Nixon Capital LLC Acquires New Stake in OneSpaWorld Holdings Limited $OSW

Nixon Capital LLC acquired a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) during the second quarter, Holdings Channel reports. The fund acquired 891,202 shares of the company’s stock, valued at approximately $25,168,000. OneSpaWorld accounts for approximately 7.9% of Nixon Capital LLC’s investment portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in shares of OneSpaWorld during the second quarter worth $38,000. Brown Brothers Harriman & Co. purchased a new position in shares of OneSpaWorld in the fourth quarter worth about $31,000. Arax Advisory Partners lifted its stake in shares of OneSpaWorld by 428.8% in the fourth 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. Farther Finance Advisors LLC boosted its position in OneSpaWorld by 325.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after acquiring an additional 1,478 shares during the last quarter. Finally, Persistent Asset Partners Ltd acquired a new position in OneSpaWorld during the second quarter worth about $58,000. Institutional investors and hedge funds own 95.98% of the company’s stock.

Insider Buying and Selling

In related news, Director Andrew R. Heyer sold 4,781 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $26.07, for a total value of $124,640.67. Following the transaction, the director directly owned 302,145 shares in the company, valued at approximately $7,876,920.15. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the transaction, the director owned 137,382 shares of the company’s stock, valued at $3,389,213.94. The trade was a 7.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 90,500 shares of company stock valued at $2,363,762 in the last 90 days. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

OSW has been the subject of several research reports. Wall Street Zen cut shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Jefferies Financial Group boosted 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. Truist Financial upped their price target on OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. TD Cowen increased their price target on OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus lifted 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 equities research 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $30.60.

OneSpaWorld Trading Up 2.3%

Shares of OSW opened at $26.68 on Friday. OneSpaWorld Holdings Limited has a 12-month low of $19.06 and a 12-month high of $29.25. The firm has a market capitalization of $2.71 billion, a P/E ratio of 33.77 and a beta of 0.91. The firm has a 50-day moving average price of $26.81 and a 200 day moving average price of $24.32. The company has a current ratio of 2.91, a quick ratio of 1.93 and a debt-to-equity ratio of 0.14.

OneSpaWorld (NASDAQ:OSW) last issued its earnings results on Wednesday, July 29th. The company reported $0.29 EPS 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 company had revenue of $261.25 million for the quarter, compared to the consensus estimate of $260.93 million. During the same period in the previous year, the firm earned $0.19 earnings per share. OneSpaWorld’s quarterly revenue was up 8.5% compared to the same quarter last year. Sell-side analysts forecast that OneSpaWorld Holdings Limited will post 1.05 EPS for the current year.

OneSpaWorld Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. OneSpaWorld’s dividend payout ratio (DPR) 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.