JPMorgan Chase & Co. Has $6.62 Million Stake in OneSpaWorld Holdings Limited $OSW

JPMorgan Chase & Co. reduced its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 313,140 shares of the company’s stock after selling 31,766 shares during the quarter. JPMorgan Chase & Co. owned 0.31% of OneSpaWorld worth $6,620,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OSW. Ariel Investments LLC boosted its stake in shares of OneSpaWorld by 23.3% during the 2nd quarter. Ariel Investments LLC now owns 13,213,156 shares of the company’s stock worth $269,416,000 after acquiring an additional 2,499,851 shares during the period. First Trust Advisors LP boosted its position in OneSpaWorld by 45.6% during the third quarter. First Trust Advisors LP now owns 3,088,830 shares of the company’s stock worth $65,298,000 after purchasing an additional 966,889 shares during the period. American Century Companies Inc. increased its holdings in shares of OneSpaWorld by 2.7% in the third quarter. American Century Companies Inc. now owns 3,055,737 shares of the company’s stock valued at $64,598,000 after purchasing an additional 79,259 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of OneSpaWorld by 0.4% in the second quarter. Raymond James Financial Inc. now owns 2,525,357 shares of the company’s stock valued at $51,492,000 after purchasing an additional 10,807 shares during the period. Finally, Champlain Investment Partners LLC raised its position in shares of OneSpaWorld by 16.5% in the third quarter. Champlain Investment Partners LLC now owns 1,538,421 shares of the company’s stock valued at $32,522,000 after purchasing an additional 218,401 shares during the period. Institutional investors and hedge funds own 95.98% of the company’s stock.

Analysts Set New Price Targets

OSW has been the subject of a number of research analyst reports. Truist Financial boosted their price objective on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Zacks Research raised shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a research note on Monday, December 29th. Jefferies Financial Group assumed coverage on shares of OneSpaWorld in a research report on Tuesday, March 24th. They set a “buy” rating and a $30.00 price target on the stock. Finally, TD Cowen lifted their price objective on shares of OneSpaWorld from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $26.33.

OneSpaWorld Trading Up 3.1%

Shares of OneSpaWorld stock opened at $22.95 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.91 and a debt-to-equity ratio of 0.15. OneSpaWorld Holdings Limited has a 12-month low of $14.21 and a 12-month high of $23.56. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 33.26 and a beta of 0.99. The firm’s 50-day moving average price is $21.35 and its two-hundred day moving average price is $21.15.

OneSpaWorld (NASDAQ:OSW) last released its earnings results on Wednesday, February 18th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.The business had revenue of $242.13 million for the quarter, compared to the consensus estimate of $243.07 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, analysts forecast that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, March 11th. OneSpaWorld’s payout ratio is currently 28.99%.

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.