DAVENPORT & Co LLC Reduces Stake in OneSpaWorld Holdings Limited $OSW

DAVENPORT & Co LLC reduced its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 3.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,852,280 shares of the company’s stock after selling 68,814 shares during the period. DAVENPORT & Co LLC’s holdings in OneSpaWorld were worth $39,157,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in 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. Northern Trust Corp raised its stake in shares of OneSpaWorld by 9.7% in the first quarter. Northern Trust Corp now owns 1,068,228 shares of the company’s stock valued at $17,936,000 after buying an additional 94,036 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of OneSpaWorld by 27.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company’s stock valued at $109,000 after buying an additional 1,443 shares during the last quarter. Virtus Advisers LLC bought a new position in shares of OneSpaWorld during the 1st quarter worth $67,000. Finally, Champlain Investment Partners LLC purchased a new stake in OneSpaWorld in the 1st quarter worth about $17,587,000. Institutional investors own 95.98% of the company’s stock.

Insider Buying and Selling

In related news, Director Walter Field Mclallen sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $20.21, for a total transaction of $101,050.00. Following the completion of the transaction, the director directly owned 154,882 shares in the company, valued at $3,130,165.22. The trade was a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew R. Heyer sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $20.19, for a total value of $403,800.00. Following the completion of the transaction, the director owned 509,817 shares in the company, valued at $10,293,205.23. This represents a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 33,569 shares of company stock worth $685,827. Corporate insiders own 3.90% of the company’s stock.

OneSpaWorld Trading Down 1.0%

Shares of OneSpaWorld stock opened at $21.59 on Wednesday. The company’s 50-day moving average price is $20.93 and its 200-day moving average price is $21.21. The company has a current ratio of 1.84, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. OneSpaWorld Holdings Limited has a 12-month low of $14.21 and a 12-month high of $23.49. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 30.41 and a beta of 1.06.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. OneSpaWorld had a net margin of 7.90% and a return on equity of 16.38%. The company had revenue of $258.52 million during the quarter, compared to analysts’ expectations of $258.41 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. OneSpaWorld’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts expect that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This is an increase from OneSpaWorld’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. OneSpaWorld’s payout ratio is currently 28.17%.

Wall Street Analyst Weigh In

OSW has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday. Cowen reissued a “buy” rating on shares of OneSpaWorld in a research report on Friday, October 31st. TD Cowen raised their price objective on shares of OneSpaWorld from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Northcoast Research set a $28.00 price objective on shares of OneSpaWorld and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, Wall Street Zen cut shares of OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $24.60.

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.