OneSpaWorld (NASDAQ:OSW) Raised to “Hold” at Zacks Research

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

Several other brokerages have also weighed in on OSW. Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a research report on Monday, December 29th. TD Cowen reduced their price target on shares of OneSpaWorld from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Stifel Nicolaus lowered their price target on OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Finally, Truist Financial lifted 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, OneSpaWorld currently has an average rating of “Buy” and a consensus target price of $25.00.

OneSpaWorld Price Performance

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

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings results 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 company had revenue of $242.13 million for the quarter, compared to analyst estimates of $243.07 million. During the same period last year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, analysts predict that OneSpaWorld will post 0.9 earnings per share for the current fiscal year.

Institutional Trading of OneSpaWorld

Several large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new position in shares of OneSpaWorld during the 3rd quarter worth approximately $29,000. Brown Brothers Harriman & Co. acquired a new position in shares of OneSpaWorld during the 4th quarter worth approximately $31,000. Arax Advisory Partners lifted its stake in OneSpaWorld by 428.8% in the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock valued at $33,000 after buying an additional 1,295 shares in the last quarter. First Horizon Corp lifted its stake in OneSpaWorld by 120.4% in the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after buying an additional 975 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in OneSpaWorld by 325.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after buying an additional 1,478 shares during the last quarter. 95.98% of the stock is currently 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.