Longboard Asset Management LP Makes New Investment in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Longboard Asset Management LP acquired a new position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,481 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently bought and sold shares of OSW. FMR LLC raised its position in shares of OneSpaWorld by 54.0% in the third quarter. FMR LLC now owns 4,137,525 shares of the company’s stock valued at $68,311,000 after buying an additional 1,451,283 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of OneSpaWorld in the third quarter valued at approximately $9,267,000. Wellington Management Group LLP raised its position in shares of OneSpaWorld by 21.4% in the third quarter. Wellington Management Group LLP now owns 1,791,032 shares of the company’s stock valued at $29,570,000 after buying an additional 316,207 shares in the last quarter. Algert Global LLC raised its position in shares of OneSpaWorld by 1,072.8% in the third quarter. Algert Global LLC now owns 293,325 shares of the company’s stock valued at $4,843,000 after buying an additional 268,315 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in 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 acquiring an additional 214,557 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Truist Financial lifted their price objective on shares of OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd.

Insiders Place Their Bets

In other OneSpaWorld news, Director Walter Field Mclallen sold 18,000 shares of the business’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 sale, the director now owns 170,917 shares of the company’s stock, valued at approximately $3,486,706.80. The trade was a 9.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.00% of the company’s stock.

OneSpaWorld Stock Performance

NASDAQ OSW opened at $21.36 on Wednesday. The firm’s fifty day moving average price is $19.89 and its two-hundred day moving average price is $17.84. The stock has a market cap of $2.22 billion, a PE ratio of 43.59 and a beta of 2.10. OneSpaWorld Holdings Limited has a fifty-two week low of $11.98 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84.

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.