Legal & General Group Plc Takes $6.56 Million Position in OneSpaWorld Holdings Limited $OSW

Legal & General Group Plc acquired a new position in OneSpaWorld Holdings Limited (NASDAQ:OSW) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 232,371 shares of the company’s stock, valued at approximately $6,562,000.

Several other institutional investors have also recently made changes to their positions in OSW. Brown Brothers Harriman & Co. acquired a new position in OneSpaWorld during the fourth quarter valued at $31,000. Arax Advisory Partners grew its position in 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 purchasing an additional 1,295 shares during the period. Global Retirement Partners LLC acquired a new stake in OneSpaWorld during the 2nd quarter worth about $38,000. Farther Finance Advisors LLC grew its position in OneSpaWorld by 325.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after purchasing an additional 1,478 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in shares of OneSpaWorld by 111.1% during the 4th 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 during the last quarter. Hedge funds and other institutional investors 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 stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $26.42, for a total transaction of $666,285.98. Following the transaction, the director owned 306,926 shares in the company, valued at approximately $8,108,984.92. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Walter Field Mclallen sold 10,500 shares of the 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 owned 137,382 shares in the company, valued at $3,389,213.94. This represents a 7.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 90,500 shares of company stock valued at $2,363,762 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

OSW has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of OneSpaWorld in a report on Friday, July 31st. Jefferies Financial Group raised their target price on OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Truist Financial boosted their price target on OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Stifel Nicolaus upped their price objective on OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $30.60.

OneSpaWorld Stock Down 1.5%

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

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 analysts’ consensus estimates of $0.28 by $0.01. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The business had revenue of $261.25 million during the quarter, compared to the consensus estimate of $260.93 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year. On average, research analysts forecast that OneSpaWorld Holdings Limited will post 1.05 EPS for the current year.

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, August 19th. OneSpaWorld’s payout ratio is currently 25.32%.

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.