Channing Capital Management LLC Cuts Stock Position in OneSpaWorld Holdings Limited $OSW

Channing Capital Management LLC trimmed its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,219,234 shares of the company’s stock after selling 36,310 shares during the quarter. Channing Capital Management LLC owned about 3.13% of OneSpaWorld worth $68,055,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in OneSpaWorld during the third quarter valued at approximately $116,000. Tower Research Capital LLC TRC increased its position in shares of OneSpaWorld by 313.5% during the second quarter. Tower Research Capital LLC TRC now owns 9,274 shares of the company’s stock worth $189,000 after purchasing an additional 7,031 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of OneSpaWorld during the 2nd quarter valued at $213,000. BNP Paribas Financial Markets boosted its position in shares of OneSpaWorld by 48.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,497 shares of the company’s stock worth $214,000 after purchasing an additional 3,411 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in OneSpaWorld by 8.5% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 12,955 shares of the company’s stock worth $264,000 after buying an additional 1,010 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on OSW shares. TD Cowen decreased their price target on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. Stifel Nicolaus dropped their target price on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a research note on Monday, December 29th. Finally, Truist Financial lifted their price objective on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat.com, OneSpaWorld presently has a consensus rating of “Buy” and an average price target of $25.00.

OneSpaWorld Stock Performance

OSW opened at $22.48 on Friday. 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 $23.54. The firm has a 50 day moving average of $21.13 and a two-hundred day moving average of $21.27. The firm has a market capitalization of $2.29 billion, a PE ratio of 32.58 and a beta of 1.03.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The business had revenue of $242.13 million during the quarter, compared to analyst estimates of $243.07 million. OneSpaWorld had a return on equity of 17.07% and a net margin of 7.45%.The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. On average, analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 EPS for the current year.

OneSpaWorld Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, March 11th. OneSpaWorld’s payout ratio is 28.99%.

Insider Transactions at OneSpaWorld

In related news, Director Walter Field Mclallen sold 5,000 shares of the firm’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 sale, the director directly owned 154,882 shares of the company’s stock, valued at $3,130,165.22. This trade represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew R. Heyer sold 20,000 shares of OneSpaWorld stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $20.19, for a total value of $403,800.00. Following the transaction, the director owned 509,817 shares of the company’s stock, valued at approximately $10,293,205.23. This represents a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,569 shares of company stock worth $685,827 over the last quarter. 3.90% of the stock is currently owned by insiders.

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.