OneSpaWorld Holdings Limited $OSW Stock Position Raised by Ariel Investments LLC

Ariel Investments LLC grew its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 23.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,213,156 shares of the company’s stock after buying an additional 2,499,851 shares during the period. OneSpaWorld makes up about 3.1% of Ariel Investments LLC’s holdings, making the stock its 5th biggest holding. Ariel Investments LLC owned 12.87% of OneSpaWorld worth $269,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Virtus Advisers LLC bought a new stake in shares of OneSpaWorld during the 1st quarter worth $67,000. Smartleaf Asset Management LLC raised its position in OneSpaWorld by 27.9% during the first quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company’s stock valued at $109,000 after purchasing an additional 1,443 shares in the last quarter. Prudential Financial Inc. purchased a new stake in OneSpaWorld during the second quarter valued at about $213,000. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of OneSpaWorld by 8.5% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 12,955 shares of the company’s stock worth $264,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its holdings in shares of OneSpaWorld by 6.8% in the 2nd quarter. Simon Quick Advisors LLC now owns 13,340 shares of the company’s stock worth $272,000 after purchasing an additional 853 shares in the last quarter. Institutional investors own 95.98% of the company’s stock.

Insider Activity

In related news, CEO Stephen Lazarus sold 8,569 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total value of $180,977.28. Following the completion of the transaction, the chief executive officer directly owned 351,250 shares of the company’s stock, valued at $7,418,400. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew R. Heyer sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $20.19, for a total transaction of $403,800.00. Following the completion of the sale, the director owned 509,817 shares of the company’s stock, valued at $10,293,205.23. This trade represents a 3.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OSW. Northcoast Research set a $28.00 price objective on OneSpaWorld and gave the company a “buy” rating in a report on Tuesday, October 7th. Cowen reiterated a “buy” rating on shares of OneSpaWorld in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of OneSpaWorld in a research note on Tuesday, December 2nd. Wall Street Zen cut shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Finally, TD Cowen increased their target price on shares of OneSpaWorld from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat, OneSpaWorld presently has a consensus rating of “Buy” and an average price target of $24.60.

OneSpaWorld Trading Down 2.4%

NASDAQ OSW opened at $19.47 on Wednesday. The stock has a market cap of $1.98 billion, a P/E ratio of 27.42 and a beta of 1.06. OneSpaWorld Holdings Limited has a fifty-two week low of $14.21 and a fifty-two week high of $23.49. The stock has a 50 day simple moving average of $20.87 and a two-hundred day simple moving average of $21.07. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.84.

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

OneSpaWorld Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were issued a $0.05 dividend. This is a boost from OneSpaWorld’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, November 19th. This represents a $0.20 annualized dividend and a yield of 1.0%. OneSpaWorld’s dividend payout ratio (DPR) is currently 28.17%.

OneSpaWorld Company 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.