New York State Teachers Retirement System Takes $529,000 Position in OneSpaWorld Holdings Limited $OSW

New York State Teachers Retirement System purchased a new position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 23,037 shares of the company’s stock, valued at approximately $529,000.

A number of other hedge funds have also recently added to or reduced their stakes in OSW. Brown Brothers Harriman & Co. purchased a new stake in OneSpaWorld in the 4th quarter valued at approximately $31,000. Arax Advisory Partners raised its stake in shares of OneSpaWorld by 428.8% during the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after buying an additional 1,295 shares in the last quarter. First Horizon Corp lifted its holdings in shares of OneSpaWorld by 120.4% in the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after buying an additional 975 shares during the period. Farther Finance Advisors LLC boosted 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 valued at $40,000 after buying an additional 1,478 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of OneSpaWorld by 111.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock valued at $49,000 after buying an additional 1,244 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Stock Performance

NASDAQ OSW opened at $26.10 on Tuesday. OneSpaWorld Holdings Limited has a 1-year low of $19.06 and a 1-year high of $29.25. The company has a market capitalization of $2.65 billion, a P/E ratio of 34.80 and a beta of 0.90. The business has a 50 day moving average price of $25.47 and a 200 day moving average price of $23.18. 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 posted its earnings results on Wednesday, April 29th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $247.63 million for the quarter, compared to the consensus estimate of $244.51 million. OneSpaWorld had a return on equity of 18.00% and a net margin of 7.85%.OneSpaWorld’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. Sell-side analysts expect that OneSpaWorld Holdings Limited will post 1.07 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

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

Insider Activity

In other OneSpaWorld news, Director Walter Field Mclallen sold 10,500 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 137,382 shares in the company, valued at approximately $3,389,213.94. This trade represents a 7.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew R. Heyer sold 20,000 shares of OneSpaWorld stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.04, for a total transaction of $520,800.00. Following the transaction, the director owned 489,817 shares of the company’s stock, valued at approximately $12,754,834.68. The trade was a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on OSW. Zacks Research upgraded OneSpaWorld from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings upgraded shares of OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Truist Financial increased their price target on shares of OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, May 22nd. TD Cowen raised their price objective on shares of OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group raised their price objective on shares of OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. One 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 company. According to data from MarketBeat.com, OneSpaWorld has a consensus rating of “Buy” and an average target price of $29.20.

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.