OneSpaWorld Holdings Limited $OSW Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. has reduced its stake in OneSpaWorld Holdings Limited by 8.7%, owning 2.4% of the company, valued at approximately $42.2 million.
• The company reported earnings of $0.25 per share for the last quarter, surpassing expectations and reflecting a 7.0% increase in quarterly revenue compared to the previous year.
• OneSpaWorld recently declared a quarterly dividend of $0.04 per share, with a dividend yield of 0.7% and a payout ratio of 23.53%.

Raymond James Financial Inc. cut its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 8.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,514,550 shares of the company's stock after selling 238,671 shares during the quarter. Raymond James Financial Inc. owned approximately 2.40% of OneSpaWorld worth $42,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Amalgamated Bank increased its position in OneSpaWorld by 22.2% during the 1st quarter. Amalgamated Bank now owns 3,479 shares of the company's stock valued at $58,000 after purchasing an additional 631 shares during the period. Aquatic Capital Management LLC bought a new position in shares of OneSpaWorld during the fourth quarter valued at approximately $81,000. GAMMA Investing LLC increased its holdings in OneSpaWorld by 2,005.8% during the first quarter. GAMMA Investing LLC now owns 8,697 shares of the company's stock valued at $146,000 after buying an additional 8,284 shares during the period. MQS Management LLC bought a new position in OneSpaWorld in the first quarter worth approximately $185,000. Finally, Diversified Trust Co purchased a new stake in OneSpaWorld during the first quarter worth $191,000. 95.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Andrew R. Heyer sold 31,289 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $21.59, for a total value of $675,529.51. Following the transaction, the director owned 332,145 shares in the company, valued at $7,171,010.55. This trade 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 through this link. Also, Director Glenn Fusfield sold 23,116 shares of OneSpaWorld stock in a transaction that occurred on 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 sale, the director directly owned 151,799 shares in the company, valued at $3,274,304.43. This represents a 13.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 214,129 shares of company stock valued at $4,701,156 over the last 90 days. 3.90% of the stock is currently owned by company insiders.

OneSpaWorld Stock Performance

Shares of NASDAQ:OSW traded down $0.22 during trading on Thursday, hitting $22.72. The stock had a trading volume of 109,368 shares, compared to its average volume of 766,543. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.17. OneSpaWorld Holdings Limited has a 12-month low of $14.21 and a 12-month high of $23.28. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 33.40 and a beta of 1.38. The stock has a 50-day simple moving average of $21.51 and a two-hundred day simple moving average of $19.47.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $240.73 million during the quarter, compared to the consensus estimate of $238.28 million. OneSpaWorld had a net margin of 7.74% and a return on equity of 15.93%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 earnings per share. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect 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 given a $0.04 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. OneSpaWorld's payout ratio is 23.53%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. William Blair reaffirmed an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. TD Securities decreased their price objective on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Truist Financial lifted their target price on OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Cowen reiterated a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. Finally, Stifel Nicolaus raised their price target on shares of OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $22.67.

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.