Short Interest in OneSpaWorld Holdings Limited (NASDAQ:OSW) Declines By 17.2%

OneSpaWorld Holdings Limited (NASDAQ:OSW) was the recipient of a significant decrease in short interest in 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 short-interest ratio is presently 5.3 days. Currently, 4.6% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OSW shares. Zacks Research raised OneSpaWorld from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. TD Cowen increased their target price on OneSpaWorld from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Monday. Truist Financial raised their target price on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Jefferies Financial Group assumed coverage on OneSpaWorld in a research report on Tuesday, March 24th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Stifel Nicolaus dropped their price objective on OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, OneSpaWorld has a consensus rating of “Buy” and a consensus target price of $26.33.

Hedge Funds Weigh In On OneSpaWorld

A number of institutional investors and hedge funds have recently bought and sold shares of OSW. Rockefeller Capital Management L.P. raised its holdings in shares of OneSpaWorld by 111.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock valued at $49,000 after buying an additional 1,244 shares during the last quarter. Empowered Funds LLC bought a new stake in OneSpaWorld during the 4th quarter worth about $66,000. XTX Topco Ltd bought a new stake in OneSpaWorld during the 4th quarter worth about $245,000. nVerses Capital LLC acquired a new stake in OneSpaWorld in the 4th quarter valued at about $210,000. Finally, Voloridge Investment Management LLC increased its position in OneSpaWorld by 2,749.2% in the 4th quarter. Voloridge Investment Management LLC now owns 271,298 shares of the company’s stock valued at $5,627,000 after acquiring an additional 261,776 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Price Performance

NASDAQ:OSW traded up $0.65 on Wednesday, reaching $23.60. The stock had a trading volume of 159,293 shares, compared to its average volume of 1,222,423. The company has a quick ratio of 1.10, a current ratio of 1.91 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.39 billion, a P/E ratio of 34.19 and a beta of 0.99. OneSpaWorld has a 1-year low of $14.21 and a 1-year high of $23.63. The stock has a fifty day moving average price of $21.35 and a 200-day moving average price of $21.15.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $242.13 million for 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%.The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. Research analysts forecast that OneSpaWorld will post 0.9 EPS for the current year.

OneSpaWorld Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were given a $0.05 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.20 annualized dividend and a yield of 0.8%. OneSpaWorld’s payout ratio is presently 28.99%.

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.