OneSpaWorld (NASDAQ:OSW) Shares Gap Up – Here’s Why

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares gapped up prior to trading on Monday . The stock had previously closed at $20.98, but opened at $22.35. OneSpaWorld shares last traded at $21.8160, with a volume of 64,368 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. Truist Financial boosted their target price on OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Wall Street Zen downgraded OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Finally, TD Cowen cut their price objective on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $25.00.

OneSpaWorld Trading Up 3.8%

The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 31.54 and a beta of 0.99. The business’s fifty day moving average is $21.03 and its 200 day moving average is $21.12. The company has a quick ratio of 1.10, a current ratio of 1.91 and a debt-to-equity ratio of 0.15.

OneSpaWorld (NASDAQ:OSW) last announced its earnings results on Wednesday, February 18th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The company had revenue of $242.13 million during the quarter, compared to analyst estimates of $243.07 million. OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.OneSpaWorld’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Equities analysts predict that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

OneSpaWorld Announces Dividend

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

Institutional Investors Weigh In On OneSpaWorld

Institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in shares of OneSpaWorld during the 3rd quarter worth approximately $29,000. Brown Brothers Harriman & Co. bought a new stake in shares of OneSpaWorld in the fourth quarter worth $31,000. Arax Advisory Partners boosted its holdings in OneSpaWorld by 428.8% during the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after purchasing an additional 1,295 shares during the last quarter. First Horizon Corp grew its position in OneSpaWorld by 120.4% in the fourth quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after purchasing an additional 975 shares in the last quarter. Finally, Farther Finance Advisors LLC grew 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 purchasing an additional 1,478 shares in the last quarter. Institutional investors own 95.98% of the company’s stock.

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.