Reinhart Partners LLC. Increases Stake in OneSpaWorld Holdings Limited $OSW

Reinhart Partners LLC. grew its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 2.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,962,810 shares of the company’s stock after buying an additional 78,022 shares during the period. OneSpaWorld accounts for about 2.6% of Reinhart Partners LLC.’s holdings, making the stock its 17th biggest holding. Reinhart Partners LLC. owned 3.91% of OneSpaWorld worth $111,910,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new position in OneSpaWorld in the 4th quarter worth approximately $31,000. Arax Advisory Partners lifted its position in 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 buying an additional 1,295 shares in the last quarter. First Horizon Corp boosted its stake in OneSpaWorld by 120.4% during the fourth 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. Farther Finance Advisors LLC grew its holdings 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 in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake 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 acquiring an additional 1,244 shares during the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other OneSpaWorld news, Director Walter Field Mclallen sold 10,500 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew R. Heyer sold 20,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.04, for a total transaction of $520,800.00. Following the sale, the director directly owned 489,817 shares in the company, valued at $12,754,834.68. This represents a 3.92% decrease in their position. The SEC filing for this sale provides additional information. 3.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

OSW has been the topic of several recent research reports. Stifel Nicolaus boosted their price target on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Truist Financial lifted their target price on shares of OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of OneSpaWorld in a report on Friday, July 31st. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Jefferies Financial Group increased their price target 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $30.60.

OneSpaWorld Trading Down 1.2%

NASDAQ OSW opened at $26.21 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.91 and a quick ratio of 1.93. The stock has a market capitalization of $2.66 billion, a P/E ratio of 33.18 and a beta of 0.91. The firm’s 50-day moving average is $26.36 and its two-hundred day moving average is $23.86. OneSpaWorld Holdings Limited has a 12 month low of $19.06 and a 12 month high of $29.25.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The firm had revenue of $261.25 million during the quarter, compared to analysts’ expectations of $260.93 million. During the same quarter last year, the company posted $0.19 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts anticipate that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th. OneSpaWorld’s payout ratio is currently 25.32%.

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.