OneSpaWorld (NASDAQ:OSW) Shares Down 7.3% – Here’s Why

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s stock price was down 7.3% during trading on Monday . The company traded as low as $20.90 and last traded at $20.6350. Approximately 237,485 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 409,314 shares. The stock had previously closed at $22.25.

Analyst Upgrades and Downgrades

OSW has been the subject of a number of analyst reports. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Cowen reiterated a “buy” rating on shares of OneSpaWorld in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a research note on Monday, December 29th. Northcoast Research set a $28.00 target price on shares of OneSpaWorld and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Finally, TD Cowen raised their price target on shares of OneSpaWorld from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $24.60.

OneSpaWorld Price Performance

The firm has a market capitalization of $2.17 billion, a PE ratio of 29.97 and a beta of 1.04. The firm’s fifty day moving average price is $20.97 and its 200 day moving average price is $21.39. The company has a current ratio of 1.84, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. OneSpaWorld had a net margin of 7.90% and a return on equity of 16.38%. The company had revenue of $258.52 million during the quarter, compared to the consensus estimate of $258.41 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts forecast that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

OneSpaWorld Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were paid a $0.05 dividend. The ex-dividend date was Wednesday, November 19th. This is a positive change from OneSpaWorld’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. OneSpaWorld’s dividend payout ratio (DPR) is currently 28.17%.

Insider Activity at OneSpaWorld

In other news, CEO Stephen Lazarus sold 8,569 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total transaction of $180,977.28. Following the sale, the chief executive officer owned 351,250 shares of the company’s stock, valued at $7,418,400. This trade represents a 2.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Walter Field Mclallen sold 5,000 shares of OneSpaWorld stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $20.21, for a total transaction of $101,050.00. Following the transaction, the director directly owned 154,882 shares of the company’s stock, valued at approximately $3,130,165.22. This trade represents a 3.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 33,569 shares of company stock worth $685,827. 3.90% of the stock is owned by corporate insiders.

Institutional Trading of OneSpaWorld

A number of hedge funds have recently added to or reduced their stakes in OSW. Ariel Investments LLC raised its position in shares of OneSpaWorld by 23.3% in the second quarter. Ariel Investments LLC now owns 13,213,156 shares of the company’s stock worth $269,416,000 after acquiring an additional 2,499,851 shares during the period. First Trust Advisors LP increased its stake in shares of OneSpaWorld by 45.6% in the 3rd quarter. First Trust Advisors LP now owns 3,088,830 shares of the company’s stock valued at $65,298,000 after purchasing an additional 966,889 shares in the last quarter. American Century Companies Inc. increased its stake in shares of OneSpaWorld by 2.7% in the 3rd quarter. American Century Companies Inc. now owns 3,055,737 shares of the company’s stock valued at $64,598,000 after purchasing an additional 79,259 shares in the last quarter. Raymond James Financial Inc. raised its holdings in OneSpaWorld by 0.4% in the 2nd quarter. Raymond James Financial Inc. now owns 2,525,357 shares of the company’s stock worth $51,492,000 after purchasing an additional 10,807 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in OneSpaWorld by 11.8% during the second quarter. Loomis Sayles & Co. L P now owns 2,004,147 shares of the company’s stock worth $40,865,000 after purchasing an additional 211,113 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

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.