OneSpaWorld (NASDAQ:OSW) Hits New 1-Year High – What’s Next?

OneSpaWorld Holdings Limited (NASDAQ:OSW) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.10 and last traded at $22.04, with a volume of 951637 shares trading hands. The stock had previously closed at $21.64.

Analyst Upgrades and Downgrades

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

OneSpaWorld Stock Up 1.8 %

The business’s 50 day simple moving average is $19.73 and its 200 day simple moving average is $17.70. 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 capitalization of $2.29 billion, a PE ratio of 44.98 and a beta of 2.10.

Insiders Place Their Bets

In other news, Director Walter Field Mclallen sold 18,000 shares of OneSpaWorld stock in a transaction that occurred on Thursday, December 12th. The stock was 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 approximately $3,486,706.80. The trade was a 9.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew R. Heyer sold 75,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total value of $1,401,000.00. Following the sale, the director now owns 545,432 shares in the company, valued at $10,188,669.76. The trade was a 12.09 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneSpaWorld

Large investors have recently made changes to their positions in the company. USA Financial Formulas bought a new stake in OneSpaWorld in the fourth quarter worth about $36,000. Quarry LP raised its holdings in shares of OneSpaWorld by 178.9% in the second quarter. Quarry LP now owns 4,306 shares of the company’s stock worth $66,000 after buying an additional 2,762 shares during the period. Point72 DIFC Ltd bought a new stake in shares of OneSpaWorld during the 3rd quarter worth approximately $81,000. KBC Group NV purchased a new position in OneSpaWorld during the 4th quarter valued at $121,000. Finally, Longboard Asset Management LP bought a new position in OneSpaWorld in the 4th quarter valued at $209,000. 95.98% of the stock is owned by hedge funds and other institutional investors.

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.