OneSpaWorld Holdings Limited $OSW Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 77.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 559,365 shares of the company’s stock after purchasing an additional 244,662 shares during the period. Bank of New York Mellon Corp’s holdings in OneSpaWorld were worth $12,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OSW. Brown Brothers Harriman & Co. purchased a new stake in shares of OneSpaWorld during the fourth quarter worth approximately $31,000. Arax Advisory Partners lifted its holdings in shares of OneSpaWorld by 428.8% during the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after purchasing an additional 1,295 shares during the period. First Horizon Corp grew its position in OneSpaWorld by 120.4% in the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after buying an additional 975 shares during the last quarter. Farther Finance Advisors LLC grew its position in OneSpaWorld by 325.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after buying an additional 1,478 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in OneSpaWorld by 111.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock valued at $49,000 after buying an additional 1,244 shares during the period. 95.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. TD Cowen increased their price target on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus lifted their price objective on OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group boosted their target price on OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Wall Street Zen downgraded OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings raised OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $30.60.

Insider Buying and Selling at OneSpaWorld

In other OneSpaWorld news, Director Walter Field Mclallen sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.67, for a total value of $259,035.00. Following the completion of the transaction, the director owned 137,382 shares in the company, valued at $3,389,213.94. This represents a 7.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew R. Heyer sold 20,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were 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 $12,754,834.68. This trade represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.60% of the stock is owned by corporate insiders.

OneSpaWorld Stock Performance

NASDAQ:OSW opened at $25.76 on Friday. The firm has a 50 day simple moving average of $26.13 and a 200-day simple moving average of $23.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.52 and a quick ratio of 1.40. The firm has a market cap of $2.61 billion, a PE ratio of 32.61 and a beta of 0.90. OneSpaWorld Holdings Limited has a 1-year low of $19.06 and a 1-year high of $29.25.

OneSpaWorld (NASDAQ:OSW) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $261.25 million during the quarter, compared to the consensus estimate of $260.93 million. OneSpaWorld had a return on equity of 18.61% and a net margin of 8.02%.The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. On average, equities analysts expect that OneSpaWorld Holdings Limited will post 1.07 EPS for the current year.

OneSpaWorld Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. OneSpaWorld’s payout ratio is currently 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.