OneSpaWorld Holdings Limited (NASDAQ:OSW) Short Interest Down 17.2% in March

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OSW. Truist Financial increased their price objective on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. TD Cowen lifted their price objective on shares of OneSpaWorld from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday. Finally, Stifel Nicolaus lowered their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $26.33.

Institutional Trading of OneSpaWorld

Several institutional investors have recently added to or reduced their stakes in OSW. Ariel Investments LLC raised its holdings in OneSpaWorld by 23.3% during the 2nd quarter. Ariel Investments LLC now owns 13,213,156 shares of the company’s stock worth $269,416,000 after purchasing an additional 2,499,851 shares during the last quarter. Reinhart Partners LLC. bought a new stake in shares of OneSpaWorld in the 4th quarter valued at $45,358,000. First Trust Advisors LP increased its position in shares of OneSpaWorld by 45.6% during the third quarter. First Trust Advisors LP now owns 3,088,830 shares of the company’s stock worth $65,298,000 after buying an additional 966,889 shares during the period. Bessemer Group Inc. increased its position in shares of OneSpaWorld by 3,988.8% during the third quarter. Bessemer Group Inc. now owns 924,726 shares of the company’s stock worth $19,550,000 after buying an additional 902,110 shares during the period. Finally, Aberdeen Group plc bought a new position in OneSpaWorld during the fourth quarter worth $17,663,000. 95.98% of the stock is currently owned by institutional investors.

OneSpaWorld Trading Up 3.1%

Shares of NASDAQ:OSW traded up $0.70 during mid-day trading on Tuesday, reaching $22.95. 761,957 shares of the company’s stock were exchanged, compared to its average volume of 933,992. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.91. OneSpaWorld has a twelve month low of $14.21 and a twelve month high of $23.56. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 33.26 and a beta of 0.99. The business’s fifty day moving average price is $21.35 and its 200-day moving average price is $21.15.

OneSpaWorld (NASDAQ:OSW) last announced its earnings results 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). The company had revenue of $242.13 million for the quarter, compared to the consensus estimate of $243.07 million. OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 earnings per share. On average, research analysts predict that OneSpaWorld will post 0.9 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, March 11th. OneSpaWorld’s dividend payout ratio (DPR) is 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.