OneSpaWorld (NASDAQ:OSW) Shares Down 8.7% – Here’s What Happened

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares dropped 8.7% during trading on Thursday . The company traded as low as $21.13 and last traded at $20.99. Approximately 246,182 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 607,636 shares. The stock had previously closed at $22.98.

Analysts Set New Price Targets

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

OneSpaWorld Stock Performance

The stock has a 50 day moving average price of $20.48 and a two-hundred day moving average price of $18.27. 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 has a market cap of $2.18 billion, a price-to-earnings ratio of 42.74 and a beta of 2.10.

Insider Activity

In related news, Director Walter Field Mclallen sold 18,000 shares of the firm’s stock in a transaction on 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 owns 170,917 shares of the company’s stock, valued at approximately $3,486,706.80. This trade represents a 9.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.00% of the stock is currently owned by company insiders.

Institutional Trading of OneSpaWorld

Several hedge funds have recently added to or reduced their stakes in OSW. Raymond James Financial Inc. bought a new position in OneSpaWorld during the 4th quarter worth about $54,789,000. Loomis Sayles & Co. L P bought a new position in OneSpaWorld during the 4th quarter worth about $30,457,000. FMR LLC increased its holdings in OneSpaWorld by 54.0% during the 3rd quarter. FMR LLC now owns 4,137,525 shares of the company’s stock worth $68,311,000 after purchasing an additional 1,451,283 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in 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 purchasing an additional 845,117 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in OneSpaWorld by 1,699.9% during the 4th quarter. Royal Bank of Canada now owns 844,479 shares of the company’s stock worth $16,806,000 after purchasing an additional 797,562 shares in the last quarter. Institutional investors and hedge funds 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.