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

OneSpaWorld Holdings Limited (NASDAQ:OSW) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 5,236,009 shares, an increase of 133.5% from the January 29th total of 2,242,375 shares. Based on an average daily volume of 3,001,703 shares, the days-to-cover ratio is currently 1.7 days. Currently, 5.3% of the shares of the stock are sold short. Currently, 5.3% of the shares of the stock are sold short. Based on an average daily volume of 3,001,703 shares, the days-to-cover ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

OSW has been the subject of a number of research reports. Stifel Nicolaus reduced their target price on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, January 15th. TD Cowen decreased their target price on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneSpaWorld in a research report on Monday, December 29th. Finally, Zacks Research downgraded OneSpaWorld from a “hold” rating to a “strong sell” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Insider Transactions at OneSpaWorld

In other OneSpaWorld news, Director Andrew R. Heyer sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $20.19, for a total value of $403,800.00. Following the completion of the sale, the director directly owned 509,817 shares of the company’s stock, valued at approximately $10,293,205.23. This represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Walter Field Mclallen sold 5,000 shares of the firm’s stock in a transaction dated 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 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 position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 33,569 shares of company stock valued at $685,827. Corporate insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On OneSpaWorld

Institutional investors have recently modified their holdings of the stock. Ariel Investments LLC increased its stake 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 last quarter. Reinhart Partners LLC. purchased a new stake in shares of OneSpaWorld during the 4th quarter worth about $45,358,000. American Century Companies Inc. lifted its holdings in shares of OneSpaWorld by 105.5% during the 2nd quarter. American Century Companies Inc. now owns 2,976,478 shares of the company’s stock valued at $60,690,000 after buying an additional 1,528,210 shares during the last quarter. First Trust Advisors LP grew 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 buying an additional 966,889 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of OneSpaWorld by 3,988.8% in the 3rd quarter. Bessemer Group Inc. now owns 924,726 shares of the company’s stock valued at $19,550,000 after buying an additional 902,110 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Stock Performance

Shares of OneSpaWorld stock opened at $22.27 on Friday. OneSpaWorld has a 12 month low of $14.21 and a 12 month high of $23.54. The company has a quick ratio of 1.09, a current ratio of 1.91 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.27 billion, a PE ratio of 32.28 and a beta of 1.03. The business has a fifty day simple moving average of $21.18 and a 200-day simple moving average of $21.28.

OneSpaWorld (NASDAQ:OSW) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.The business had revenue of $242.13 million during the quarter, compared to analysts’ expectations of $243.07 million. During the same period in the prior year, the company posted $0.20 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts anticipate that OneSpaWorld will post 0.9 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. OneSpaWorld’s payout ratio is presently 28.99%.

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.