Reinhart Partners LLC. Makes New $45.36 Million Investment in OneSpaWorld Holdings Limited $OSW

Reinhart Partners LLC. acquired a new position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,186,966 shares of the company’s stock, valued at approximately $45,358,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in OneSpaWorld by 108.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,003,892 shares of the company’s stock worth $20,821,000 after acquiring an additional 521,497 shares during the last quarter. Geode Capital Management LLC grew its holdings in OneSpaWorld by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 2,505,052 shares of the company’s stock worth $51,964,000 after acquiring an additional 122,681 shares during the last quarter. King Luther Capital Management Corp bought a new stake in OneSpaWorld during the 4th quarter worth about $2,341,000. MQS Management LLC bought a new stake in OneSpaWorld during the 4th quarter worth about $261,000. Finally, ProShare Advisors LLC grew its holdings in OneSpaWorld by 12.6% during the 4th quarter. ProShare Advisors LLC now owns 18,266 shares of the company’s stock worth $379,000 after acquiring an additional 2,041 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.

OneSpaWorld Stock Up 0.2%

OneSpaWorld stock opened at $23.84 on Wednesday. The company’s 50 day simple moving average is $23.80 and its 200 day simple moving average is $21.93. OneSpaWorld Holdings Limited has a fifty-two week low of $18.43 and a fifty-two week high of $25.75. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 31.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.52 and a quick ratio of 1.40.

OneSpaWorld (NASDAQ:OSW) last announced its quarterly 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 net margin of 7.85% and a return on equity of 18.00%. The firm had revenue of $247.63 million for the quarter, compared to analyst estimates of $244.51 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. As a group, sell-side analysts anticipate that OneSpaWorld Holdings Limited will post 1.07 EPS for the current year.

OneSpaWorld Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. OneSpaWorld’s payout ratio is presently 26.67%.

Analyst Upgrades and Downgrades

OSW has been the topic of a number of research analyst reports. TD Cowen increased their price objective on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Truist Financial increased their price objective on shares of OneSpaWorld from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Jefferies Financial Group assumed coverage on shares of OneSpaWorld in a research note on Tuesday, March 24th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Weiss Ratings raised shares of OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $28.20.

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.