OneSpaWorld (NASDAQ:OSW) Reaches New 1-Year High – Here’s Why

OneSpaWorld Holdings Limited (NASDAQ:OSW) reached a new 52-week high during trading on Thursday . The stock traded as high as $22.29 and last traded at $22.35, with a volume of 12871 shares trading hands. The stock had previously closed at $22.05.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on OSW shares. Stifel Nicolaus raised their price target on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Truist Financial increased their price target on OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd.

OneSpaWorld Price Performance

The business has a 50-day moving average of $20.18 and a two-hundred day moving average of $18.05. The company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.31 billion, a P/E ratio of 45.31 and a beta of 2.10.

Insider Transactions at OneSpaWorld

In related news, Director Walter Field Mclallen sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $20.40, for a total value of $367,200.00. Following the completion of the transaction, the director now owns 170,917 shares in the company, valued at $3,486,706.80. This trade represents a 9.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On OneSpaWorld

Large investors have recently modified their holdings of the business. Lord Abbett & CO. LLC raised its position in OneSpaWorld by 53.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 615,730 shares of the company’s stock worth $10,166,000 after purchasing an additional 214,557 shares during the last quarter. State Street Corp increased its stake in shares of OneSpaWorld by 3.0% in the third quarter. State Street Corp now owns 2,148,522 shares of the company’s stock valued at $35,472,000 after buying an additional 61,568 shares during the period. Royce & Associates LP acquired a new position in shares of OneSpaWorld in the third quarter worth approximately $2,295,000. Geode Capital Management LLC boosted its holdings in OneSpaWorld by 6.2% in the third quarter. Geode Capital Management LLC now owns 2,414,363 shares of the company’s stock valued at $39,869,000 after acquiring an additional 141,578 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in OneSpaWorld by 55.6% during the 3rd quarter. Victory Capital Management Inc. now owns 92,005 shares of the company’s stock valued at $1,519,000 after purchasing an additional 32,888 shares during the period. Institutional investors own 95.98% of the company’s stock.

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.