Royal Bank of Canada Increases Stock Holdings 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 grew its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 859,358 shares of the company's stock after buying an additional 14,879 shares during the quarter. Royal Bank of Canada owned about 0.82% of OneSpaWorld worth $14,428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in OneSpaWorld by 566.4% during the first quarter. American Century Companies Inc. now owns 1,448,268 shares of the company's stock worth $24,316,000 after purchasing an additional 1,230,931 shares during the last quarter. Amalgamated Bank lifted its position in OneSpaWorld by 22.2% during 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 period. Bessemer Group Inc. lifted its position in OneSpaWorld by 41,840.0% during the first quarter. Bessemer Group Inc. now owns 16,776 shares of the company's stock worth $282,000 after buying an additional 16,736 shares during the period. Deutsche Bank AG lifted its position in OneSpaWorld by 48.3% during the fourth quarter. Deutsche Bank AG now owns 88,588 shares of the company's stock worth $1,763,000 after buying an additional 28,857 shares during the period. Finally, Bank of America Corp DE lifted its position in OneSpaWorld by 4.0% during the fourth quarter. Bank of America Corp DE now owns 473,223 shares of the company's stock worth $9,417,000 after buying an additional 18,207 shares during the period. 95.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OSW shares. Wall Street Zen raised OneSpaWorld from a "hold" rating to a "buy" rating in a research report 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 OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Finally, William Blair reiterated an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, OneSpaWorld has a consensus rating of "Buy" and an average target price of $22.67.

OneSpaWorld Trading Down 1.5%

NASDAQ OSW opened at $21.79 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.24 billion, a PE ratio of 32.04 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 firm's fifty day simple moving average is $21.94 and its 200-day simple moving average is $19.49.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate 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 net margin of 7.74% and a return on equity of 15.93%. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 20th. OneSpaWorld's dividend payout ratio (DPR) is currently 23.53%.

Insider Activity

In related news, Director Andrew R. Heyer sold 31,289 shares of the stock in a transaction dated 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 sale, the director owned 332,145 shares in the company, valued at approximately $7,171,010.55. This trade represents 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 hyperlink. Also, Director Glenn Fusfield sold 11,057 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $22.59, for a total transaction of $249,777.63. Following the completion of the sale, the director owned 70,360 shares of the company's stock, valued at approximately $1,589,432.40. The trade was a 13.58% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 235,763 shares of company stock worth $5,202,595. 3.90% of the stock is currently owned by company insiders.

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.

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