Legal & General Group Plc Invests $6.56 Million in OneSpaWorld Holdings Limited $OSW

Legal & General Group Plc acquired a new position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 232,371 shares of the company’s stock, valued at approximately $6,562,000. Legal & General Group Plc owned about 0.23% of OneSpaWorld at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in OSW. Principal Financial Group Inc. lifted its position in shares of OneSpaWorld by 814.1% during the first quarter. Principal Financial Group Inc. now owns 539,387 shares of the company’s stock valued at $12,379,000 after buying an additional 480,378 shares during the last quarter. Moran Wealth Management LLC grew its position in shares of OneSpaWorld by 318.4% in the 1st quarter. Moran Wealth Management LLC now owns 180,220 shares of the company’s stock worth $4,136,000 after buying an additional 137,148 shares during the last quarter. Bessemer Group Inc. grew its position in shares of OneSpaWorld by 30.3% in the 1st quarter. Bessemer Group Inc. now owns 1,468,100 shares of the company’s stock worth $33,692,000 after buying an additional 341,632 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of OneSpaWorld during the 1st quarter worth approximately $1,037,000. Finally, Bank of America Corp DE raised its stake in shares of OneSpaWorld by 395.0% during the 1st quarter. Bank of America Corp DE now owns 3,987,390 shares of the company’s stock worth $91,511,000 after acquiring an additional 3,181,857 shares in the last quarter. Institutional investors own 95.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on OSW shares. Jefferies Financial Group raised their target price on shares of OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a research report on Friday, July 31st. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Truist Financial raised their price objective on OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus boosted their target price on OneSpaWorld from $28.00 to $32.00 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 issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $30.60.

Insiders Place Their Bets

In other OneSpaWorld news, Director Andrew R. Heyer sold 25,219 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $26.42, for a total transaction of $666,285.98. Following the sale, the director owned 306,926 shares in the company, valued at approximately $8,108,984.92. The trade was a 7.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Walter Field Mclallen sold 10,500 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $24.67, for a total value of $259,035.00. Following the completion of the transaction, the director directly owned 137,382 shares in the company, valued at $3,389,213.94. This represents a 7.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 90,500 shares of company stock valued at $2,363,762 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

OneSpaWorld Stock Down 1.5%

OSW stock opened at $21.90 on Thursday. The stock has a market capitalization of $2.22 billion, a PE ratio of 27.72 and a beta of 0.90. OneSpaWorld Holdings Limited has a 52 week low of $19.06 and a 52 week high of $29.25. The company has a quick ratio of 1.93, a current ratio of 2.91 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $26.46 and a 200 day moving average of $24.55.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $261.25 million for the quarter, compared to analyst estimates of $260.93 million. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. OneSpaWorld’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 EPS. Sell-side analysts forecast that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given 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 was Wednesday, August 19th. OneSpaWorld’s dividend payout ratio is presently 25.32%.

OneSpaWorld Company 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.