Short Interest in OneSpaWorld Holdings Limited (NASDAQ:OSW) Grows By 49.0%

by · The Cerbat Gem

OneSpaWorld Holdings Limited (NASDAQ:OSW – Get Free Report) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 2,522,562 shares, a growth of 49.0% from the December 15th total of 1,693,287 shares. Based on an average daily trading volume, of 461,236 shares, the short-interest ratio is currently 5.5 days. Currently, 2.6% of the company’s shares are sold short. Currently, 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 461,236 shares, the short-interest ratio is currently 5.5 days.

OneSpaWorld Stock Down 2.3%

Shares of NASDAQ:OSW traded down $0.46 during trading on Friday, hitting $19.72. 762,623 shares of the company were exchanged, compared to its average volume of 459,080. OneSpaWorld has a fifty-two week low of $14.21 and a fifty-two week high of $23.49. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 27.77 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average price of $20.80 and a two-hundred day moving average price of $21.39.

OneSpaWorld (NASDAQ:OSW – Get Free Report) last released its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. OneSpaWorld had a net margin of 7.90% and a return on equity of 16.38%. The business had revenue of $258.52 million during the quarter, compared to analysts’ expectations of $258.41 million. During the same period last year, the business earned $0.26 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts anticipate that OneSpaWorld will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, November 19th. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. This is a boost from OneSpaWorld’s previous quarterly dividend of $0.04. OneSpaWorld’s dividend payout ratio (DPR) is presently 28.17%.

Analyst Ratings Changes

A number of brokerages recently weighed in on OSW. Northcoast Research set a $28.00 target price on shares of OneSpaWorld and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Cowen reiterated 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 research report on Monday, December 29th. Finally, TD Cowen boosted their target price on OneSpaWorld from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $24.80.

Get Our Latest Stock Report on OSW

Insider Activity at OneSpaWorld

In related news, Director Andrew R. Heyer sold 20,000 shares of the firm’s stock in a transaction on 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 owned 509,817 shares of the company’s stock, valued at approximately $10,293,205.23. This trade represents a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Walter Field Mclallen sold 5,000 shares of OneSpaWorld stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $20.21, for a total value of $101,050.00. Following the transaction, the director owned 154,882 shares in the company, valued at approximately $3,130,165.22. This represents a 3.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,569 shares of company stock worth $685,827 in the last quarter. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On OneSpaWorld

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning grew its stake in OneSpaWorld by 35.0% in the 2nd quarter. Creative Planning now owns 129,769 shares of the company’s stock valued at $2,646,000 after buying an additional 33,648 shares during the last quarter. Diversified Trust Co grew its position in shares of OneSpaWorld by 34.6% in the second quarter. Diversified Trust Co now owns 15,277 shares of the company’s stock valued at $311,000 after purchasing an additional 3,929 shares during the last quarter. Ellsworth Advisors LLC bought a new position in shares of OneSpaWorld during the third quarter worth approximately $573,000. American Century Companies Inc. lifted its holdings in OneSpaWorld by 105.5% during the 2nd quarter. American Century Companies Inc. now owns 2,976,478 shares of the company’s stock worth $60,690,000 after purchasing an additional 1,528,210 shares during the last quarter. Finally, Alpha Wave Global LP bought a new stake in OneSpaWorld in the 2nd quarter valued at $4,532,000. Institutional investors own 95.98% of the company’s stock.

OneSpaWorld Company Profile

(Get Free Report)

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.

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