Royal Bank of Canada Grows Stock Position in OneSpaWorld Holdings Limited $OSW

Key Points

• Royal Bank of Canada increased its holdings in OneSpaWorld Holdings Limited by 1.8%, owning approximately 0.82% of the company, valued at $14.43 million.
• Several other institutional investors significantly raised their stakes in OneSpaWorld, with American Century Companies Inc. boosting its holdings by 566.4% in the first quarter.
• OneSpaWorld recently declared a quarterly dividend of $0.04 per share, resulting in an annualized dividend yield of 0.7%.

Royal Bank of Canada raised its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 1.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 859,358 shares of the company's stock after purchasing an additional 14,879 shares during the period. Royal Bank of Canada owned 0.82% of OneSpaWorld worth $14,428,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Amalgamated Bank lifted its position in shares of OneSpaWorld by 22.2% during the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock valued at $58,000 after buying an additional 631 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in OneSpaWorld by 7.3% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,945 shares of the company's stock valued at $201,000 after acquiring an additional 815 shares in the last quarter. Sheets Smith Wealth Management grew its holdings in OneSpaWorld by 3.8% in the first quarter. Sheets Smith Wealth Management now owns 34,199 shares of the company's stock worth $574,000 after purchasing an additional 1,247 shares during the last quarter. Townsquare Capital LLC grew its holdings in OneSpaWorld by 0.7% in the first quarter. Townsquare Capital LLC now owns 213,191 shares of the company's stock worth $3,579,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of OneSpaWorld by 27.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company's stock valued at $109,000 after purchasing an additional 1,443 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wall Street Zen upgraded OneSpaWorld from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Stifel Nicolaus boosted their price target on OneSpaWorld from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Truist Financial upped their price objective on shares of OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a report on Monday, June 9th. Finally, William Blair reaffirmed an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $22.67.

Insider Buying and Selling at OneSpaWorld

In other OneSpaWorld news, Director Andrew R. Heyer sold 31,289 shares of OneSpaWorld stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $21.59, for a total value of $675,529.51. Following the completion of the transaction, the director owned 332,145 shares of the company's stock, valued at approximately $7,171,010.55. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glenn Fusfield sold 11,057 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $22.59, for a total transaction of $249,777.63. Following the sale, the director directly owned 70,360 shares in the company, valued at approximately $1,589,432.40. The trade was a 13.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 235,763 shares of company stock worth $5,202,595. 3.90% of the stock is owned by company insiders.

OneSpaWorld Stock Performance

NASDAQ:OSW traded down $0.18 during mid-day trading on Tuesday, hitting $21.69. The company's stock had a trading volume of 842,254 shares, compared to its average volume of 475,807. The business's fifty day moving average is $21.99 and its two-hundred day moving average is $19.58. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 31.90 and a beta of 1.32. OneSpaWorld Holdings Limited has a 1 year low of $14.21 and a 1 year high of $23.28. 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 (NASDAQ:OSW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The firm had revenue of $240.73 million for the quarter, compared to the consensus estimate of $238.28 million. OneSpaWorld had a return on equity of 15.93% and a net margin of 7.74%.The company's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 earnings per share. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 20th. OneSpaWorld's payout ratio is currently 23.53%.

OneSpaWorld Company 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.