Victory Capital Management Inc. Sells 230,640 Shares of OneSpaWorld Holdings Limited $OSW

Victory Capital Management Inc. reduced its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,796,716 shares of the company’s stock after selling 230,640 shares during the period. Victory Capital Management Inc.’s holdings in OneSpaWorld were worth $80,263,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ariel Investments LLC grew its holdings 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 valued at $269,416,000 after purchasing an additional 2,499,851 shares during the last quarter. American Century Companies Inc. grew its stake in shares of OneSpaWorld by 105.5% during the second quarter. American Century Companies Inc. now owns 2,976,478 shares of the company’s stock valued at $60,690,000 after buying an additional 1,528,210 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of OneSpaWorld by 3,988.8% in the 3rd quarter. Bessemer Group Inc. now owns 924,726 shares of the company’s stock valued at $19,550,000 after acquiring an additional 902,110 shares during the last quarter. Champlain Investment Partners LLC grew its position in OneSpaWorld by 26.0% during the 2nd quarter. Champlain Investment Partners LLC now owns 1,320,020 shares of the company’s stock worth $26,915,000 after acquiring an additional 272,570 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC increased its stake in OneSpaWorld by 19.4% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 1,371,407 shares of the company’s stock worth $28,992,000 after purchasing an additional 222,960 shares during the period. 95.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Truist Financial boosted their price objective on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Zacks Research cut OneSpaWorld from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneSpaWorld in a research report on Monday, December 29th. Finally, TD Cowen dropped their price objective on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Insiders Place Their Bets

In other OneSpaWorld news, Director Walter Field Mclallen sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $20.21, for a total transaction of $101,050.00. Following the completion of the transaction, the director owned 154,882 shares of the company’s stock, valued at approximately $3,130,165.22. This trade represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.90% of the company’s stock.

OneSpaWorld Stock Up 0.7%

OSW stock opened at $20.98 on Friday. OneSpaWorld Holdings Limited has a fifty-two week low of $14.21 and a fifty-two week high of $23.54. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 30.41 and a beta of 0.99. The business’s 50 day moving average price is $21.13 and its two-hundred day moving average price is $21.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.91.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly 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). The firm had revenue of $242.13 million during the quarter, compared to analysts’ expectations of $243.07 million. OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.OneSpaWorld’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share. As a group, 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 declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, March 11th. OneSpaWorld’s dividend payout ratio (DPR) is 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.