Short Interest in OneSpaWorld Holdings Limited (NASDAQ:OSW) Grows By 49.0%

OneSpaWorld Holdings Limited (NASDAQ:OSW) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 2,522,562 shares, an increase of 49.0% from the December 15th total of 1,693,287 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average trading volume of 461,236 shares, the short-interest ratio is currently 5.5 days. Based on an average trading volume of 461,236 shares, the short-interest ratio is currently 5.5 days. Approximately 2.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Northcoast Research set a $28.00 price objective on OneSpaWorld and gave the company a “buy” rating in a report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneSpaWorld in a research note on Monday, December 29th. Cowen restated a “buy” rating on shares of OneSpaWorld in a research report on Friday, October 31st. Finally, Stifel Nicolaus decreased their price target on OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $24.80.

OneSpaWorld Trading Down 2.3%

Shares of OSW traded down $0.46 during trading hours on Friday, hitting $19.72. 762,623 shares of the stock traded hands, compared to its average volume of 459,080. The business has a fifty day moving average of $20.80 and a 200-day moving average of $21.39. The company has a current ratio of 1.84, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.01 billion, a PE ratio of 27.77 and a beta of 1.04. OneSpaWorld has a 1-year low of $14.21 and a 1-year high of $23.49.

OneSpaWorld (NASDAQ:OSW) last released its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $258.52 million for the quarter, compared to the consensus estimate of $258.41 million. OneSpaWorld had a net margin of 7.90% and a return on equity of 16.38%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. Analysts expect that OneSpaWorld will post 0.9 EPS for the current year.

OneSpaWorld Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, November 19th. This is a positive change from OneSpaWorld’s previous quarterly dividend of $0.04. OneSpaWorld’s dividend payout ratio is presently 28.17%.

Insiders Place Their Bets

In related news, Director Andrew R. Heyer sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $20.19, for a total value of $403,800.00. Following the completion of the transaction, the director directly owned 509,817 shares of the company’s stock, valued at $10,293,205.23. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen Lazarus sold 8,569 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total transaction of $180,977.28. Following the completion of the sale, the chief executive officer directly owned 351,250 shares in the company, valued at $7,418,400. This trade represents a 2.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 33,569 shares of company stock worth $685,827. 3.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OSW. Aster Capital Management DIFC Ltd bought a new stake in OneSpaWorld in the third quarter valued at about $29,000. Aquatic Capital Management LLC bought a new stake in shares of OneSpaWorld in the 3rd quarter valued at about $50,000. CIBC Private Wealth Group LLC acquired a new stake in shares of OneSpaWorld in the 3rd quarter valued at approximately $87,000. State of Alaska Department of Revenue bought a new position in OneSpaWorld during the 3rd quarter worth approximately $116,000. Finally, Tower Research Capital LLC TRC grew its holdings in OneSpaWorld by 313.5% during the second quarter. Tower Research Capital LLC TRC now owns 9,274 shares of the company’s stock valued at $189,000 after purchasing an additional 7,031 shares during the period. 95.98% of the stock is currently owned by institutional investors.

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.