Vest Financial LLC Acquires 83,143 Shares of OneSpaWorld Holdings Limited $OSW

Vest Financial LLC boosted its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 72.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 197,176 shares of the company’s stock after acquiring an additional 83,143 shares during the quarter. Vest Financial LLC’s holdings in OneSpaWorld were worth $4,168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Oak Ridge Investments LLC bought a new position in shares of OneSpaWorld during the 3rd quarter worth approximately $2,817,000. State of Alaska Department of Revenue acquired a new stake in OneSpaWorld during the 3rd quarter valued at $116,000. SG Americas Securities LLC boosted its position in OneSpaWorld by 40.1% during the third quarter. SG Americas Securities LLC now owns 49,891 shares of the company’s stock worth $1,055,000 after purchasing an additional 14,288 shares during the period. Moran Wealth Management LLC boosted its position in OneSpaWorld by 4.5% during the third quarter. Moran Wealth Management LLC now owns 38,703 shares of the company’s stock worth $818,000 after purchasing an additional 1,658 shares during the period. Finally, KLP Kapitalforvaltning AS increased its holdings in shares of OneSpaWorld by 12.1% in the third quarter. KLP Kapitalforvaltning AS now owns 23,100 shares of the company’s stock valued at $488,000 after purchasing an additional 2,500 shares during the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Stephen Lazarus sold 8,569 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $7,418,400. The trade was a 2.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Walter Field Mclallen sold 5,000 shares of the company’s stock in a transaction that occurred on 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 approximately $3,130,165.22. This trade represents a 3.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,569 shares of company stock valued at $685,827 over the last quarter. 3.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on OSW. Stifel Nicolaus cut their target price on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. TD Cowen lowered their price target on shares of OneSpaWorld from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a research report on Monday, December 29th. Northcoast Research set a $28.00 price objective on OneSpaWorld and gave the stock a “buy” rating in a report on Tuesday, October 7th. Finally, Wall Street Zen downgraded OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat.com, OneSpaWorld has an average rating of “Buy” and an average target price of $24.20.

OneSpaWorld Stock Up 0.7%

NASDAQ OSW opened at $20.27 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 1-year low of $14.21 and a 1-year high of $23.49. The company has a 50 day moving average of $20.67 and a 200-day moving average of $21.35. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 28.55 and a beta of 1.04.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $258.52 million for the quarter, compared to analyst estimates of $258.41 million. OneSpaWorld had a return on equity of 16.38% and a net margin of 7.90%.The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. On average, equities research analysts expect that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. This is a boost from OneSpaWorld’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, November 19th. OneSpaWorld’s payout ratio is presently 28.17%.

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.