Stifel Nicolaus Raises OneSpaWorld (NASDAQ:OSW) Price Target to $25.00

OneSpaWorld (NASDAQ:OSW) had its price objective lifted by Stifel Nicolaus from $24.00 to $25.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Truist Financial upped their price objective on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd.

OneSpaWorld Price Performance

NASDAQ OSW opened at $19.19 on Wednesday. OneSpaWorld has a 12 month low of $11.98 and a 12 month high of $20.57. The firm has a market capitalization of $2.00 billion, a PE ratio of 39.16 and a beta of 2.10. The company’s 50 day simple moving average is $19.45 and its 200 day simple moving average is $17.34. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29.

OneSpaWorld Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.16 dividend on an annualized basis and a yield of 0.83%. OneSpaWorld’s payout ratio is presently 32.65%.

Insider Buying and Selling

In other OneSpaWorld news, CFO Stephen Lazarus sold 65,906 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $18.51, for a total value of $1,219,920.06. Following the completion of the sale, the chief financial officer now directly owns 490,675 shares of the company’s stock, valued at $9,082,394.25. The trade was a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Walter Field Mclallen sold 18,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $20.40, for a total transaction of $367,200.00. Following the transaction, the director now owns 170,917 shares in the company, valued at $3,486,706.80. This represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,906 shares of company stock worth $2,988,120. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On OneSpaWorld

Hedge funds have recently bought and sold shares of the business. Lord Abbett & CO. LLC raised its position in shares of OneSpaWorld by 53.5% in the third quarter. Lord Abbett & CO. LLC now owns 615,730 shares of the company’s stock valued at $10,166,000 after purchasing an additional 214,557 shares during the period. State Street Corp raised its holdings in OneSpaWorld by 3.0% in the 3rd quarter. State Street Corp now owns 2,148,522 shares of the company’s stock worth $35,472,000 after acquiring an additional 61,568 shares during the period. Divisadero Street Capital Management LP acquired a new position in OneSpaWorld during the 2nd quarter worth $7,685,000. Royce & Associates LP acquired a new stake in shares of OneSpaWorld in the third quarter valued at about $2,295,000. Finally, Driehaus Capital Management LLC increased its stake in shares of OneSpaWorld by 6.1% in the second quarter. Driehaus Capital Management LLC now owns 1,867,527 shares of the company’s stock worth $28,704,000 after purchasing an additional 106,910 shares during the period. 95.98% of the stock is owned by institutional investors and hedge funds.

OneSpaWorld Company Profile

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.