Nuveen LLC Purchases New Position in OneSpaWorld Holdings Limited $OSW

Key Points

• Nuveen LLC invested $13.35 million in OneSpaWorld Holdings Limited, acquiring approximately 795,013 shares, representing about 0.76% of the company.
• Several institutional investors have significantly increased their holdings in OneSpaWorld, with Victory Capital Management growing its portfolio by 2,326% during the first quarter.
• The company's stock is currently valued at $21.95, with a market capitalization of $2.25 billion and a dividend yield of 0.7%, alongside a recent earnings report exceeding analysts' expectations.

Nuveen LLC purchased a new position in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 795,013 shares of the company's stock, valued at approximately $13,348,000. Nuveen LLC owned about 0.76% of OneSpaWorld at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of OSW. Victory Capital Management Inc. raised its stake in shares of OneSpaWorld by 2,326.2% in the first quarter. Victory Capital Management Inc. now owns 2,788,705 shares of the company's stock worth $46,822,000 after purchasing an additional 2,673,765 shares during the last quarter. Royal Bank of Canada raised its stake in shares of OneSpaWorld by 1,699.9% in the fourth quarter. Royal Bank of Canada now owns 844,479 shares of the company's stock worth $16,806,000 after purchasing an additional 797,562 shares during the last quarter. Neumeier Poma Investment Counsel LLC increased its position in OneSpaWorld by 37.9% during the first quarter. Neumeier Poma Investment Counsel LLC now owns 1,173,827 shares of the company's stock valued at $19,709,000 after acquiring an additional 322,705 shares during the last quarter. Wellington Management Group LLP increased its position in OneSpaWorld by 16.8% during the fourth quarter. Wellington Management Group LLP now owns 2,092,683 shares of the company's stock valued at $41,644,000 after acquiring an additional 301,651 shares during the last quarter. Finally, Emerald Advisers LLC increased its position in OneSpaWorld by 62.5% during the first quarter. Emerald Advisers LLC now owns 680,178 shares of the company's stock valued at $11,420,000 after acquiring an additional 261,701 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company's stock.

Analyst Ratings Changes

OSW has been the subject of a number of research reports. TD Securities reduced their price objective on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus upped their price objective on OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wall Street Zen cut OneSpaWorld from a "buy" rating to a "hold" rating in a research report on Saturday. Cowen reiterated a "buy" rating on shares of OneSpaWorld in a research report on Thursday, May 1st. Finally, William Blair reiterated an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, OneSpaWorld presently has an average rating of "Buy" and a consensus price target of $22.67.

OneSpaWorld Stock Performance

NASDAQ:OSW traded up $0.10 during mid-day trading on Wednesday, hitting $22.92. 672,329 shares of the company traded hands, compared to its average volume of 492,841. The stock's fifty day moving average price is $21.51 and its 200-day moving average price is $19.47. OneSpaWorld Holdings Limited has a one year low of $14.21 and a one year high of $23.28. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 33.71 and a beta of 1.38.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The firm had revenue of $240.73 million during the quarter, compared to analyst estimates of $238.28 million. OneSpaWorld had a return on equity of 15.93% and a net margin of 7.74%.The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 earnings per share. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. OneSpaWorld's dividend payout ratio is 23.53%.

Insider Transactions at OneSpaWorld

In other news, Director Andrew R. Heyer sold 31,289 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $21.59, for a total value of $675,529.51. Following the completion of the transaction, the director owned 332,145 shares of the company's stock, valued at $7,171,010.55. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Glenn Fusfield sold 23,116 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $21.57, for a total value of $498,612.12. Following the completion of the transaction, the director directly owned 151,799 shares of the company's stock, valued at approximately $3,274,304.43. This trade represents a 13.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,129 shares of company stock valued at $4,701,156. Corporate insiders own 3.90% of the company's stock.

About OneSpaWorld

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.