OneSpaWorld Holdings Limited $OSW Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 14.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 867,961 shares of the company’s stock after selling 150,096 shares during the period. Royal Bank of Canada’s holdings in OneSpaWorld were worth $19,920,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of OSW. Brown Brothers Harriman & Co. purchased a new stake in shares of OneSpaWorld in the fourth quarter valued at $31,000. Arax Advisory Partners increased its position in OneSpaWorld by 428.8% during the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after purchasing an additional 1,295 shares in the last quarter. First Horizon Corp increased its position in OneSpaWorld by 120.4% during the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after purchasing an additional 975 shares in the last quarter. Farther Finance Advisors LLC raised its stake in OneSpaWorld by 325.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after purchasing an additional 1,478 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in OneSpaWorld by 111.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock valued at $49,000 after purchasing an additional 1,244 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

OneSpaWorld Price Performance

OSW opened at $26.61 on Thursday. The company’s 50 day simple moving average is $26.27 and its 200 day simple moving average is $23.79. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.93 and a current ratio of 2.91. OneSpaWorld Holdings Limited has a 1 year low of $19.06 and a 1 year high of $29.25. The stock has a market capitalization of $2.70 billion, a PE ratio of 33.68 and a beta of 0.91.

OneSpaWorld (NASDAQ:OSW) last issued its earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $261.25 million for the quarter, compared to analysts’ expectations of $260.93 million. OneSpaWorld had a return on equity of 18.36% and a net margin of 8.02%.The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. As a group, sell-side analysts expect that OneSpaWorld Holdings Limited will post 1.05 EPS for the current year.

OneSpaWorld Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.20 annualized dividend and a yield of 0.8%. OneSpaWorld’s dividend payout ratio (DPR) is 25.32%.

Insider Buying and Selling

In other news, Director Walter Field Mclallen sold 10,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.67, for a total transaction of $259,035.00. Following the completion of the transaction, the director directly owned 137,382 shares in the company, valued at approximately $3,389,213.94. This represents a 7.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew R. Heyer sold 20,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $26.04, for a total transaction of $520,800.00. Following the completion of the sale, the director owned 489,817 shares in the company, valued at approximately $12,754,834.68. This trade represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

OSW has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a research note on Friday, July 31st. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. TD Cowen upped their price objective on shares of OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Jefferies Financial Group raised their target price on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Truist Financial increased their price target on OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $30.60.

About OneSpaWorld

OneSpaWorld Holdings Ltd is a global provider of spa and wellness services, catering primarily to the cruise line, hospitality and venue-based leisure industries. The company designs and operates on-board spa facilities, salon services and retail boutiques, offering treatments such as massage, facial and body therapies, nail care, hair styling and aesthetic enhancements. Additionally, OneSpaWorld provides program consulting, management, training and product distribution services to its partners, enabling tailored spa experiences across diverse passenger and guest demographics.

OneSpaWorld’s core operations span major cruise lines—such as Carnival Corporation, Royal Caribbean Group, MSC Cruises and Virgin Voyages—as well as luxury resort and hotel brands.