Nixon Capital LLC Raises Holdings in OneSpaWorld Holdings Limited $OSW

Key Points

• Nixon Capital LLC has increased its holdings in OneSpaWorld Holdings Limited by 8.0%, making it the firm's 8th largest position, with a total of 888,408 shares valued at approximately $14.9 million.
• Several hedge funds, including Ariel Investments and American Century Companies, have substantially increased their stakes in OneSpaWorld, with some raising positions by over 2,300%.
• OneSpaWorld announced a quarterly dividend of $0.04 per share, representing an annualized yield of 0.7%, alongside strong earnings performance beating estimates.

Nixon Capital LLC increased its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 888,408 shares of the company's stock after acquiring an additional 65,619 shares during the period. OneSpaWorld makes up about 5.2% of Nixon Capital LLC's investment portfolio, making the stock its 8th largest position. Nixon Capital LLC owned approximately 0.85% of OneSpaWorld worth $14,916,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Ariel Investments LLC grew its holdings in OneSpaWorld by 37.7% during the first quarter. Ariel Investments LLC now owns 10,713,305 shares of the company's stock worth $179,876,000 after acquiring an additional 2,932,284 shares during the period. Channing Capital Management LLC grew its holdings in OneSpaWorld by 14.7% during the first quarter. Channing Capital Management LLC now owns 3,251,124 shares of the company's stock worth $54,586,000 after acquiring an additional 416,609 shares during the period. Vanguard Group Inc. grew its holdings in OneSpaWorld by 9.3% during the first quarter. Vanguard Group Inc. now owns 2,982,065 shares of the company's stock worth $50,069,000 after acquiring an additional 253,112 shares during the period. Victory Capital Management Inc. grew its holdings in OneSpaWorld by 2,326.2% during the first quarter. Victory Capital Management Inc. now owns 2,788,705 shares of the company's stock worth $46,822,000 after acquiring an additional 2,673,765 shares during the period. Finally, Wellington Management Group LLP grew its holdings in OneSpaWorld by 16.8% during the fourth quarter. Wellington Management Group LLP now owns 2,092,683 shares of the company's stock worth $41,644,000 after acquiring an additional 301,651 shares during the period. 95.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OSW. Truist Financial lifted their price target on OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Stifel Nicolaus lifted their price target on OneSpaWorld from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wall Street Zen raised OneSpaWorld from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, William Blair reissued an "outperform" rating on shares of OneSpaWorld in a research note on Wednesday, July 23rd. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $22.67.

OneSpaWorld Stock Down 2.1%

NASDAQ OSW traded down $0.47 during trading on Wednesday, reaching $21.66. 202,783 shares of the company's stock were exchanged, compared to its average volume of 755,871. OneSpaWorld Holdings Limited has a fifty-two week low of $14.21 and a fifty-two week high of $23.28. The firm has a market capitalization of $2.22 billion, a PE ratio of 31.87 and a beta of 1.32. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.17. The company's fifty day simple moving average is $21.92 and its 200-day simple moving average is $19.48.

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

OneSpaWorld Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 20th. OneSpaWorld's payout ratio is currently 23.53%.

Insider Activity

In other news, Director Andrew R. Heyer sold 31,289 shares of OneSpaWorld stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $21.59, for a total transaction of $675,529.51. Following the completion of the sale, the director directly owned 332,145 shares in the company, valued at $7,171,010.55. The trade was a 8.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glenn Fusfield sold 11,057 shares of OneSpaWorld stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $22.59, for a total value of $249,777.63. Following the sale, the director owned 70,360 shares of the company's stock, valued at approximately $1,589,432.40. This represents a 13.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 238,263 shares of company stock valued at $5,250,920. 3.90% of the stock is owned by corporate insiders.

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.