OneSpaWorld (NASDAQ:OSW) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of OneSpaWorld (NASDAQ:OSW) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks.com reports.

Several other brokerages also recently issued reports on OSW. Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a research report on Monday, December 29th. Wall Street Zen downgraded shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research note 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 on the stock in a report on Thursday, January 15th. Truist Financial lifted their price target on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, TD Cowen reduced their price objective on shares of OneSpaWorld from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, OneSpaWorld currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

OneSpaWorld Stock Down 0.2%

Shares of NASDAQ OSW opened at $21.82 on Monday. The firm’s 50-day moving average is $21.17 and its two-hundred day moving average is $21.27. The company has a market capitalization of $2.22 billion, a PE ratio of 31.62 and a beta of 1.03. OneSpaWorld has a 12-month low of $14.21 and a 12-month high of $23.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.91 and a quick ratio of 1.09.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $243.07 million. During the same period last year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities analysts anticipate that OneSpaWorld will post 0.9 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

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

Insider Buying and Selling

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

Institutional Investors Weigh In On OneSpaWorld

A number of institutional investors and hedge funds have recently modified their holdings of OSW. Empowered Funds LLC acquired a new position in shares of OneSpaWorld in the 4th quarter valued at $66,000. XTX Topco Ltd purchased a new stake in shares of OneSpaWorld in the fourth quarter valued at $245,000. nVerses Capital LLC acquired a new stake in shares of OneSpaWorld in the fourth quarter worth $210,000. Voloridge Investment Management LLC grew its holdings in shares of OneSpaWorld by 2,749.2% during the fourth quarter. Voloridge Investment Management LLC now owns 271,298 shares of the company’s stock valued at $5,627,000 after buying an additional 261,776 shares in the last quarter. Finally, Susquehanna Portfolio Strategies LLC acquired a new position in OneSpaWorld during the fourth quarter valued at $752,000. 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.