OneSpaWorld Holdings Limited (NASDAQ:OSW) Sees Large Decrease in Short Interest

OneSpaWorld Holdings Limited (NASDAQ:OSW) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 4,474,814 shares, a drop of 17.2% from the February 26th total of 5,405,508 shares. Based on an average trading volume of 843,914 shares, the days-to-cover ratio is presently 5.3 days. Currently, 4.6% of the shares of the stock are sold short.

OneSpaWorld Stock Performance

Shares of OSW opened at $22.38 on Monday. OneSpaWorld has a 52-week low of $14.21 and a 52-week high of $23.56. The company has a quick ratio of 1.10, a current ratio of 1.91 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $21.23 and its two-hundred day moving average is $21.15. The stock has a market cap of $2.27 billion, a PE ratio of 32.44 and a beta of 0.99.

OneSpaWorld (NASDAQ:OSW) last released its earnings results on Wednesday, February 18th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The business had revenue of $242.13 million for the quarter, compared to analysts’ expectations of $243.07 million. OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.OneSpaWorld’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 EPS. Research analysts forecast that OneSpaWorld will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, March 11th. OneSpaWorld’s dividend payout ratio is currently 28.99%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OSW. Aster Capital Management DIFC Ltd purchased a new stake in OneSpaWorld in the third quarter valued at $29,000. Brown Brothers Harriman & Co. acquired a new stake in shares of OneSpaWorld during the 4th quarter worth about $31,000. Arax Advisory Partners raised its holdings in OneSpaWorld by 428.8% in the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock valued at $33,000 after buying an additional 1,295 shares during the period. First Horizon Corp raised its holdings in OneSpaWorld by 120.4% in the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after buying an additional 975 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in OneSpaWorld by 325.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after buying an additional 1,478 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on OSW. Jefferies Financial Group initiated coverage on shares of OneSpaWorld in a research report on Tuesday, March 24th. They set a “buy” rating and a $30.00 price objective for the company. Truist Financial lifted their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Stifel Nicolaus reduced their price target on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneSpaWorld in a research note on Monday, December 29th. Finally, Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $25.83.

OneSpaWorld Company Profile

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.