OneSpaWorld (NASDAQ:OSW) Upgraded by Zacks Research to Hold Rating

OneSpaWorld (NASDAQ:OSW) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

OSW has been the subject of several other reports. TD Cowen reduced their price objective on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneSpaWorld in a research note on Monday, December 29th. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Stifel Nicolaus reduced their target price on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Finally, Truist Financial raised their price target on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $25.00.

OneSpaWorld Price Performance

NASDAQ:OSW opened at $21.48 on Monday. OneSpaWorld has a 12 month low of $14.21 and a 12 month high of $23.54. The stock has a 50 day moving average of $21.06 and a two-hundred day moving average of $21.15. The company has a current ratio of 1.91, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.18 billion, a P/E ratio of 31.13 and a beta of 0.99.

OneSpaWorld (NASDAQ:OSW) last announced its earnings results on Wednesday, February 18th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 7.45% and a return on equity of 17.08%. OneSpaWorld’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 EPS. On average, analysts expect that OneSpaWorld will post 0.9 earnings per share for the current fiscal year.

Institutional Trading of OneSpaWorld

A number of hedge funds and other institutional investors have recently modified their holdings of OSW. Rhumbline Advisers raised its holdings in shares of OneSpaWorld by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 138,938 shares of the company’s stock worth $2,833,000 after acquiring an additional 731 shares during the period. California State Teachers Retirement System grew its holdings in shares of OneSpaWorld by 0.9% in the second quarter. California State Teachers Retirement System now owns 91,653 shares of the company’s stock valued at $1,869,000 after purchasing an additional 849 shares during the period. Blair William & Co. IL increased its position in OneSpaWorld by 0.6% during the third quarter. Blair William & Co. IL now owns 152,277 shares of the company’s stock worth $3,219,000 after purchasing an additional 924 shares during the last quarter. First Horizon Corp increased its position in OneSpaWorld by 120.4% during the fourth quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after purchasing an additional 975 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in OneSpaWorld by 111.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock worth $49,000 after purchasing an additional 1,244 shares during the period. 95.98% of the stock is owned by institutional investors and hedge funds.

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.