OneSpaWorld (NASDAQ:OSW) Shares Gap Up After Strong Earnings

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $12.72, but opened at $13.64. OneSpaWorld shares last traded at $13.86, with a volume of 53,968 shares.

The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $211.23 million during the quarter, compared to the consensus estimate of $206.98 million. OneSpaWorld had a return on equity of 13.61% and a net margin of 4.14%. During the same quarter in the prior year, the firm posted $0.10 earnings per share.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Truist Financial increased their target price on shares of OneSpaWorld from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, January 5th. Stifel Nicolaus increased their target price on shares of OneSpaWorld from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th.

Insiders Place Their Bets

In other OneSpaWorld news, Director Maryam Banikarim sold 6,411 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $13.07, for a total transaction of $83,791.77. Following the transaction, the director now directly owns 75,765 shares in the company, valued at approximately $990,248.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Andrew R. Heyer sold 9,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $13.00, for a total value of $117,000.00. Following the transaction, the director now directly owns 473,145 shares in the company, valued at approximately $6,150,885. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Maryam Banikarim sold 6,411 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $13.07, for a total value of $83,791.77. Following the completion of the transaction, the director now owns 75,765 shares in the company, valued at $990,248.55. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On OneSpaWorld

A number of large investors have recently modified their holdings of the company. Moran Wealth Management LLC raised its position in OneSpaWorld by 5.3% in the 4th quarter. Moran Wealth Management LLC now owns 22,240 shares of the company’s stock valued at $314,000 after buying an additional 1,114 shares during the last quarter. Amalgamated Bank raised its position in OneSpaWorld by 10.5% in the 3rd quarter. Amalgamated Bank now owns 12,035 shares of the company’s stock valued at $135,000 after buying an additional 1,144 shares during the last quarter. Sheets Smith Wealth Management raised its position in OneSpaWorld by 4.9% in the 4th quarter. Sheets Smith Wealth Management now owns 33,649 shares of the company’s stock valued at $474,000 after buying an additional 1,570 shares during the last quarter. Arizona State Retirement System raised its position in OneSpaWorld by 9.9% in the 3rd quarter. Arizona State Retirement System now owns 25,476 shares of the company’s stock valued at $286,000 after buying an additional 2,286 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in OneSpaWorld by 15.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 23,822 shares of the company’s stock valued at $267,000 after buying an additional 3,100 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors.

OneSpaWorld Price Performance

The firm has a market capitalization of $1.49 billion, a PE ratio of 55.04 and a beta of 2.12. The business has a 50-day moving average of $12.93 and a 200 day moving average of $12.76. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36.

About OneSpaWorld

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.