Madison Investment Advisors LLC Makes New Investment in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Madison Investment Advisors LLC purchased a new position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 352,297 shares of the company’s stock, valued at approximately $7,011,000. Madison Investment Advisors LLC owned approximately 0.34% of OneSpaWorld at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of OneSpaWorld by 54.0% in the 3rd quarter. FMR LLC now owns 4,137,525 shares of the company’s stock worth $68,311,000 after purchasing an additional 1,451,283 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of OneSpaWorld by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,414,363 shares of the company’s stock worth $39,869,000 after purchasing an additional 141,578 shares in the last quarter. State Street Corp raised its holdings in shares of OneSpaWorld by 3.0% in the 3rd quarter. State Street Corp now owns 2,148,522 shares of the company’s stock worth $35,472,000 after purchasing an additional 61,568 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of OneSpaWorld by 21.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,791,032 shares of the company’s stock worth $29,570,000 after purchasing an additional 316,207 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of OneSpaWorld by 1.7% in the 4th quarter. New York State Common Retirement Fund now owns 1,142,843 shares of the company’s stock worth $22,743,000 after purchasing an additional 19,269 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors.

OneSpaWorld Stock Performance

OneSpaWorld stock opened at $17.50 on Friday. The firm’s 50 day simple moving average is $19.77 and its 200-day simple moving average is $18.68. The company has a market cap of $1.83 billion, a P/E ratio of 25.00 and a beta of 2.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. OneSpaWorld Holdings Limited has a fifty-two week low of $11.98 and a fifty-two week high of $23.01.

OneSpaWorld Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Wednesday, March 12th. OneSpaWorld’s dividend payout ratio (DPR) is currently 22.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OSW. Stifel Nicolaus boosted their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Truist Financial boosted their target price on shares of OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd.

OneSpaWorld Profile

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.