Raymond James Financial Inc. Has $42.22 Million Stake in OneSpaWorld Holdings Limited $OSW

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. decreased its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,514,550 shares of the company's stock after selling 238,671 shares during the period. Raymond James Financial Inc. owned 2.40% of OneSpaWorld worth $42,219,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in OSW. Amalgamated Bank grew its position in OneSpaWorld by 22.2% in the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock worth $58,000 after buying an additional 631 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in OneSpaWorld in the fourth quarter worth approximately $81,000. GAMMA Investing LLC grew its position in OneSpaWorld by 2,005.8% in the first quarter. GAMMA Investing LLC now owns 8,697 shares of the company's stock worth $146,000 after buying an additional 8,284 shares during the last quarter. MQS Management LLC acquired a new position in OneSpaWorld in the first quarter worth approximately $185,000. Finally, Diversified Trust Co acquired a new position in OneSpaWorld in the first quarter worth approximately $191,000. Institutional investors and hedge funds own 95.98% of the company's stock.

OneSpaWorld Stock Up 0.6%

Shares of OSW stock traded up $0.14 on Wednesday, hitting $22.96. The company's stock had a trading volume of 435,058 shares, compared to its average volume of 769,004. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.19. OneSpaWorld Holdings Limited has a fifty-two week low of $14.21 and a fifty-two week high of $23.28. The firm's fifty day moving average price is $21.44 and its 200-day moving average price is $19.44. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 33.74 and a beta of 1.38.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. OneSpaWorld had a net margin of 7.74% and a return on equity of 15.93%. The business had revenue of $240.73 million during the quarter, compared to analyst estimates of $238.28 million. During the same quarter in the previous year, the business earned $0.20 EPS. OneSpaWorld'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. Research analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 EPS for the current year.

OneSpaWorld Announces Dividend

The business 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 dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. OneSpaWorld's dividend payout ratio is currently 23.53%.

Wall Street Analysts Forecast Growth

OSW has been the topic of several recent research reports. Truist Financial lifted their price target on shares of OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. William Blair reaffirmed an "outperform" rating on shares of OneSpaWorld in a research note on Wednesday, July 23rd. Stifel Nicolaus raised their price objective on shares of OneSpaWorld from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Cowen reaffirmed a "buy" rating on shares of OneSpaWorld in a research note on Thursday, May 1st. Finally, Wall Street Zen lowered shares of OneSpaWorld from a "buy" rating to a "hold" rating in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $22.67.

Insider Transactions at OneSpaWorld

In other news, Director Glenn Fusfield sold 23,116 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $21.57, for a total transaction of $498,612.12. Following the completion of the transaction, the director owned 151,799 shares of the company's stock, valued at approximately $3,274,304.43. This represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew R. Heyer sold 31,289 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $21.59, for a total transaction of $675,529.51. Following the transaction, the director directly owned 332,145 shares of the company's stock, valued at $7,171,010.55. This represents a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,129 shares of company stock valued at $4,701,156 in the last ninety days. 3.90% of the stock is owned by company 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.