OneSpaWorld (NASDAQ:OSW) Shares Gap Up – Here’s Why

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $20.98, but opened at $22.35. OneSpaWorld shares last traded at $21.8160, with a volume of 64,368 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Stifel Nicolaus decreased their price target on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. TD Cowen lowered their price target on shares of OneSpaWorld from $27.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, January 20th. Truist Financial upped their price objective on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $25.00.

OneSpaWorld Trading Up 3.8%

The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 31.54 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.91. The business’s 50-day simple moving average is $21.03 and its 200-day simple moving average is $21.12.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.The business had revenue of $242.13 million for the quarter, compared to analyst estimates of $243.07 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, research analysts expect that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, March 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. OneSpaWorld’s payout ratio is presently 28.99%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in OneSpaWorld by 41.4% in the first quarter. AQR Capital Management LLC now owns 25,286 shares of the company’s stock valued at $425,000 after buying an additional 7,398 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of OneSpaWorld by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,779 shares of the company’s stock worth $1,004,000 after buying an additional 2,612 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of OneSpaWorld by 50.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,015 shares of the company’s stock valued at $3,577,000 after acquiring an additional 71,420 shares during the last quarter. Intech Investment Management LLC raised its position in shares of OneSpaWorld by 80.7% in the 1st quarter. Intech Investment Management LLC now owns 92,702 shares of the company’s stock valued at $1,556,000 after acquiring an additional 41,391 shares during the period. Finally, Creative Planning boosted its stake in OneSpaWorld by 35.0% during the 2nd quarter. Creative Planning now owns 129,769 shares of the company’s stock worth $2,646,000 after acquiring an additional 33,648 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors.

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.