Neumeier Poma Investment Counsel LLC Acquires New Stake in OneSpaWorld Holdings Limited $OSW

Neumeier Poma Investment Counsel LLC acquired a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,539,032 shares of the company’s stock, valued at approximately $43,462,264,000. OneSpaWorld makes up about 3.0% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 16th largest position. Neumeier Poma Investment Counsel LLC owned 1.52% of OneSpaWorld at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OSW. BlackRock Inc. purchased a new stake in shares of OneSpaWorld during the second quarter worth $278,024,000. Bank of America Corp DE boosted its position in OneSpaWorld by 395.0% during the first quarter. Bank of America Corp DE now owns 3,987,390 shares of the company’s stock worth $91,511,000 after acquiring an additional 3,181,857 shares during the last quarter. Reinhart Partners LLC. purchased a new stake in OneSpaWorld during the 4th quarter valued at about $45,358,000. Nixon Capital LLC purchased a new stake in OneSpaWorld during the 2nd quarter valued at about $25,168,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in OneSpaWorld during the 1st quarter valued at about $18,944,000. Institutional investors and hedge funds own 95.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Stifel Nicolaus upped their price target on OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. TD Cowen increased their price target on OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of OneSpaWorld in a research report on Friday, July 31st. Finally, Jefferies Financial Group boosted their price objective on OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $30.60.

Insiders Place Their Bets

In related news, Director Walter Field Mclallen sold 10,500 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was 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 trade represents a 7.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew R. Heyer sold 25,219 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $26.42, for a total transaction of $666,285.98. Following the completion of the sale, the director owned 306,926 shares in the company, valued at approximately $8,108,984.92. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 90,500 shares of company stock valued at $2,363,762. Company insiders own 3.60% of the company’s stock.

OneSpaWorld Price Performance

Shares of OSW stock opened at $26.68 on Monday. 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 company has a market capitalization of $2.71 billion, a PE ratio of 33.77 and a beta of 0.91. The firm’s 50-day moving average is $26.81 and its two-hundred day moving average is $24.35. OneSpaWorld Holdings Limited has a 12 month low of $19.06 and a 12 month high of $29.25.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $261.25 million during the quarter, compared to analyst estimates of $260.93 million. OneSpaWorld had a return on equity of 18.36% and a net margin of 8.02%.The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share. Analysts predict that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current year.

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. OneSpaWorld’s dividend 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.