Ellsworth Advisors LLC Acquires New Stake in OneSpaWorld Holdings Limited $OSW

Ellsworth Advisors LLC acquired a new position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,968 shares of the company’s stock, valued at approximately $573,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ariel Investments LLC grew its holdings in shares of OneSpaWorld by 37.7% during the first quarter. Ariel Investments LLC now owns 10,713,305 shares of the company’s stock worth $179,876,000 after buying an additional 2,932,284 shares in the last quarter. American Century Companies Inc. boosted its position in OneSpaWorld by 105.5% during the second quarter. American Century Companies Inc. now owns 2,976,478 shares of the company’s stock worth $60,690,000 after acquiring an additional 1,528,210 shares during the last quarter. Nitorum Capital L.P. purchased a new stake in OneSpaWorld in the 1st quarter worth approximately $11,008,000. Champlain Investment Partners LLC grew its stake in OneSpaWorld by 26.0% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,320,020 shares of the company’s stock worth $26,915,000 after acquiring an additional 272,570 shares during the period. Finally, Emerald Advisers LLC raised its holdings in OneSpaWorld by 36.0% in the 2nd quarter. Emerald Advisers LLC now owns 925,263 shares of the company’s stock valued at $18,866,000 after acquiring an additional 245,085 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

Insiders Place Their Bets

In other news, Director Andrew R. Heyer sold 20,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 509,817 shares in the company, valued at approximately $10,293,205.23. The trade was a 3.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen Lazarus sold 8,569 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total transaction of $180,977.28. Following the sale, the chief executive officer owned 351,250 shares of the company’s stock, valued at approximately $7,418,400. The trade was a 2.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,569 shares of company stock valued at $685,827 in the last ninety days. Corporate insiders own 3.90% of the company’s stock.

OneSpaWorld Stock Down 0.3%

NASDAQ OSW opened at $21.37 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. OneSpaWorld Holdings Limited has a fifty-two week low of $14.21 and a fifty-two week high of $23.49. The business has a 50 day moving average price of $21.00 and a two-hundred day moving average price of $21.24. The stock has a market cap of $2.18 billion, a PE ratio of 30.10 and a beta of 1.06.

OneSpaWorld (NASDAQ:OSW) last announced its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share 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 business had revenue of $258.52 million during the quarter, compared to the consensus estimate of $258.41 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts predict that OneSpaWorld Holdings Limited will post 0.9 EPS for the current fiscal year.

OneSpaWorld Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were given a dividend of $0.05 per share. 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 dividend on an annualized basis and a dividend yield of 0.9%. OneSpaWorld’s dividend payout ratio is 28.17%.

Analyst Ratings Changes

A number of research firms have recently commented on OSW. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneSpaWorld in a research note on Monday, December 22nd. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. TD Cowen lifted their price target on shares of OneSpaWorld from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, October 31st. Cowen reissued a “buy” rating on shares of OneSpaWorld in a research note on Friday, October 31st. Finally, Northcoast Research set a $28.00 target price on OneSpaWorld and gave the company a “buy” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $24.60.

OneSpaWorld Profile

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.