Oregon Public Employees Retirement Fund Takes $535,000 Position in OneSpaWorld Holdings Limited $OSW

Oregon Public Employees Retirement Fund purchased a new stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,300 shares of the company’s stock, valued at approximately $535,000.

Other hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new stake in OneSpaWorld during the 4th quarter valued at $31,000. Arax Advisory Partners increased its holdings 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 purchasing an additional 1,295 shares in the last quarter. First Horizon Corp raised its stake in shares of OneSpaWorld by 120.4% in the fourth quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after purchasing an additional 975 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of OneSpaWorld by 325.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after purchasing an additional 1,478 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of OneSpaWorld during the third quarter valued at $50,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

OneSpaWorld Stock Up 1.6%

OneSpaWorld stock opened at $26.51 on Wednesday. The stock has a market cap of $2.69 billion, a PE ratio of 35.35 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 2.52. OneSpaWorld Holdings Limited has a one year low of $19.06 and a one year high of $29.25. The stock has a fifty day moving average of $25.52 and a 200 day moving average of $23.22.

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

OneSpaWorld Announces Dividend

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

Analysts Set New Price Targets

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

Insider Activity 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 shares were sold at an average price of $24.67, for a total transaction of $259,035.00. Following the completion of the sale, the director directly owned 137,382 shares of the company’s stock, valued at approximately $3,389,213.94. This represents a 7.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew R. Heyer sold 20,000 shares of the stock in a transaction that occurred 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 in the company, valued at $12,754,834.68. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.60% of the company’s stock.

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.