Arrowstreet Capital Increases Holdings in OneSpaWorld
Arrowstreet Capital Limited Partnership announced a substantial increase in its holdings in OneSpaWorld Holdings Limited, according to their recent submission to the Securities and Exchange Commission (SEC). The investment firm elevated its ownership by 205.7% during the fourth quarter, acquiring an impressive 845,117 additional shares, which brought their total to 1,255,893 shares. At the time of this filing, Arrowstreet’s stake was valued at $24,992,000, representing 1.21% of OneSpaWorld’s outstanding shares.
Other institutional investors have also diversified their positions in the company. Global Retirement Partners LLC entered the scene with a new investment of approximately $26,000 in OneSpaWorld shares during the fourth quarter. Signaturefd LLC increased its stake by an astounding 139.9%, now holding 1,317 shares valued at around $26,000 after acquiring additional shares during the quarter. Similarly, USA Financial Formulas invested approximately $36,000, while Point72 DIFC Ltd made a new investment in the third quarter, valued at $81,000. Notably, Smartleaf Asset Management LLC boosted its holdings by 2,395.2%, raising their total to 5,165 shares worth $103,000 after purchasing nearly 5,000 shares in the same period. Overall, institutional investors now own an impressive 95.98% of OneSpaWorld’s stock.
OneSpaWorld’s Stock Performance
The stock was trading at $15.77 at the opening on Friday. The company boasts a market capitalization of $1.65 billion, with a price-to-earnings ratio of 22.53 and a beta of 2.11. Over the past year, OneSpaWorld has experienced a low of $11.98 and a high of $23.01. The company maintains a healthy financial posture with a debt-to-equity ratio of 0.18 and current and quick ratios of 1.84 and 1.29, respectively.
Dividend and Analyst Updates
In addition to its growth, OneSpaWorld recently declared a quarterly dividend of $0.04 per share payable to investors of record. This payout represents an annualized dividend of $0.16, yielding 1.01% with a current payout ratio of 22.86%. Analysts have responded favorably, with Stifel Nicolaus recently increasing its price target for the stock from $24.00 to $25.00, affirming a ‘buy’ rating.
About OneSpaWorld
OneSpaWorld Holdings Limited is known for operating health and wellness centers on cruise ships and at resorts worldwide. Their centers provide a variety of services including spa treatments, fitness programs, and wellness education initiatives.
For more insights, visit MarketBeat’s Stock Analysis on OneSpaWorld.
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