OneSpaWorld Holdings Limited (NASDAQ:OSW) Given Average Recommendation of “Buy” by Analysts

Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) have received an average rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $24.60.

A number of analysts recently issued reports on OSW shares. Northcoast Research set a $28.00 price objective on shares of OneSpaWorld and gave the stock a “buy” rating in a report on Tuesday, October 7th. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Cowen reaffirmed a “buy” rating on shares of OneSpaWorld in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday. Finally, TD Cowen raised their target price on OneSpaWorld from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, October 31st.

Insider Buying and Selling

In other news, Director Andrew R. Heyer sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $20.19, for a total transaction of $403,800.00. Following the sale, the director directly owned 509,817 shares in the company, valued at $10,293,205.23. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Walter Field Mclallen sold 5,000 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $20.21, for a total transaction of $101,050.00. Following the completion of the sale, the director directly owned 154,882 shares in the company, valued at approximately $3,130,165.22. The trade was a 3.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,569 shares of company stock valued at $685,827. Company insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC purchased a new position in OneSpaWorld in the 3rd quarter worth $87,000. CIBC Bancorp USA Inc. bought a new stake in shares of OneSpaWorld in the 3rd quarter valued at about $214,000. Virtus Advisers LLC boosted its holdings in OneSpaWorld by 742.3% during the 3rd quarter. Virtus Advisers LLC now owns 16,542 shares of the company’s stock valued at $350,000 after acquiring an additional 14,578 shares during the period. Verition Fund Management LLC boosted its holdings in OneSpaWorld by 131.2% during the 3rd quarter. Verition Fund Management LLC now owns 121,091 shares of the company’s stock valued at $2,560,000 after acquiring an additional 68,720 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in OneSpaWorld by 85.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 478,047 shares of the company’s stock worth $10,106,000 after acquiring an additional 220,008 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

OneSpaWorld Stock Up 0.3%

Shares of NASDAQ:OSW opened at $21.49 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.84. OneSpaWorld has a 52-week low of $14.21 and a 52-week high of $23.49. The business’s 50 day simple moving average is $20.88 and its two-hundred day simple moving average is $21.15. The firm has a market cap of $2.19 billion, a P/E ratio of 30.27 and a beta of 1.06.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. OneSpaWorld had a net margin of 7.90% and a return on equity of 16.38%. The firm had revenue of $258.52 million for the quarter, compared to the consensus estimate of $258.41 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts forecast that OneSpaWorld will post 0.9 EPS for the current fiscal year.

OneSpaWorld Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were paid a $0.05 dividend. The ex-dividend date was Wednesday, November 19th. This is a positive change from OneSpaWorld’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. OneSpaWorld’s dividend payout ratio is 28.17%.

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.