake in OneSpaWorld by 2.9% in the fourth quarter. First Trust Advisors LP now owns 3,179,211 shares of the company's stock worth $65,937,000 after purchasing an additional 90,381 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in OneSpaWorld by 25.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,709,623 shares of the company's stock valued at $76,520,000 after buying an additional 543,027 shares in the last quarter. Institutional investors own 95.98% of the company's stock.

OneSpaWorld Price Performance

Shares of OSW stock opened at $21.74 on Monday. The stock's 50-day moving average is $25.62 and its 200 day moving average is $24.54. OneSpaWorld Holdings Limited has a 1-year low of $19.06 and a 1-year high of $29.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.91 and a quick ratio of 1.93. The company has a market cap of $2.21 billion, a P/E ratio of 27.52 and a beta of 0.90.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The business had revenue of $261.25 million during the quarter, compared to analyst estimates of $260.93 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The company's quarterly revenue was up 8.5% on a year-over-year basis. Research analysts predict that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current fiscal year.

OneSpaWorld Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, August 19th. OneSpaWorld's dividend payout ratio (DPR) is 25.32%.

Insiders Place Their Bets

In other news, Director Andrew Heyer sold 4,781 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $26.07, for a total transaction of $124,640.67. Following the transaction, the director directly owned 302,145 shares of the company's stock, valued at approximately $7,876,920.15. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 60,000 shares of company stock valued at $1,583,927 in the last three months. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of OneSpaWorld in a research report on Friday, July 31st. Jefferies Financial Group raised their target price on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, June 18th. Wall Street Zen downgraded shares of OneSpaWorld from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. Stifel Nicolaus boosted their price target on OneSpaWorld from $28.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, Truist Financial increased their price objective on OneSpaWorld from $28.00 to $29.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, OneSpaWorld currently has a consensus rating of "Buy" and a consensus target price of $30.60.

About OneSpaWorld

OneSpaWorld Holdings Limited NASDAQ: OSW provides health, wellness and beauty services primarily to the cruise and resort industries. The company operates spas, salons, fitness centers and wellness facilities, offering services such as massages, facials, beauty treatments, hair and nail care, fitness programs and other personal-care experiences.

Its operations also include medi-spa and wellness services, retail sales of skincare and beauty products, and related programs designed for vacation and leisure environments.

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