Wellington Management Group LLP Has $76.52 Million Holdings in OneSpaWorld Holdings Limited $OSW

Wellington Management Group LLP boosted its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 25.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,709,623 shares of the company’s stock after purchasing an additional 543,027 shares during the quarter. Wellington Management Group LLP’s holdings in OneSpaWorld were worth $76,520,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new position in OneSpaWorld during the second quarter worth about $11,598,000. Corient Private Wealth LP acquired a new position in shares of OneSpaWorld during the 2nd quarter worth about $471,000. Bank of America Corp DE bought a new stake in shares of OneSpaWorld in the 2nd quarter valued at about $119,564,000. Jupiter Topco LLC bought a new stake in shares of OneSpaWorld in the 2nd quarter valued at about $1,241,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of OneSpaWorld in the 2nd quarter valued at approximately $300,000. Institutional investors and hedge funds own 95.98% of the company’s stock.

Insider Transactions at OneSpaWorld

In other OneSpaWorld news, Director Andrew R. Heyer sold 25,219 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $26.42, for a total value of $666,285.98. Following the sale, the director owned 306,926 shares in the company, valued at approximately $8,108,984.92. The trade was a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Walter Field Mclallen sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.67, for a total value of $259,035.00. Following the transaction, 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 90,500 shares of company stock valued at $2,363,762. 3.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

OSW has been the topic of several recent analyst reports. Jefferies Financial Group lifted their price objective on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Stifel Nicolaus upped their target price on shares of OneSpaWorld from $28.00 to $32.00 and gave the company 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. Truist Financial lifted their price target on shares of OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $30.60.

OneSpaWorld Trading Down 1.5%

OSW opened at $21.90 on Thursday. The stock has a market capitalization of $2.22 billion, a P/E ratio of 27.72 and a beta of 0.90. The company has a current ratio of 2.91, a quick ratio of 1.93 and a debt-to-equity ratio of 0.14. OneSpaWorld Holdings Limited has a 12 month low of $19.06 and a 12 month high of $29.25. The firm’s fifty day simple moving average is $26.46 and its 200 day simple moving average is $24.55.

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

OneSpaWorld Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 19th. 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.