OneSpaWorld (NASDAQ:OSW) Downgraded by Zacks Investment Research to “Sell”

OneSpaWorld (NASDAQ:OSW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Zacks.com reports.

According to Zacks, “OneSpaWorld Holdings Limited is a provider and innovator in the fields of wellness, beauty, rejuvenation and transformation on cruise ships and on land. The company’s service includes traditional and alternative massage, body and skincare treatment options, ayurvedic treatments, comprehensive hair and nail services, fitness, acupuncture, herbal medicine, pain management and medi-spa. OneSpaWorld Holdings Limited, formerly known as Haymaker Acquisition Corp., is based in Nassau Bahamas. “

Shares of OneSpaWorld stock opened at $10.32 on Friday. OneSpaWorld has a twelve month low of $8.15 and a twelve month high of $12.52. The stock has a market capitalization of $942.85 million, a P/E ratio of -10.02 and a beta of 2.49. The company has a current ratio of 1.72, a quick ratio of 1.19 and a debt-to-equity ratio of 0.77. The business’s fifty day moving average price is $10.35 and its 200 day moving average price is $10.19.

OneSpaWorld (NASDAQ:OSW) last issued its earnings results on Wednesday, November 3rd. The company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. The firm had revenue of $43.64 million for the quarter, compared to analysts’ expectations of $27.90 million. OneSpaWorld had a negative return on equity of 21.34% and a negative net margin of 137.56%. During the same quarter last year, the firm earned ($0.21) earnings per share. As a group, sell-side analysts predict that OneSpaWorld will post -0.59 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of OSW. Advisor Group Holdings Inc. increased its position in shares of OneSpaWorld by 9.6% during the third quarter. Advisor Group Holdings Inc. now owns 10,905 shares of the company’s stock worth $108,000 after acquiring an additional 959 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of OneSpaWorld by 9.4% during the second quarter. Moors & Cabot Inc. now owns 12,534 shares of the company’s stock worth $121,000 after acquiring an additional 1,077 shares during the last quarter. Legal & General Group Plc increased its position in shares of OneSpaWorld by 22.5% during the second quarter. Legal & General Group Plc now owns 6,944 shares of the company’s stock worth $68,000 after acquiring an additional 1,275 shares during the last quarter. Valmark Advisers Inc. increased its position in shares of OneSpaWorld by 2.5% during the third quarter. Valmark Advisers Inc. now owns 65,660 shares of the company’s stock worth $655,000 after acquiring an additional 1,631 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of OneSpaWorld by 13.6% during the second quarter. ProShare Advisors LLC now owns 13,713 shares of the company’s stock worth $133,000 after acquiring an additional 1,637 shares during the last quarter. Institutional investors own 83.46% of the company’s stock.

About OneSpaWorld

OneSpaWorld Holdings Ltd. engages in the provision of health and wellness services. The firm also sells beauty products onboard cruise ships and at destination resort health and wellness centers. It operates through the Maritime and Destination Resorts segment. The company was founded in 1901 and is headquartered in Nassau, Bahamas.

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