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

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

Analyst Ratings Changes

OSW has been the topic of several research reports. Truist Financial increased their target price on OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Stifel Nicolaus lifted their price target on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th.

OneSpaWorld Trading Up 0.7 %

The firm has a market capitalization of $2.31 billion, a P/E ratio of 45.31 and a beta of 2.10. 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 company’s fifty day moving average is $20.18 and its 200-day moving average is $18.05.

Insider Activity

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

Institutional Investors Weigh In On OneSpaWorld

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in OneSpaWorld by 25.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 147,140 shares of the company’s stock worth $2,928,000 after purchasing an additional 29,847 shares during the period. Wells Fargo & Company MN boosted its stake in shares of OneSpaWorld by 115.4% in the 4th quarter. Wells Fargo & Company MN now owns 187,342 shares of the company’s stock valued at $3,728,000 after purchasing an additional 100,351 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. grew its position in shares of OneSpaWorld by 5.7% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 100,000 shares of the company’s stock worth $1,990,000 after buying an additional 5,430 shares during the period. Wellington Management Group LLP raised its stake in shares of OneSpaWorld by 16.8% during the fourth quarter. Wellington Management Group LLP now owns 2,092,683 shares of the company’s stock worth $41,644,000 after buying an additional 301,651 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of OneSpaWorld by 205.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,255,893 shares of the company’s stock worth $24,992,000 after buying an additional 845,117 shares during the period. Institutional investors own 95.98% of the company’s stock.

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.