Illinois Municipal Retirement Fund Takes Position in OneSpaWorld Holdings Limited $OSW

Illinois Municipal Retirement Fund bought a new position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 53,402 shares of the company’s stock, valued at approximately $1,226,000.

Several other large investors also recently modified their holdings of OSW. California State Teachers Retirement System increased its holdings in OneSpaWorld by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 91,653 shares of the company’s stock valued at $1,869,000 after purchasing an additional 849 shares during the period. Diversified Trust Co lifted its holdings in OneSpaWorld by 4.2% in the 1st quarter. Diversified Trust Co now owns 21,027 shares of the company’s stock worth $483,000 after buying an additional 850 shares during the period. First Horizon Corp grew its position in shares of OneSpaWorld by 120.4% in the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after buying an additional 975 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of OneSpaWorld by 111.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock worth $49,000 after buying an additional 1,244 shares during the last quarter. Finally, Arax Advisory Partners grew its position in shares of OneSpaWorld by 428.8% in the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after buying an additional 1,295 shares during the last quarter. 95.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other OneSpaWorld news, Director Andrew R. Heyer sold 20,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.04, for a total transaction of $520,800.00. Following the completion of the transaction, the director owned 489,817 shares of the company’s stock, valued at approximately $12,754,834.68. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Walter Field Mclallen sold 10,500 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.67, for a total transaction of $259,035.00. Following the sale, the director owned 137,382 shares in the company, valued at approximately $3,389,213.94. This trade represents a 7.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on OSW shares. TD Cowen upped their target price on OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Truist Financial lifted their price target on shares of OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Wall Street Zen downgraded shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Jefferies Financial Group upped their price objective on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, Weiss Ratings raised shares of OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $29.20.

OneSpaWorld Stock Performance

OneSpaWorld stock opened at $25.96 on Thursday. OneSpaWorld Holdings Limited has a fifty-two week low of $19.06 and a fifty-two week high of $29.25. The stock’s 50 day simple moving average is $25.77 and its two-hundred day simple moving average is $23.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 2.52. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 34.61 and a beta of 0.90.

OneSpaWorld (NASDAQ:OSW) last announced its earnings results on Wednesday, April 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $247.63 million during the quarter, compared to analyst estimates of $244.51 million. OneSpaWorld had a return on equity of 18.00% and a net margin of 7.85%.The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 EPS. As a group, analysts expect that OneSpaWorld Holdings Limited will post 1.07 earnings per share for the current fiscal year.

OneSpaWorld Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 20th. OneSpaWorld’s dividend payout ratio is presently 26.67%.

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.