OneSpaWorld (NASDAQ:OSW) Shares Up 5.8% After Better-Than-Expected Earnings

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s share price shot up 5.8% during trading on Thursday following a better than expected earnings announcement. The stock traded as high as $10.02 and last traded at $10.00. 19,703 shares changed hands during trading, a decline of 96% from the average session volume of 450,000 shares. The stock had previously closed at $9.45.

The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.04. OneSpaWorld had a negative return on equity of 8.29% and a negative net margin of 98.06%.

Several equities research analysts recently issued reports on the company. Zacks Investment Research raised OneSpaWorld from a “sell” rating to a “hold” rating in a research report on Wednesday, May 5th. TheStreet lowered OneSpaWorld from a “c-” rating to a “d+” rating in a research report on Wednesday.

Hedge funds and other institutional investors have recently modified their holdings of the business. Baird Financial Group Inc. acquired a new stake in OneSpaWorld in the fourth quarter worth $5,026,000. Bank of The West acquired a new stake in OneSpaWorld in the fourth quarter worth $10,140,000. Rhumbline Advisers increased its position in OneSpaWorld by 15.5% in the fourth quarter. Rhumbline Advisers now owns 70,677 shares of the company’s stock worth $717,000 after buying an additional 9,510 shares during the period. Aperio Group LLC increased its position in OneSpaWorld by 14.8% in the fourth quarter. Aperio Group LLC now owns 18,032 shares of the company’s stock worth $183,000 after buying an additional 2,319 shares during the period. Finally, Bluefin Capital Management LLC bought a new position in shares of OneSpaWorld in the fourth quarter worth $102,000. 66.04% of the stock is currently owned by hedge funds and other institutional investors.

The company has a 50 day moving average price of $10.66 and a 200-day moving average price of $9.91. The company has a market cap of $902.83 million, a P/E ratio of -2.62 and a beta of 2.65. The company has a quick ratio of 1.60, a current ratio of 2.49 and a debt-to-equity ratio of 0.52.

About OneSpaWorld (NASDAQ:OSW)

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.

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